The availability of student loans are a priority in congress. The Wall Street Journal Reports: With a fire under them as elections approach, lawmakers are looking at plans that would increase some federal student-loan limits and make sure that there are loans available. They also intend to cut a break for parents who have had mortgage problems, insuring their children won’t be penalized over credit concerns. Concerned parents, students and other citizens can also contact their representative to voice thier opinions on this issue.
This is a question that often only occurs to new students at the time their tuition payments come due. A clear understanding about the answer now though, can help you avoid unseen problems later on. First and foremost, it is important to speak with a financial aid adviser at your school. Different institutions may have different policies and procedures that affect how the money gets to you. You will also need to be clear about specifics like where to pick up any checks you might receive, how you will know when your tuition has been covered, and if your school uses some kind of book voucher system. At most schools the process is generally the same. After your aid has been offered to you and you accept it, the actual money is sent to the school. It is then applied to your tuition and fee bill before any of it reaches you. This includes funds from any grants or loans, as well as most scholarships. You may then be given a payment for any aid you receive over the amount of your tuition. If you do get a refund check, it should go toward needed, educational expenses. Try to have [...]
Getting help paying off student loans just got a little easier for Tufts University graduates. The Medford, Mass. school announced that they will help pay off the loans of its students who work for a nonprofit organization or a public-sector job. Find out more in this article from Philanthropy Today.