Archive for February, 2008
"Students have a right to ...
1. Pay off college loans early without incurring an early-repayment charge. Yes No
2. Cancel a private loan within three days of signing an agreement with a lender. Yes No
3. Take 30 days after approval for a private loan to think about whether the loan is needed without risking changes to the loan terms. Yes No
4. Take out a loan from the lender of a student's choice, regardless of whether that lender is on a student's colleg
February 29, 2008
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The UM College of Literature, Science and the Arts will up its aid next year and double the number of students who will receive need-based scholarships and grants to 1,000. Big deal!
February 26, 2008
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Due to the recent budget cuts of $113,000,000 affecting 17,000 freshmen at Florida's 11 public universities, FL State will be trimming its enrollment by 1,500 students, thereby making FAU the school of choice for many of those rejects. FAU is also feeling the pinch and will cut its enrollment by 1,800. FAU, the Univ. of FL and the Univ. of Central FL have capped 2008-2009 at the previous year's level.
Prospective students better keep their grades up - or else!
February 25, 2008
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After raising over $832,000,000, Stanford has decided to fall in line with some of the Ivy League and offer a free education to students from families with incomes under $60,000. Students from families with incomes under $100,000 won't have to pay $35,000 per year in tuition. Families whose incomes are close to these figures are advised to review their income and assets so they can maximize on financial aid.
February 21, 2008
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Reported by Michelle Diamond - Columbia Spectator
Columbia made a phenomenal commitment to financial aid last year, transferring all loans to grants for students whose families make less than $50,000 a year. I was extremely proud of Columbia’s commitment, and I still am. Columbia has also been rather generous in providing me with financial assistance, so I in no way mean to appear ungrateful when I say that our University needs to do more—and not only because of the recent commitments o
February 13, 2008
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Beginning in 2008-09, Colby will eliminate loans from students’ financial aid packages.
February 6, 2008
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Reported by Jodi Cohen - The Chicago Tribune
Trying to keep pace with the nation's elite schools, Northwestern University announced Thursday it will expand financial aid to help more families afford its pricey tuition and fees.
Starting next fall, about 450 of Northwestern's neediest undergraduates each year -- most with annual family incomes of less than $55,000 -- will have their loans replaced with grants, enabling them to graduate debt-free.
The scholarships are worth at least $12
February 1, 2008
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Cornell University will be giving out more grants and free money to undergraduates beginning with next year. No more need-based loans for families whose income is less than $60,000. The new directive will cap loans at $3,000 for families who make $60,000 to $120,000 a year. In the fall of 2009 it will increase to $75,000.
February 1, 2008
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