Financial Aid FYI
This section identifies interesting articles found by our Financial Aid staff to enlighten CFCC students about the world of Financial Aid.
Questions Student Borrowers Might Pose (Associated Press)
Private Loans For College Often Mask True Cost To Students (The Dallas Morning News)
GAO Report Says Community Colleges Are Crucial In Training The Work Force (The Chronicle of Higher Education)
North Carolina: More Funds Urged For Community College Students (News & Record)
NASFAA Summary Of New GI Bill
Good News For Veterans In Higher-Education Bill (The Chronicle of Higher Education) http://www.nasfaa.org/awvets080608
Five College Money Scams (Smart Money)
Updated “Cash for College” Booklet Available Online
Parents Find Tougher Road Getting PLUS Loans (McClatchy-Tribune)
New GI Bill To Start On Time (Military.com)
America Gets A Professor In Chief (The Chronicle of Higher Education)
The 4 Rules Of Paying For College In A Recession (U.S. News & World Report) http://www.nasfaa.org/awrules121608
“North Carolina’s college- savings plan is dumping two poorly performing funds, a move that will reduce costs for parents and could make the plan more attractive,” The News & Observer reports.
North Carolina: Budget Cuts Scholarships for Neediest (Greensboro News Record)
“A scholarship program designed to allow low-income students to graduate from college debt-free will be phased out as part of the cuts made in this year’s budget,” the Greensboro News Record reports.
What the ‘Graduation Initiative’ Means for Community Colleges (Business West)
“It’s called the American Graduation Initiative, an Obama administration program to pump $12 billion into the nation’s community college over the next decade,” Business West reports. “While administrators at those institutions welcome the federal help, some wonder out loud whether the measure will have any meaningful impact and do what its name implies — graduate more individuals into the workforce. Admission offices are bustling at the area’s community colleges.”
“Federal student loans. When you take them out they’re awesome. You have access to a large amount of cash without needing a good credit score, and the terms tend to be terrific,” the San Francisco Chronicle reports. “But allow them to go bad? Hold on. They can be the worst. The default notation can remain on your credit report indefinitely, the IRS may garnish your wages without having to drag you into court, and interest and fees will pile up in an almost surreal way.”