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)
http://www.nasfaa.org/NewsLetters/Daily/2007/awquestions100107
Private Loans For College Often Mask True Cost To Students (The Dallas Morning News)
http://www.nasfaa.org/newsletters/daily/2008/awprivate012808
GAO Report Says Community Colleges Are Crucial In Training The Work Force (The Chronicle of Higher Education)
http://www.nasfaa.org/NewsLetters/Daily/2008/awgao051608
North Carolina: More Funds Urged For Community College Students (News & Record)
http://www.nasfaa.org/NewsLetters/Daily/2008/awnc052808
NASFAA Summary Of New GI Bill
http://www.nasfaa.org/gibill073108
Good News For Veterans In Higher-Education Bill (The Chronicle of Higher Education) http://www.nasfaa.org/awvets080608
Five College Money Scams (Smart Money)
http://www.nasfaa.org/awscams090408
Updated "Cash for College" Booklet Available Online
http://www.nasfaa.org/ancash4college100308
Parents Find Tougher Road Getting PLUS Loans (McClatchy-Tribune)
http://www.nasfaa.org/awplus102408
New GI Bill To Start On Time (Military.com)
http://www.nasfaa.org/awgiontime102408
America Gets A Professor In Chief (The Chronicle of Higher Education)
http://www.nasfaa.org/awgovern110508
The 4 Rules Of Paying For College In A Recession (U.S. News & World Report) http://www.nasfaa.org/awrules121608
Common Mistakes To Avoid When Completing The FAFSA
North Carolina: College Savings Plans Shifting (The News & Observer)
"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."
In Student Loan Hell? Here's How to Get Out
"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."
