| A long-kept Md. secret: interest-free college loans
Undergraduate and graduate students are eligible. There's no age limit. Recipients range from age 17 to 61. To qualify for a loan, you must apply for federal financial aid. You need to have a grade-point average of at least 2.0 on a scale of 4. And you must have a co-signer for the loan so that if you don't repay it, the co-signer would be on the hook. Central Scholarship will begin accepting applications for the 2008-2009 academic year in January. The deadline is May 31. For more details check out the nonprofit's Web site at www.centralsb.org. .
Schools unhurt by admissions change
Four prominent universities that ditched their early admissions programs have answered questions about whether the move would hurt their popularity. That answer is no. All are reporting record applications this year. Harvard, Princeton and the University of Virginia attracted widespread attention with announcements in 2006 that they would stop holding a separate, early round of admissions in the fall. They argued the practice contributes to anxiety and disadvantages students who need financial aid. This year, they began considering all applicants in a single pool with a January deadline. The University of Florida later made a similar announcement and moved to a single deadline of Nov. 1. Most selective schools kept some form of early admissions. Now, the results are in.
Friday wild card
Or the Coeur d'Alene Chamber of Commerce should pick up the tab willingly to settle this ongoing tempest. I'm posting this from home, so I can't provide the rest of my editorial today. But there's enough here to discuss. We think Post Falls should quit acting like a jealous sibling and eat the cost of city services for the Coeur d'Alene Ironman. Are we all wet? .
A Shaky Season for Student Loans
Shortly after New Year's Day, Pat Watkins, financial aid director at Eckerd College in St. Petersburg, Fla., placed a worried call to National Education, a student loan company she has been working with for nearly two decades. She had heard rumors that the company was no longer funding federal Stafford and PLUS (Parent Loans for Undergraduate Students) education loans, but had received no official word from the company. She found out that the phone of National Education's local rep had been disconnected. Later she learned that Chicago-based National Education was not planning to accept applications for new loans for the spring semester after Jan. 15, though they planned to fund disbursements for students who received loans for the fall. Federal Loans Lose Funders That was the first surprise.
|
