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Student’s Bill of Rights

Posted on February 29th, 2008 by Reecy

“Students have a right to …
1.  Pay off college loans early without incurring an early-repayment charge.
2.  Cancel a private loan within three days of signing an agreement with a lender.
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.
4.  Take […]

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Filed under: 11th Graders, 12th Graders, Financial Aid for Parents, Financial Aid for Students, Reecy Reports

Vassar makes a vain effort

Posted on February 28th, 2008 by Reecy

Vassar announced their new Poughkeepsie High School Scholarship Program, which will begin next fall with the Class of 2012.  It will eliminate student loans from financial aid  and replace them with scholarships.  The sad thing about this program is that it will only be applicable to students who are graduates of Poughkeepsie High School and have spent at least […]

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Filed under: 11th Graders, 12th Graders, Campus Briefs, Financial Aid for Students, Future Transfer students, Reecy Reports

Brown gets the gold

Posted on February 25th, 2008 by Reecy

Another Ivy revises financial aid.  Brown students from families who make less than $100,000 per year will no longer have loans as part of their financial aid packages.
Students from families who earn less than $60,000 will attend on the cheap (free).
The policy also reduces loans for all students who receive financial aid, regardless of income. These new provisions […]

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Filed under: 11th Graders, 12th Graders, Campus Briefs, Financial Aid for Parents, Financial Aid for Students, Future Transfer students, Reecy Reports

FAFSA alert - file now and avoid the rush

Posted on February 22nd, 2008 by Reecy

Every family with a college or college-bound student should file the Free Application for Federal Student Aid (FAFSA) to get into the financial aid system.  There is only so much aid available, and if you wait until you’ve filed your tax returns it could be too late. 
A misconception about the FAFSA is that is can and should be filed […]

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Filed under: 12th Graders, Financial Aid for Parents, Financial Aid for Students, Reecy Reports

Stanford goes loan free

Posted on February 20th, 2008 by Reecy

Stanford University announced that beginning with the 2008-2009 school year, students from families with incomes under $60,000 will get a free ride!  Students from families with incomes under $100,000 will get free tuition.  Think this has anything to do with the fact that their endowment fund was #1 in new money raised last year with $832,000,000?
Tell […]

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Filed under: 11th Graders, 12th Graders, Campus Briefs, Financial Aid for Parents, Financial Aid for Students, Future Transfer students, Reecy Reports

Wellesley College cutting costs

Posted on February 9th, 2008 by Reecy

       Wellesley College announced today a new initiative in its financial aid policies, replacing loans with grants for students from families who have calculated annual incomes below $60,000 and reducing loans by one-third for those with incomes between $60,000 and $100,000.
       The new policy applies to all financial aid awards, including those for current students, […]

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Filed under: 11th Graders, 12th Graders, Campus Briefs, Financial Aid for Parents, Financial Aid for Students, Future Transfer students

Colby College (ME) does away with loans

Posted on February 6th, 2008 by Reecy

Beginning in 2008-09, Colby will eliminate loans from students’ financial aid packages.
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Filed under: 11th Graders, 12th Graders, Campus Briefs, Financial Aid for Parents, Financial Aid for Students, Future Transfer students, Reecy Reports

Northwestern revising financial aid

Posted on February 1st, 2008 by Reecy

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 — […]

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Filed under: 11th Graders, 12th Graders, Campus Briefs, Financial Aid for Parents, Financial Aid for Students

Cornell announces no more loans

Posted on February 1st, 2008 by Reecy

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.
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Filed under: 11th Graders, 12th Graders, Campus Briefs, Financial Aid for Students, Future Transfer students, Reecy Reports

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