In an attempt to help students make up the shortfall, the state has funded a 1 percent student loan program and a matching loan program, The Student Access Loan.
Approved in 2008, neither program was funded until this year. The state has now provided $10 million for each program. The 1 percent program has few requirements, but the Student Access Loan is a last resort. Students can get up to $10,000 a year, up to $40,000, and be charged a 1 percent interest rate and have to pay back the loans within 10 years of graduation.
“The program is designed to be funding of last resort for college students who have a gap in their college financing,” said Rob Douthit, director of media relations University of West Georgia
Read more:Times-Georgian - With new funding options some hope is returned to students
Approved in 2008, neither program was funded until this year. The state has now provided $10 million for each program. The 1 percent program has few requirements, but the Student Access Loan is a last resort. Students can get up to $10,000 a year, up to $40,000, and be charged a 1 percent interest rate and have to pay back the loans within 10 years of graduation.
“The program is designed to be funding of last resort for college students who have a gap in their college financing,” said Rob Douthit, director of media relations University of West Georgia
Read more:Times-Georgian - With new funding options some hope is returned to students
No comments:
Post a Comment