heh kick the students on the way in and then on the way out. Then on the way in and out again if it's for grad school. ;)
The repeated coursework entry makes all kinds of sense and is completely fair. More than fair, probably. --------------------------------------------- Rebate Elimination The Federal Direct Loan Program will no longer offer upfront rebates on origination fees starting with loans disbursed after July 1, 2012. The origination fee for Federal Direct Subsidized and Unsubsidized Loans remains at 1.0%. The origination fee for PLUS loans remains at 4.0%. Grade Period Interest Subsidy Elimination Federal Subsidized Direct Loans disbursed between July 1, 2012 and July 1, 2014 will no longer receive a grace period interest subsidy. For loans disbursed between these dates, interest will accrue to the student during the six month grace period provided to students when they are no longer enrolled at least half-time. Subsidized Direct Loan Elimination for Graduate Students Beginning July 1, 2012, graduate and professional students are no longer eligible to receive Federal Direct Subsidized Loans. The graduate Direct Loan program will become entirely unsubsidized, which means loans will accrue interest while a student is in school. The annual loan limit for graduate and professional students remains unchanged at $20,500. This change does not affect Federal Direct Subsidized Loans previously borrowed. Pell Grant Changes effective July 1, 2012 Students may receive a Pell award for a maximum of 12 semesters (6 annual awards). The annual Pell grant maximum remains at $5,550. However, the maximum Expected Family Contribution (EFC) for Pell eligibility has been reduced to 4995. Repeated Coursework Federal aid will not pay for the third attempt of a class already successfully completed. When a passing grade is earned, federal aid will only pay for one additional attempt for the same course ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:348567 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
