What an asshole... -----Original Message----- From: Judah McAuley [mailto:ju...@wiredotter.com] Sent: Wednesday, March 14, 2012 4:16 PM To: cf-community Subject: Re: Hey look, gubment is cutting costs.
I heard that Obama is a snob for wanting everyone to be able to attend college. On Wed, Mar 14, 2012 at 2:08 PM, PT <cft...@gmail.com> wrote: > > 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:348571 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
