Keeping it Simple – Managing your Student Loan Debt

Category: Student Information Comments Open
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The U.S. Department of Education will offer qualified borrowers a short-term loan consolidation opportunity from January through June 30, 2012, as announced on October 26, 2011. To help provide guidance to your students, keep in mind the following details.

  • This program is not yet available and not everyone will qualify. Beginning in January, federal loan servicers will contact student loan borrowers who qualify.
  • It’s important for borrowers to wait for eligibility notification and application instructions to determine if they qualify. After receiving instructions, qualified borrowers will be able to apply through a new online process.

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Exit Loan Counseling Mandatory for Federal Loan Recipients Due to Graduate in 2010

Category: Student Information Comments Open
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Thomas Nelson Community College’s (TNCC) Office of Financial Aid has announced that students due to graduate at the end of spring semester who have received a Federal Subsided or Unsubsidized Stafford Loan during their attendance at TNCC are required to attend an Exit Loan Session. The session will provide students with vital loan repayment information.

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Federal Stimulus Funds Help State Board Mitigate Tuition Increase

Category: General News, Student Information Comments Open
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Community college tuition & fees increase less than half of comparable increases at public four-year universities

The State Board for Community Colleges, in a unanimous vote, set the 2009-2010 in-state tuition and mandatory fee rate at $92.70 per credit hour. As a result of the $6.55 per credit hour increase, a full-time, in-state student, taking a total of 30 credit hours, will pay an additional $196.50 for the academic year.

Board members say the increase is essential to serving the record-setting number of traditional students and laid-off workers who are turning to Virginia’s Community Colleges for an opportunity in this recession. More than 16,000 new students began attending a Virginia Community College over the last two years. Enrollment during the recently concluded spring semester was unusually high, up more than 7 percent. Indications are mounting that a similar increase will occur during the summer.

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