Board of trustees ponder tuition hike
Miles Bryant
Issue date: 11/7/08 Section: News
"Then we will look at it, and if it follows a certain criteria, then we base their FASFA on their projected 2008 income, and it might make them eligible for a grant," Wing said.
"The program is federally funded, and right now the federal government has overspent their allocations for the program, but they've also stated that they are going to fund it," she said. "They'll come up with the money somewhere else. Our loans are funded through local banks. They have an avenue in which they can sell their loans to the federal government if they need to, to ensure that they have funding to make new loans for students."
The education of students from middle-class families is the most in jeopardy to be taken away.
Freshman Taylor Riddle, a public administration major, was recently rejected when he applied for a student loan.
"Across the board of America, universities have had to raise tuition, sadly because of the economic crisis we're in," Riddle said. "It's sad that we have to put a price on education, but we have to find a solution quickly to be able to drive college prices down to where students can afford to pay for their education."
Riddle was able to work with home community leaders across the state that advocated with him through the UA to find a solution so he could stay in school.
"Fortunately, I found a solution, but I think there will be a lot of college students that can't find a solution and will have to drop out of school," Riddle said.
"The program is federally funded, and right now the federal government has overspent their allocations for the program, but they've also stated that they are going to fund it," she said. "They'll come up with the money somewhere else. Our loans are funded through local banks. They have an avenue in which they can sell their loans to the federal government if they need to, to ensure that they have funding to make new loans for students."
The education of students from middle-class families is the most in jeopardy to be taken away.
Freshman Taylor Riddle, a public administration major, was recently rejected when he applied for a student loan.
"Across the board of America, universities have had to raise tuition, sadly because of the economic crisis we're in," Riddle said. "It's sad that we have to put a price on education, but we have to find a solution quickly to be able to drive college prices down to where students can afford to pay for their education."
Riddle was able to work with home community leaders across the state that advocated with him through the UA to find a solution so he could stay in school.
"Fortunately, I found a solution, but I think there will be a lot of college students that can't find a solution and will have to drop out of school," Riddle said.
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