FINANCIAL AID NEWS:

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FINANCIAL AID NEWS:

Q: Will changes to the DEAL Loan affect me….?

The Department of Education has announced that all Private Loan Lenders (i.e. SELF, DEAL, SallieMae) will be required going forward to provide disclosure statements to all borrowers as a way to inform and education students about their federal and private loan options.

A: Yes.  Here’s what you need to know:

  • Current students who have a pending DEAL application on file that is not “Waiting to be Certified” by IPR have until Friday, February 12, 2010 to complete their loans.
  • Students who complete a DEAL Loan after February 14, 2010  will be subject to new deadlines and disclosures.  THIS CHANGE WILL DELAY THE TIME IT TAKES FOR AN APPROVED LOAN TO BE RECEIVED.  Please plan accordingly.  If you have a DEAL application started, we strongly encourage you to complete it before the new changes take effect.

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NEW SCHOLARSHIP OPPORTUNITIES:

Each week we will be including new scholarship options as they become available.  For the latest information, please visit the Financial Aid Board in the hallway outside of Financial Aid.  Opportunities will be posted immediately for students as they come in.  This week’s scholarship’s:

James “Rhio” O’Connor Memorial Scholarship Fund

Provided By: Cancer Monthly, LLC

Deadline: February 26, 2010

Type of Award: Scholarship

Amount: $5000

Website: http://www.cancermonthly.com/scholarship.asp

Applicable Majors: All Fields of Study

Description:

The James “Rhio” O’Connor Memorial Scholarship Fund is only open to currently enrolled college/university students in the United States (High school students are ineligible). To qualify, you must write an essay about what you would do if you faced the same challenges that James “Rhio” O’Connor faced. For example, what steps would you take if you were given a dire cancer prognosis? How would you conduct your research and make an informed decision when choosing a treatment? Would you look beyond chemo, radiation and surgery if they had little to offer? What resources would you use to make an informed decision? For more information and to receive a scholarship application please visit: http://www.cancermonthly.com/scholarship.asp.

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Brickfish “Best Toy Ever” Contest

Provided By: Brickfish

Deadline: February 22, 2010

Type of Award: Promotion

Amount: $500

Website: http://www.brickfish.com/Lifestyles/BestToyEver

Applicable Majors:

All Fields of Study

Description:

The Brickfish “Best Toy Ever” Contest is available to students over the age of 15. You must be a resident of the United States or Canada and have internet access. You must submit a photo with description, blog or video featuring what you think is the “Best Toy Ever!”.

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