Financial Aid in the News

Florida: Community College Students Turned Away For Loans (WCTV)

"Tallahassee Community College has more than 14,000 students. About five to six thousand of them depend on loans to get a quality education... but many are finding out that education is not valued as much by banks," WCTV reports. "Some lenders say community college students attend inexpensive schools, shorter loan periods and are less likely to get good jobs. For lenders that adds up to higher default rates. CitiBank, SunTrust and Chase Manhattan are no longer giving loans to TCC students. For TCC's Financial Aid Director Bill Spiers the practice is irrational since 80 percent of TCC students go on to earn a bachelors degree. But Spiers says aside from unreasonable, it's also unfair."

You can read the complete May 13, 2008 WCTV article on-line.

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