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Student Financial Aid News

From the Chronicle:

Enrollment at many community colleges is rising so fast that the colleges have run out of space for classes. A number of the institutions have seen double-digit increases as the economy has imploded, and their administrators have converted conference rooms, lounges, and computer labs into classrooms, in addition to scheduling courses on Friday nights, on weekends, and as early as 6 a.m. Even so, thousands of students are being shut out of courses they had hoped to take.

Commentary

As we mentioned previously, the fastest way for any school dealing with capacity issues to address them is with an online degrees program. There’s less infrastructure to build, fewer staff to employ, and the technology scales well.

If you’re looking to go back to school but are facing classrooms bursting at the seams, inquire about an online degree program.

From NASFAA:

“Bob Andelman wasn’t just shocked that someone would steal the identity of his 80-year-old mother-in-law to get a loan,” the St. Petersburg Times reports. “What was more shocking to him was how poorly executed the fraud was and how easily everyone fell for it. ‘They put a picture of a young blond woman onto my mother-in-law’s photo ID,’ he said. ‘But they left all the other information the same. The birthday says 1928.’ And what kind of loan was 80-year-old Helga Holsten’s name used to obtain? A student loan, police said. The fraud was perpetrated by Risha Renee Shaw, according to St. Petersburg police, who arrested her Friday on two counts of exploitation of the elderly and two counts of identity theft. Shaw, 30, was being held at the Pinellas County Jail in lieu of $40,000 bail.”

Commentary

A reminder that with all federal student loans, if a loan is taken out fraudulently, the debt is considered unenforceable and should be dismissed by the lender. If for some reason you are not able to get a debt dismissed by the lender, contact the Ombudsman of Federal Student Aid for assistance. Be prepared to file a copy of your police report and any other documentation providing evidence of fraud.

You can also contact the Department of Education’s Office of the Inspector General as well.

Scholarship Update

The AARP Foundation’s Women’s Scholarship Program provides scholarship funds to women 40+ seeking new job skills, training, and educational opportunities to support themselves and their families. The AARP Foundation Women’s Scholarship Program is available to eligible individuals with moderate to lower incomes and limited financial resources. Who is eligible to apply? To be eligible for the scholarships, applicants must be: * Women * Age 40 or over by March 31, 2009 * Able to demonstrate financial need * Enrolled in an accredited school or technical program within 6 months of the scholarship award date.

Details at our free college scholarship search site.

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