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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (Sept. 20, 1982)
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Fifth Street 343-3331 Missing forms foul-up aid New federal law passed unnoticed By Debbie Howlett Of lit* Emm akl Nearly a quarter of the University students applying for financial aid will not receive their money at registration because they have not turned in all of the necessary forms, says a representative of the Univer sity financial aid office As many as one of every four students eligible for aid had not completed all of the necessary forms two weeks prior to the first day of registration, Carol Ri chard, assistant director of fin ancial aid says The figure is based on the the total number of students receiving aid last fall versus ine roiai number of students who have complet ed all of the appro priate forms thus far Though no one is able to document it, the student's financial aid files most likely lack copies of in come tax returns. Last spring the federal government required that all recipients of federal aid provide proof of in come via copies of the ap plicants IRS tax form Richards says that the IRS form as well as corrections, revisions and up dates are likely to be missing and likely to cause fiscal foul ups at registration When the student registers, if information is still needed, the financial aid office can not dis burse any money Richard says the situation is not really the financial aid of fice's problem "I'd say there is a problem," Richard says "We re anticipat ing a problem, but it’s the student's problem ” If the financial aid office seems unsympathetic to the problems likely to befall the students with incomplete files, it is because the students were notified, well in advance of registration, that they needed to complete or update their file, Richard says "It's the students own fault," Richard says, adding that the notifications went out as early as May and at the latest in July And when the students do try and complete their files, it may be a slow process Richard says the financial aid office has not yet been able to determine how “There is a problem — but it's the student’s problem." soon, or how long, it will take to get the students aid disbursed once the forms are complete But, depending upon the situa tion, Richard says, it could take from two to ten weeks As an example, Richard uses the two week scenario If the student is already in the Univer sity’s "system,” if an IRS form is all that is needed, and if the form agrees with estimates on the students financial aid applica tion, the money would be available in two weeks Any other situation, depending on what the situation is, would take longer The only relief available from the financial aid office for students who may not receive all or part of their aid, is a short Placement issues job directory The University Career Planning and Placement Service has published a directory of the major employers in the Pacific Northwest, northern California and the San Francisco Bay Area to help University students, alumni and others during job searches Because many people use geographic considerations when applying for a job, the directory is organized by states, says Larry Smith, director of career planning and placement The new publication can be purchased for $5 at the Career Planning and Placement Office, Susan Campbell Hall. term emergency loan But the emergency loans are only available to students able to pay at least one-third of their tuition, Richard says The best way to check whether your file is up-to-date, or if forms are missing, is to phone, or drop by the financial aid office, according to Richard Nationally, the financial aid picture has been one of change and a lack of funds. University's had not, by mid-September, received word on the amount of money the federal govenment will award each institution The award letters regulate the amount of federal aid the insti tutions may disburse Some institutions, the University of Florida is one, have not been able or have been unwilling to disburse any money until the federal government decides just how much funding they will receive At the University, Ed Vignoul said, earlier this summer, aid allocations will be ready for students the day they register for classes — provided their files are up to date and complete — and that the grants are based on Bignoul's best estimate of what the University will receive from the federal government Also in the national spotlight is a ruling, by the Department of Education, that will deny federal money to institutions with too high a default rate on federally funded student loans. In the criteria that defines a "high" default rate, there is no specific figure, but colleges with 10 to 25 percent default rates may still qualify for the federal money, provided they’ve shown "substantial reductions" in the previous years figure Institu tions with loan default rates above 25 percent will be disal lowed funding Congress still has the author ity to allow the rule or over-ride it Around the state, the Oregon State Scholarship Commission is trying to institute a new finan cial assistance program called the Parent Loan Program." DISTINCTIVE DINING IN A RELAXED ATMOSPHERE Lunch and Dinner plus Sunday Brunch RESERVATIONS 342-5231 2200 CENTENNIAL BLVD.
