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In the Fifth St. Public Market
296 E. 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."
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