Saturday, October 6, 2018

Subsidized Stafford loan at risk of termination - Taylor Adams, Iowa State Daily

“Any given year you have about 70 to 80 percent of our students who are receiving financial aid of some sort or another,” said Roberta Johnson, director of financial aid. One widely utilized form of financial aid, the subsidized portion of the Stafford loan, is not part of President Donald Trump’s 2019 budget proposal. “It means this is going to make college more expensive for the neediest students,” Johnson said. “Right now, the neediest students don’t have to pay interest while enrolled in school.” The students most in need of financial help would have additional barriers in coming to Iowa State and might cause them to not enroll. In fact, Johnson said, over 30 percent of students nationwide decline student loans that are not subsidized. http://www.iowastatedaily.com/news/subsidized-stafford-loan-at-risk-of-termination/article_f3bb0912-b9dc-11e8-bd0a-9f2a22bb8cab.html