Friday, May 03, 2013

HBCUs Trying to Undo Damage Resulting From Federal Parent Plus Loans Revisions - Higher Education

HBCUs Trying to Undo Damage Resulting From Federal Parent Plus Loans Revisions - Higher Education: When Florida A&M University lost nearly 1,000 students at the start of last fall’s school year, it found a significant number of the students were casualties of the federal government’s new and tighter rules governing Parent Plus Loans used by thousands of parents to help pay college costs.

While the U.S. Department of Education, administrator of the PPL program, eventually bowed to demands that the new rules be revisited, it’s still unknown how many families had their loan applications reconsidered and approved.

Today, as FAMU and many other HBCUs heavily dependent upon federal aid for their students rev up their recruiting efforts for the fall, there’s new attention being focused on fixing the damage done by the PPL rules changes.