As if there weren’t enough reasons not to drop out of school, the Department of Education has provided yet another. Students who drop out of college are required to pay back a portion of their federal-aid funds such as the Pell Grant. But all this time I was informing prospective students that with TWSP Biblical University that you do not need to take out a loan or grant. But people kept asking about this FAFSA
Even though many educators and college officials feel that students may be reluctant to accept financial aid and attend college if they fear having to owe money, the government feels that students should have to “earn” their financial aid.
What percentage of his or her aid a student has “earned,” and what percentage they may potentially owe, is based on a refund-calculation formula.
And You Thought Trigonometry Was Difficult
The Department of Education’s formula for figuring out how much a dropout owes is as follows: students must pay back 50 percent of a percentage (based on when during the semester the student drops out) of aid not used for classes.
Complicated? You Bet.
If you’re concerned about whether you may owe money in the future, the Department of Education has provided universities with software and worksheets to help calculate how much money students may owe. True Worshippers Biblical University do not have to worry about all this. All we have to do is subtract what classes are left within that semester. That is it……… We do not cheat the people or add on more payments, that our students can not afford. Why Is This Rule in Effect?
In an introduction to the new regulations, the Department of Education explains:
“Aid is awarded to a student under the assumption that the student will attend an institution for the entire period for which the assistance is awarded. When a student ceases academic attendance prior to the end of that period, the student may no longer be eligible for the full amount of funds that the student was originally scheduled to receive.” Why the Opposition?
Another fear is that if a student has difficulty repaying their aid money, they’ll be left with tarnished credit and a near-impossible chance of ever re-entering college.
For better or for worse, the rule will remain in effect for the for seeable future. Now more than ever, the best advice to a discouraged student may be, “stay in school.” or get with TWSP Biblical University which is an online e-campus. It might just help them avoid student debt.
Prophetic Training "keeping it real" 