Federal Aid Eligibility

Discussion in 'General Distance Learning Discussions' started by Arch23, Apr 5, 2008.

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  1. Arch23

    Arch23 New Member

    Hello! Does anyone remember the rules for schools to qualify for providing federal aid (Stafford Loans, etc.) to students? I thought that in the past, a school had to be RA B&M and that adjustments were made recently to include distance ed (including online) programs. But while I see, for instance, a purely online university such as Jones International University, qualifying to provide such aid to its students, I don't see any DETC school doing so. On the other hand, if m memory serves me right, I've seen some non-RA ACICS-accredited distance learning schools offering federal aid. Just curious...

    Thanks!
     
  2. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member

    The recent rule adjustment you may be recalling is that, once upon a time, there was a 50% rule (no more than 50% of the degree could be DL). Under that rule, since DETC schools were generally 100% DL (or very close), they did not qualify. With the abolition of the 50% rule, DETC schools can qualify for federal financial aid if the school chooses to participate.
     
  3. Arch23

    Arch23 New Member

    Thanks, Ted. I was wondering what the discrepancy was among the schools. And maybe more students who are already interested in DETC schools would actually enroll if the schools offered federal aid instead of private loans whose interests are higher.
     
  4. BrandeX

    BrandeX New Member

    The route that many seem to be going is getting rid of the loans alltogether. Federal aid still results in a potential large and long term loan. Many detc schools now are offering interest free monthly payment programs instead, which can be significantly better imo.
     

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