Attention all DU college students or alumni! I need some more advice!

[cssmall]

My school is really doing something odd with the student loan disbursements this year. The finanical aid disburses on the 12th according to our computerized information system and the treasury office says the 18th of August. Now, I understand the laws behind having to wait 10 days before the start of classes to get our money (which is Friday); however, I don't want these fuckers making interest off my money (which still is laundering if you ask me, because it is not their money they are making interest off of). Is there anything or any advice someone can do to help on here? It would be greatly apprieciated.

[Maddy McCall]

1. Give it up. There's really nothing you can do.

The college should not and won't cut checks to students until it is sure which students will be attending. Just be glad that your university doesn't wait until the roll is finalized (three weeks after school begins) to cut checks. That's standard operating procedure in many colleges. And it's not illegal.

[cssmall]

2. Not the school I attend, they don't care.

In the by-laws, you can get your money before the start of classes (because they give it to the students before the start of classes) and should you not attend or withdraw, they demand the money back at that time. Nor is it the school that demands it back, it is the loan company and should you not subricate, then you will be sued. At least, that's the way the by-laws work here.

On Edit: In fact, the by-laws state that they give the money exactly 10 days before the beginning of any given semester.

[Maddy McCall]

5. This is a public university?

Oh well, my philosophy has always been that you should count your blessings that you CAN attend college instead of working in a dead-end job for the rest of your life. What's a week's delay in the grand scheme of things?

[cssmall]

7. Well, I view as this:

The university is making interest off my money and to me, that is not a fair policy, because they have a huge bank account at my bank that pays interest daily (know an insider). Normally, I wouldn't give it a second thought, but they are being more than greedy and it's just a bit of spite over the tuition raise.

[DS1]

4. Yeah. Dammit. The school I was in wouldn't send out the GI Bill enrollment

forms until the add/drop period was over - so every fall there was a huge wait for that first check to show up, often well into the second month of class before we got paid. Granted, =that= check was nice, but the bills didn't give a damn if we were getting paid handsomely - next month.

In hindsight, it lead to some creative usage of existing funds, basically learning to redefine luxury and shut it all down. Which is the Republican argument for cutting welfare, but I'm far from a single mother of two trying to get through school and work and feed my kids at the same time.

[happyslug]

3. Hay this is an improvement from when I was in School

I started in September and my Student loan money would reach the school sometime in November and be dispersed. The Winter/Spring term was just as bad. I survived on Credit Cards in the Mean time (and this was the late 1980s, not THAT long ago).

[Maddy McCall]

6. Yep. It was that way just eight years ago.

[cssmall]

8. It was that way when I first started school, but in 2001 they changed

the policy.

[happyslug]

9. When I was in Undergraduate School 1977-1981

That was the best time to go to school, my grants paid all of my tuition except for my lat year where it only paid 95% and I had to take out a low interest (3%) loan for. How things changed between 1981 when I graduated College and went back to law School in 1986. Part of the difference was I was going to a "Graduate School" but the greater Difference was the switch from grants to loans (I had younger Siblings in Collage who told me of the Switch).

The Democratic Congress of the 1970s pushed through some of the best educational programs this country has ever seen. Reagan did his best to destroy them and what he failed to kill he converted to "Loans" from the previous "Grants". One way Reagan changed the law was to permit the States to delay paying the Loans till late in the Semester on the grounds people were registering for Classes, getting the loan money and than leaving Collage with the money. Reagan said no payment until after registration, and than the states kept pushing back the payment date further and further back so to get interest on the loan money they were holding. Thus by the mid 1980s payments were bing made in November.

Bush tried to kill it further but ended up getting a lot of Republicans mad at him for trying. Clinton such maintained the Status quo but did force through the reforms that forced the States to pay within days of their Registration. It is a small improvement, not like the late 1970s but not as bad as the mid 1980s to late 1990s.

[ChoralScholar]

10. My wife (elfrangel) is starting back to school

also in Arkansas, and her college is not disbursing Pell until Sep 13, and not disbursing Federal loans until the 4th week of Sep.

WTF is the problem with these places?