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State budget cuts in recent years have caused California public colleges to deny admission to hundreds of thousands of students.
The average federal student loan debt at the University of La Verne for 2013 is about $22,000, said Diane Anchundia, director of financial aid.
Several University of La Verne students and officials including President Devorah Leiberman met with state legislators last month in Sacramento to protest another cut in Cal Grants.
Defaulting on student loan payments and falling into debt after graduating college is a fear that many students have in common. With the practices of Sallie Mae, a large federal student loan company, working against them, this fear may become more of a reality for some.
When most people leave work they look forward to going home and relaxing, but not in the case of Melissa Lau.
With her easy-going personality and knowledge in the financial aid system, Diane Anchundia feels the responsibility to make the financial aid office more appealing to students at the University of La Verne.
While the University of La Verne had an impressive increase in admitted students, that did not mean tuition was decreased. Instead it was increased 6.5 percent to $33,350 this year.
The Board of Trustees has approved the 6.5 percent tuition increase, bringing the total undergraduate cost to $33,400.
Attention students: Prepare to empty your wallets, max out your credit cards and expand your debt as you pursue your education at the University of La Verne. A 6.5 percent increase in tuition has been approved for the 2012-2013 school year.
Republicans in the Senate blocked the Democrats’ bill Tuesday that would prevent the interest rates of the Stafford Loan from doubling July 1. The interest rate that is currently 3.4 percent would double to 6.8 percent, a price that only adds to the thicket of debt students are fighting.