• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Education / Students given break again on loan costs

Students given break again on loan costs

February 6, 2004 By admin

Iowa college students will continue to get a break on fees for student loans. Gary Nichols, the executive director of the Iowa College Student Aid Commission, says they’ll continue to waive the loan guarantee charge. He says they’re authorized to charge up to one percent of the loans that students take. He says because of some successful management of their student loan losses, and above-average recoveries and investment of the student loan fun, they’re able to waive the fee for the next year. He says individual students will save between 25 and 75 dollars, but says overall it adds up. He says overall students will save three-point-four million dollars in fees. Nichols says they’ve believe they could continue waiving the fee for another four or five years, but he says they may not have that chance. He says some states have not been able to pass the savings onto students, so he says the Department of Education may mandate the fees sometime in the near future. Nichols says this will be the fifth year they’ve waived the fee. He says the fee waivers since 1999 add up to about 10-million dollars.

Share this:

  • Facebook
  • Twitter

Filed Under: Education

Featured Stories

Iowans 65+ now eligible in next phase of Covid vaccinations

Bill would remove transfer limits in five Iowa school districts

Former Iowa sports talk host sentenced to federal prison for ticket scams

Feenstra only member of Iowa delegation not at Biden’s inauguration

Congresswoman Axne favors Biden pandemic relief plan, Hinson not ruling out a ‘yes’

TwitterFacebook
Tweets by RadioIowa

UNI adds two nonconference games to basketball schedule

Iowa State-Kansas postponed

Iowa-Michigan State postponed

Fire damage to Riverfront Stadium electrical system will cost Waterloo thousands

Iowa State at Kansas State postponed

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC