File now to borrow later
By Joel Strauch
Staff Reporter
The increasing costs of college tuition have
consistently been greater than that of inflation.
The University of Nebraska-Lincoln is no ex
ception.
Due to this expensive statistic, many incom
I ing freshmen will join returning students in the
line outside of the Scholarship and Financial
Aid office.
Geri Larsen, Financial Aid specialist, said
that new students need to be aware of the
application processes for both scholarships and
student loans.
To be eligible for UNL scholarships, stu
dents must be admitted to UNL and be enrolled
in at least six credit hours each semester.
Incoming freshmen must complete the Ap
plication for Freshman Scholarships (available
October 15) by December 15 and take the ACT
or SAT by the December test dates.
“It is very critical for students to pay atten
tion to these deadlines,” Larsen said.
“The university gives around $3 million in
scholarships to freshmen each year.” she said.
Students interested in their eligibility for
grants and loans need to first complete the Free
Application for Federal Student Aid (FAFSA)
and mail it to the federal processor.
Their next steps depends on their need and
eligibility.
“The entire process usually takes around
eight to ten weeks,” Larsen said.
While many of the scholarships, grants and
loans are based on financial need, there is a new
loan that any student who has gone through the
application process is eligible for, she said.
“The new, unsubsidized Stafford loan is a
low-interest loan that is available to students
regardless of financial need,” she said.
-M
It is very critical for students
to pay attention to these
deadlines.
—Geri Larsen
Financial Aid specialist
-tt -
“Freshmen can borrow up to $2625, sopho
mores can borrow up to $3500, juniors and
seniors can borrow up to $5500 and graduate
students can borrow up to $8500,” Larsen said.
Although students are responsible for inter
est payments, the loan is a variable interest loan
capped at 9 percent (8.25 percent after July 1)
and is currently around 6.2 percent, she said.
In addition to making sure that they meet
deadlines and fill out the proper forms, there are
other things that students can do to ensure rapid
processing of their scholarships and loans.
“Students need to respond to requests that
the Scholarship and Financial Aid office makes
as quickly as possible,” Larsen said. “And they
need to be sure and ask questions if they have
them.”
■ 1 ■ i
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ROTC is open to freshmen and sophomores without obligation
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MS ill_The Role of the Army ia Society (1 credit hoar)
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For more information during New Student Enrollment, contact
lieutenant Colonel Stephen Goodrich at 472-2468/2460.
■
ARMYROTC
THE SMARTEST COLLEGE
COURSE TOO CAM TAKE
"I didn't
know that about
Planned Parenthood."
If you're like most people, you probably
think that Planned Parenthood is only con
cerned with birth control
and sex counseling. But
take it from someone who
knows firsthand-Planned
Parenthood is commited
to all the reproductive
health care needs of
women of all ages.
They offer a wide range
of services, including gynecological
exams; breast exams, pregnancy testing,
counseling and referral; Pap tests; testing and
treatment of sexually transmitted diseases,
plus HIV testing, counseling and referral.
For more than 75 years, Planned
Parenthood has really cared about people.
From my first visit, I found them kind,
sensitive, courteous, and very professional.
And everything is confidential. Although
I can afford to go anywhere, you won't find
me any place else!
So, if you're planning on a
lifetime of excellent health,
call Planned Parenthood today.
For an appointment,
Call 476-7526,
|pj Planned Parenthood
2246 “O” St. Lincoln