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N.C. community college heads oppose feds’ loans

February 19th, 2011 davidguide

Some community college presidents in North Carolina are banding together against a new law that could make low-interest federal loans an option to nearly 200,000 students, fearing they could lose all financial aid if too many students don’t repay.

Some community college officials want to reverse the law that beginning in July would force all 58 campuses to participate in the loan program. Thirty-eight schools don’t participate now, including campuses in major cities such as Durham, Winston-Salem and Charlotte.

The law passed last year determined the third-largest community college system in the country should make every financial aid option available as the recession sent students – many of them unable to find work in their chosen fields – cramming into classrooms to revamp or hone skills. But some legislators want to allow each campus to continue deciding for itself.

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Posted in Financial Aid Tags: c community, College, community, community college officials, community college presidents, eight schools, federal loans, feds, Law, loan program, Post, recession, work

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