Show U J r 1 c r 2 I z 4 c v 1 cr cg I I y Don Dont Don't t steal my money h j pay p a y back b b. b a c k k your you y o u r debt db d e b t 04 i N J J SUE UE Ann a continuing student at applied in December for a a Guaranteed Student t Loan and has not yet lr received her Iier check heck Bill a a. 29 year old first time Jim student applied this thi quarter for a G L only to o di discover cover that h he would not be A ing his hs money until after the first 30 tp Jays days ys of pJ attendance Why are these two people P 9 l aJ and d many more like them finding it fa difficult ff to obtain a student loan It Acc According to Marie Mari Konnick Konnick a a. a tech- tech v. in financial Ai Aid the answer is s Simple default mp default e-default Konnick s said the lithe s school hoof is is' it Tat at risk in losing our money du due to default Many students are taking out Joans loans and not paying them back A counselor with th the I federal Feder l Student Aid Information Center said aid When a student defaults default on a a. a loan Ko the the lending institutions become hesitant to give out money to new borrowers In other those of us who need the extra 1 t. t t noney ney for schooling wont won't ge get i it be because e it isn't there Under the program loans ar are available available available avail avail- able to undergraduates s graduates or br stu- stu stu students students dents in professions processions A A pamphlet p put out by bythe bythe bythe the Utah Higher Education Assistance Authority states The liThe Stafford Student Loan now called is a federally subsidized loan made to qualifying students to attend institutions of post secondary education During the time Ume the student is in school and for Jor six months after the student leaves school the federal government p pays ys the interest interest interest in in- terest on the loan to the holder of the loan Before Defore enter into a contractual you agreement agreement agree agree- ment with the school you should calculate the total cost of the educational program V you are aIe interested in In those thoe costs you should include tuition fees b books ks housing transportation and personal expenses The altern alternatives sh should uld be thoroughly examined If I. yo you the borrower feel that there might be a possibility that in the future fiK fu- ture you will default choose an another ther route Borrowing should always lw ys be be bethe the h l last resort e 7 i S S Nadine Sharpe 40 lit |