Impact of Sequestration on Title IV Student Aid Programs
March 12, 2013
IMPACT OF SEQUESTRATION ON TITLE IV STUDENT AID PROGRAMS
Please notes that all loans are currently being processed under the pre-sequester loan fees as advised by the Department of Education. As such, please be aware that this may impact the net amount of funds you receive where the FIRST DISBURSEMENT on your loan occurred after March 1, 2013 and you may be responsible for repaying the difference between the pre-March 1st and post-March 1st loan fees.
At this moment, we are awaiting further guidance from the Department of Education as to how to proceed with these changes and will provide more information as soon as it becomes available.
Students have the right to cancel all or part of their loan should they decide they no longer need to help pay for their educational costs. If you have any questions regarding canceling your loans, please contact the Office of Financial Aid at (805) 493-3115.