New Regulations
July 1, 2011 kicked in new regulations for schools. Since I work in the field of beauty schools and have some of the first-hand changes in regulations.
Financial aid has tightened up the ropes for the students who come to school when they get good and ready to show up. There is no more counseling sessions, no more warning after warning. Now it's we'll tell you once and after that your financial aid has been cut off like water.
Why? It has been proven over time that students with bad attendance histories will most likely default on their student loans and those who come to school as scheduled are most likely to repay their loans as scheduled. So to cut their loss, they are cutting off students loans like nobody's business.
Financial aid has tightened up the ropes for the students who come to school when they get good and ready to show up. There is no more counseling sessions, no more warning after warning. Now it's we'll tell you once and after that your financial aid has been cut off like water.
Why? It has been proven over time that students with bad attendance histories will most likely default on their student loans and those who come to school as scheduled are most likely to repay their loans as scheduled. So to cut their loss, they are cutting off students loans like nobody's business.
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