“Volunteers?” Dean Hughes must have been misled when he thanked all the “volunteers” for coming in the cold, 30°-below weather to listen to his orientation lecture. We were hoping for a report on some spicy subject like the “birds and the bees,” but as it turned out we got the action on student loans at TC.
This was even better! We all like “moola” and almost all of us need it! Dean Hughes let us in on some places to get cheap money. By cheap money I mean low interest rates. There is a Guarantee Student Loan which has only two requirements: your parents must not make over $15,000 a year and you must finish with acceptable grades.
He emphasized that banks loan the money and must be careful, for they are tying up large sums of money at low interest rates. He said juniors and seniors who are doing acceptable work may also apply. Hey, what’s really great, you don’t put out a cent until you graduate!
If you’re in the one or two-year terminal nursing program, they have a loan for you too. Repayment begins after graduation.
To qualify for most of the loans you must show proof of financial need, and for most of us it wouldn’t be hard! If your parents make $5,000 to $6,000 a year and you are an only child, you could probably qualify. Also, if you come from a large family and your parents have an income of $8,000 or less you may also qualify.
Kids, don’t get too excited! There’s a small catch . . . good grades! The college doesn’t require it, but the federal government who loans money does. If you’re a good student you may get up to $1,000 a year and if you’re interested you may obtain an application from the man with the money, Dean Hughes!
Does earning money sound good? TC has a Work-Study Program in which you may earn up to $75 a month and work in your free time. If you are interested, contact Dean Hughes.
He concluded his talk with, “Any student who wants to go to college can.”