Word: ndsl
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Hundreds of University-employed students receiving National Direct Student Loans (NDSL) may be forced to quit their jobs within a few weeks, financial aid officials said yesterday...
...students using the NDSL-500 of 1600 in the self-help program--may contine to work only if they use their in-come to repay their loan. But because most students prefer to pay back their loans after graduation, they will leave their jobs instead, Elizabeth Hicks, director of financial aid for freshmen, said yesterday...
...bill, which will become effective in 1981-1982, raises the loan ceiling on National Direct Student Loans (NDSL) from $5,000 to $6,000 for undergraduates and from $10,000 to $12,000 for graduate students...
However, the interest rates on both types of loans have been increased--from 3 to 4 per cent on NDSL and 7 to 9 per cent on GSL loans...
...reduction from nine to six months in the grace period before repayment of NDSL and GSL loans begins...