Word: stafford
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...Harvard's rules do not cover acts of ommissionas much as they cover acts of commission, and in acase where the action is non-malicious, I don'tknow what the violation [is] because Harvard hasnot made that clear," Stafford said. "That is oneof the things they need to make clear...
...particular, Kasich has proposed eliminating campus-based financial aid programs such as Work-Study and Perkins Loans, as well as ending the in-school interest subsidy on Stafford Loans...
Currently, students receiving Stafford Loans are exempt from paying interest until six months after they finish school...
Elizabeth M. Hicks, Harvard's coordinator of financial aid, says the loss of the in-school interest subsidy on student loans would increase the cost of a student's Stafford Loan by nearly 20 percent...
Students borrowing $17,125, the maximum amount allowed under the Stafford program, would either see their monthly payments raised by $41 or their loan repayment time extended by 3.4 years, Hicks says...