by Concerned » Tue Jul 04, 2017 4:15 pm
Concerned wrote:What's the reasoning for canceling the student loans?
From my understanding you're just not allowed to take Pell Grants and other Federal Scholarships.
Do you know if this includes Perkin's Loans and other PLUS Loans?
This is from the Handbook:
"During phase 1, SSPPs may accept funding from sources outside of SMART, including private scholarships, fellowships, grants, and private or federal student loans. SSPPs may not accept funding from federal scholarships, fellowships, grants (including the Federal Pell Grant) or other federal funding sources other than SMART (including Pathways). The only exceptions are salary supplements provided by SFs and Veteran’s Affairs programs (ex: Montgomery GI Bill, Post 9/11 Veterans Educational Assistance Act, the Survivors’ and Dependents’ Educational Assistance Program).
There is no monetary limit on the amount of outside funding a SSPP may accept. Acceptance of outside funding may in no way impact SSA obligations. Receipt of outside funding does not reduce or eliminate the service commitment."
[quote="Concerned"]What's the reasoning for canceling the student loans?
From my understanding you're just not allowed to take Pell Grants and other Federal Scholarships.
Do you know if this includes Perkin's Loans and other PLUS Loans?[/quote]
This is from the Handbook:
"During phase 1, SSPPs may accept funding from sources outside of SMART, including private scholarships, fellowships, grants, and private or federal student loans. SSPPs may not accept funding from federal scholarships, fellowships, grants (including the Federal Pell Grant) or other federal funding sources other than SMART (including Pathways). The only exceptions are salary supplements provided by SFs and Veteran’s Affairs programs (ex: Montgomery GI Bill, Post 9/11 Veterans Educational Assistance Act, the Survivors’ and Dependents’ Educational Assistance Program).
There is no monetary limit on the amount of outside funding a SSPP may accept. Acceptance of outside funding may in no way impact SSA obligations. Receipt of outside funding does not reduce or eliminate the service commitment."