SG too closely affiliated to UT to discuss private loans

The Daily Texan Student Government’s initial decision to inform students about the B-On-Time loan has been halted because, according to federal law, the organization is too closely affiliated to the University. The B-On-Time program is a no-interest state loan that is fully forgiven if a student graduates on time with a GPA of at least 3.0. … Continue reading SG too closely affiliated to UT to discuss private loans

Advisers legally restricted from providing students with certain loan information

The Daily Texan Federal laws that restrict what loans advisers are allowed to mention to students mean that students are not provided with information that could save them money, according to Tom Melecki, director of Student Financial Services. Federal law currently prevents institutions from recommending, promoting or endorsing private student loans, which are defined broadly enough … Continue reading Advisers legally restricted from providing students with certain loan information