THE
TEMPEST
FAIRFIELD, CALIF. www.solanotempest.net
THE VOICE OF SOLANO COLLEGE
VOL. 30, NO. 7
D E FA U LT
DEC. 4 - JAN. 28, 2013
Unpaid student loans put Solano at risk of losing federal aid
Rachel Sison Features Editor
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rsison@solanotempest.net
Solano College is scrambling to solve the issue of a high rate of unpaid student loans that could endanger eligibility for federal funding in the future. Solano’s cohort default rate (CDR), which measures the percentage of a school’s students who have defaulted on their student loans, is 31.29 percent. Schools with CDRs over 25 percent can lose their eligibility for federal student loans and grants.
“We have three years to clean that up,” said Robin Darcangelo, who is Solano’s Associate Dean of Students, Financial Aid, EOPS, and Veterans. To prevent sanctions, SCC has formed a task force to lower the current cohort default rate. “This taskforce is looking at many, many different aspects of data, analyzing it right now,” Darcangelo said. “So we’re looking at why students that had loans defaulted and we’re trying to develop some criteria so we can build on the suc-
Solano’s cohort default rate (CDR)
cess plan for students.” Currently the taskforce is focusing on helping students who are in delinquency status. Delinquency is when a borrower misses a scheduled payment. Being in delinquency means that although students have missed payments they can still be saved before they default. Once a loan goes into default, more serious consequences can occur. “We have 77 students currently that are delinquent that we’re reaching out to,” Darcangelo said. “To help them get
their loan back in good status, so that they don’t impact our next year rate.” “Default is a critical place to be for students, because if you are in default you would not be able to receive any more Title IV funding whether it be at Solano or any other college across the nation,” said Darcangelo. Title IV funding includes Federal Direct Loans, Federal Family Education loans, and Pell grants. Students who default on their loans may be subject to seizure of their wages, disability income, tax refunds, and may lose their eligibility for future loans or Pell grants. It also can impact their credit: students may be denied credit cards, loans, a job, or may be forced to pay a higher interest rate on current loans and credit cards, and pay more for insurance. According to ASA.org, a private non-profit that helps students manage debt, there are ways for a student to get out of default. These may include paying off the entire loan, entering a loan rehabilitation program, or consolidating out of default. Doing so means that a student can regain their eligibility for financial aid and their wages and tax refunds will not be seized.
What’s your priority? Don’t let new state laws catch you off-guard Deborah Graham Online Editor dgraham@solanotempest.net
Some California community college students may be in for a big surprise next year when they log on to register for classes. A slew of new state rules are taking effect next year that could mean many students will lose their priority registration if they don’t take certain actions such as declare a major and complete assessments, orientations, and counseling sessions, or have taken over 90 units. The end result may be that many students will find it difficult to get the courses they need.
“Priority registration will be affected this coming fall and some students will lose their priority. They will still be able to take classes but will have to wait until everyone else is registered.”
-Barbara Fountain
The most important change affecting Solano Community College regards priority registration. Barbara Fountain, associate dean of admissions, assessment and scheduling, is the head of Solano’s Student Support and Success Program Task force. The task force consists of faculty, students,
administrators, and classified staff, whose job is to take the state’s recommendations and figure out how to quickly implement them. The majority of the recommendations fall under Admissions and Counseling and
instruction. The biggest impact affects priority registration. “Priority registration will be affected this coming fall and some students will lose their priority. They will still be able to take classes but will have to wait until everyone else is registered. Students who reach 90 units will now lose their priorities,” said Fountain. “Some exceptions are some of the basic skills courses such as English 370 and math 330. I think it is im-portant students understand this is not something Solano College is doing but a mandate from the State. ” Priority registration also affects students 8SEE PRIORITY, PAGE 6
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