WHAT: Many of the more than 100,000 current students displaced by recent hurricanes are desperately trying to work out how to ensure they receive adequate financial aid to cover the costs of tuition and housing. The issue is likely to become increasingly important in the coming weeks and months as the Department of Education, the Senate and the House of Representatives, among others, consider plans that would offer financial assistance to those students affected by recent natural disasters in the Southern U.S. While many details are still unclear, there are immediate steps student loan borrowers should take to protect themselves and ensure they receive the financial aid they deserve.
WHO: Mark Brenner, nationwide financial aid expert, regular contributor to television and major newspapers, vice chairman and executive officer of College Loan Corporation.
WHEN: Brenner is available for live and taped interviews through the week of October 3, 2005.
WHY: The last thing families and students displaced by recent hurricanes need to be thinking about is financial aid and student loans. But many can’t afford NOT to. There are simple steps every student and family should be taking to ensure they receive adequate financial aid. Mark Brenner, one of the nation’s leading experts on paying for college, talks through five steps that students and families can take to help them through this difficult transition. He explains:
- How you can get additional financial support if you need it;
- Which entities can help and how you stay in touch with them;
- How to transfer loan funds and federal grant aid to your new institution;
- Why you should use existing resources to avoid defaulting on loans;
- Where you can turn for additional help and resources.
More about Mark Brenner
Mark Brenner is one of the nation’s most seasoned experts in financial aid and student loans, with extensive experience advising students and families. He regularly appears on national television, radio and in personal finance columns. Based in Washington, D.C., Brenner is currently vice chairman and executive officer of College Loan Corporation.
More about College Loan Corporation
College Loan Corporation, based in San Diego, is the nation’s leading student loan provider with $12 billion in student loans originated to more than 500,000 students and their families. College Loan Corporation makes higher education possible through innovative loan products and industry-leading service. College Loan Corporation’s student loan advice line offers expert Loan Consultants available 24 hours a day, 7 days a week at 1.800.2COLLEGE. For more information on College Loan Corporation, visit www.collegeloan.com.