$tevie wrote:


BUT suddenly, after a student HAS decided and informed the college of their choice that they have chosen THEM, this for-profit college calls (weeks after the entire process is done and laid to rest) and says, Don't go there, go here. Here's $5,000 out of the blue to sweeten the pot.

Does that explain it better?

$tevie wrote:
We have a budget for each fiscal year and part of that budget is for financial aid. Yes, that yearly allotment can and is depleted. We have found work arounds in emergency situations such as 2008 when so many parents lost their shirts but it required raiding other parts of our budgets and was frankly painful.

Also, we are not going to start playing games like that. It is, as they say, a slippery slope and we can't start raiding other budget lines to play it.

Under a loophole in federal financial aid laws, schools that are institutionally accredited may offer individual programs that lack state licensing or programmatic accreditation, even when they are required in order for their graduates to enter the occupation they were prepared for. Students enter these programs believing that they are preparing for a job in that field, only to discover after graduating, often with heavy debt loads, that they are not qualified to work in that field or take an occupational exam. The Protecting Students from Worthless Degrees Act would require programs offered by institutions to meet any state licensure requirements and programmatic accreditation that is necessary for entering an occupation in order to receive taxpayer-funded tuition such as Pell Grants, Stafford Loans, G.I. Bill benefits, or Department of Defense Tuition Assistance funds.

$tevie wrote:
Mikulski, Harkin, Merkley Introduce Legislation to Stop Colleges from Peddling Worthless Degrees

Under a loophole in federal financial aid laws, schools that are institutionally accredited may offer individual programs that lack state licensing or programmatic accreditation, even when they are required in order for their graduates to enter the occupation they were prepared for. Students enter these programs believing that they are preparing for a job in that field, only to discover after graduating, often with heavy debt loads, that they are not qualified to work in that field or take an occupational exam. The Protecting Students from Worthless Degrees Act would require programs offered by institutions to meet any state licensure requirements and programmatic accreditation that is necessary for entering an occupation in order to receive taxpayer-funded tuition such as Pell Grants, Stafford Loans, G.I. Bill benefits, or Department of Defense Tuition Assistance funds.

http://www.mikulski.senate.gov/media/pressrelease/8-1-2012.cfm