Obama student loan reform plan

"The Obama administration on Thursday laid out a bold plan that would turn the Pell Grant program into a true entitlement for low-income students and pay for it in part by eliminating the Federal Family Education Loan (FFEL) program once and for all...

The Obama administration doesn't see the need to keep propping up FFEL when there is a less costly, more stable alternative in place. "The Direct Loan program, which uses market processes to determine subsidy payments to servicers, has suffered no disruptions and continues to function at lower cost to taxpayers," the budget overview states. "The Administration's goal is to continue to tap low-cost, stable sources of capital so students are ensured access to loans.""

To read complete article, http://www.newamerica.net/blog/higher-ed-watch/2009/obamas-bold-proposal-10376

FInancial Aid at NYCTCM

For questions about financial aid programs at New York College of Traditional Chinese Medicine in Mineola, NY please visit the NYCTCM website financial aid page. You can reach the NYCTCM Financial Aid office by phone at contact the Financial Aid office by phone at 516-739-154.Information on financial aid is also presented at NYCTCM Open House's for prospective students. 

As of June 2009 NYCTCM offers the following financial aid programs:

NYS Tuition Assistance Program (TAP) grants, and Federal Stafford Loans, subsidized and unsubsidized, FFEL loans and PLUS loans.