New College Independent Alumni/ae Association

The following notice is from the New College website. The office was also closed most of the first week of October as well. Students should expect this one to two month (or longer) delay in student loan money to be the norm each semester. For those struggling to survive without timely loan disbursements, they should note that this situation was brought on by the trustees of the school and their misfeasance over the past decade. Students who want to see this remedied might want to get involved with the student council.

Please note: the Financial Aid Office will be closed for processing from October 8 through October 13. We will re-open our office on Monday, October 15.

This closure is necessary in order to submit students’ financial aid files for review to the Department of Education. In order for any student to receive their financial aid funds, we must submit all files for review to the Department. It is crucial we ensure that all files are submitted without packaging errors. If the department finds anything incorrect, they will return it to us to correct. If this takes place then it will delay the disbursements of those students’ funds an additional 30 days. Also, if we are not able to submit files with less than a 10% error margin, the Department can restrict or even eliminate our ability to participate in any Title IV funding. Because of this, it is important that we are able to review files without distraction. Please be patient. We are doing this in order to get the funds that all students have been requesting to them. Thank you for your patience.

Rose Stadler
Director of Financial Aid

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