click logo for homepage
 
 

	Vol.7, No 53, December 1, 1999
	Financial aid director advises early filing By Don Weberg Daily Forty-Niner Despite the March 2 priority application deadline for Cal grants and loans, Gloria Kapp, director of the Cal State Long Beach office of Financial Aid, suggested students apply early. "We encourage students to apply early, just so they have time to process the applications and get a response," Kapp said, adding that students generally receive information six weeks after application. "A student can apply anytime and, as long as funding is available, possibly receive a loan," Kapp said. Several options are available to students needing financial assistance for the coming semesters at the financial aid office in Brotman Hall. There are three types of basic financial aid: loans, work study and grants, she said. Loans must be paid back with interest. Work-study programs let students work to earn the money to pay back the loan, and grants never have to be paid back. Kapp said that there are two main grants, the federal Pell grant and the state-funded Cal grant. In the federal work-study program, students literally work for the money they receive, Kapp said. Among other public interest and nonprofit private organizations where work-study arrangements are set up, students can work at the school they attend. "It's really work," Kapp said. Most student loans do not exceed 9 percent interest. However, all rates are variable, according to the office's Financial Aid Guide. Loans are legally protected from going over a certain percentage rate. Interest rates are down from previous years and usually 7 percent is the average rate for a student loan, Kapp said. Kapp said all applications go through a check system which, when completed, is electronically sent to the CSULB financial aid office for review. If they are satisfied all questions were answered properly, they begin the process of figuring out how much money each applicant should be awarded. Students are eligible for certain amounts depending on class standing and what they apply for. For more information, one may call the office at (562) 985-4641.		College enrollment nationwide to rise   Man busted for pot growing   Conversation lab helps international students Financial aid director advises early filing   Center offers resources for future teachers Drink the ocean   Fair good for professors' egos   Feel better TV Spirited dance   'Crooner' sappy   Reviewer looks at musicians, video game   Ex-Zeppelin member back   'Friends' won't be enjoyed by mainstream 49ers hope to show Aggies how to dance   Team finishes 7th at tourney   Coach honors top athletes   49ers awarded Fall 99 ISSUES DAILY 49ER HOMEPAGE
Forty-Niner Publications, Department of Journalism, California State University, Long Beach ©1999 All rights reserved.