Tuition grant increased
The University's Benefits Committee has reviewed the Children's Educational Assistance Plan and has increased the amount of the annual tuition grant for the 2003-04 academic year.
The Tuition Grant Program provides assistance for an employee's child who is pursuing undergraduate study at an accredited two- or four-year college. For 2003-04, the University will provide a maximum annual grant of one-half tuition and mandatory educational fees up to $9,900 ($4,950 per semester, or $3,300 per trimester or quarter), an increase from last year's maximum grant of $9,500.
The University also has announced that it is terminating the Supplemental Loan Program effective June 30, 2004. Children not covered under the plan as of June 30, 2004, will not be eligible for supplemental loans. However, children currently receiving loans will be grandfathered under the program and their continued eligibility governed under current plan rules. The interest rate for the Supplemental Loan Program will remain at 7.25 percent.
All requests for supplemental loans will be processed by the loans and receivables department in the treasurer's office. To request infor-mation about a new or existing supplemental loan, contact loans and receivables at 258-7220 or firstname.lastname@example.org.
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Editor: Ruth Stevens
Calendar editor: Carolyn Geller
Staff writers: Jennifer Greenstein Altmann, Steven Schultz
Contributing writers: Patricia Allen, Karin Dienst, Jerry Price, Eric Quinones
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Web edition: Mahlon Lovett