At One Community College, Students Will Need a Budget to Get a Loan

Starting this fall, Virginia's Tidewater Community College won't disburse federal loans to students until they submit a detailed budget with their loan-repayment plans.

The college's new policy—which supplements existing federal requirements for student borrowers, such as entrance and exit counseling—adds steps that Tidewater officials hope will help students make smarter decisions when taking out loans.

 

At One Community College, Students Will Need a Budget to Get a Loan