Stafford and Graduate PLUS loans will be funded well into the future

Dear AULA Community,

This is a challenging and unsettling time financially on many levels. We want to assure our students, both current and prospective, that we are closely monitoring the student loan market, and believe that Stafford and Graduate PLUS loans will be funded well into the future.

Several actions, taken recently, contribute to our confidence:

1.    Early this month, President Bush signed an act to extend H.R. 6889 – Ensuring Continued Access to Student Loans, or ESCALA. ESCALA will help to insulate the student loan market from many of the problems that other financial markets are experiencing.

2.    The bill signed by Congress on October 3rd to bail out the financial markets included a protection of the tuition tax credits through the 2009-2010 academic year.

3.    The lenders that we do the majority of our student loan business will assure us that they intend to continue funding student loans.

4.    There are numerous higher education organizations with offices and lobbyists in Washington, working hard daily to protect higher education funding, among them the National Association of Student Financial Aid Administrators. Antioch University has maintained membership and connections with NASFAA, and other higher education associations for many years.

If you have any concerns, please call AULA’s financial aid office at 310-578-1080 x410 or via email at: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it The financial aid office is open Monday through Thursday from 9:00am to 5:00 pm, and Fridays from 9:00am to 1:00pm.

Sincerely,

Neal King, Ph.D.
President & Professor