[La-cgs] Financial Aid Certification

[Sushma Krishnamurthy]

Hi Sanjay,
As per our Financial Aid office:

We process and certify all loans that come to us from multiple companies we have agreements with. We certify through Scholarnet. Here is some information from our webpage.

https://www.ulm.edu/financialaid/privateloans.html

Regards,
Sushma
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Hi all,



I recently learned that our Financial Aid office does not certify private loans for domestic and international students.  So, if a student gets an educational loan from a bank or private lender, and the lender will only transfer funds directly to the institution, our financial aid office says they cannot issue a statement stating that the student is enrolled in specific courses and what the amount of tuition fees due is.  In the particular situation I am dealing with right now, the lending company refused to send the funds to LSUS without the loan certification and as a result the student has been dropped for nonpayment.  This is an international student who successfully obtained a visa on the basis of his I-20 listing the loan and who is already here!



What is the situation on your campus?  If your financial aid office certifies loan (I can’t imagine they don’t!), please send me your responses.  The fact that others in Louisiana are doing it may persuade the powers that be to make the necessary policy/procedural change.



Thanks in advance!



Sanjay



Sanjay T. Menon, Ph. D.

Dean of Graduate Studies

and International Students

Professor of Management

Director of India Studies

Louisiana State University Shreveport

Office: (318) 797-5247     Fax:     (318) 798-4120

www.linkedin.com/in/sanjaytmenon<https://www.access.lsus.edu/owa/redir.aspx?C=jYGwCF7v7SBM319hddflIBw6chOakwcs-5sBjRiGQ2h63fOq3dvXCA..&URL=http%3a%2f%2fwww.linkedin.com%2fin%2fsanjaytmenon>



One University Place

Shreveport, Louisiana 71115


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