Spring Break
New student debt policy to go into effect winter 2009
Exceeding $2,200 in debt will bar students from registering for classes in the next term
Jeremy Hansen
Issue date: 5/20/08 Section: News
Ultimately, it could come down to the current students picking up the slack, through increased fees in many departments on campus.
"Without the money required to pay the departments on campus that are not receiving the money they are owed, some departments are forced to try to increase cash flow. This could mean higher fees for current students," Perrone said.
With this new policy, it could be easier for students to manage their debt, as well as the university itself.
"Students can be kept more current on the status of their account and unforeseen financial issues can be taken care of faster," Perrone said.
It's possible that all students will see the effects of this new policy, come winter term 2009.
Beverly Griffith, a junior in environmental science, agrees with the new policy.
"It isn't fair to the students that do pay their debts on time, that they should suffer, because of the students that don't pay their debts off," Griffith said.
Tamara Larsen, a sophomore in environmental science, also thinks the new policy is a good idea.
"It makes sense," Larsen said. "Students should be held responsible for paying off their debts."
The Office of Business Affairs would appreciate student input on the new policy, as well as ideas for what they need help with.
"We are talking about creating a group of financial awareness, having open training sessions on how to manage debt, as well as presentations at residence halls," Perrone said. "We would really like suggestions on what students need."
If needed, debt counselors are available to students during regular business hours on the first floor of Kerr, at the Student Finance windows.
For more information on the new policies, go to oregonstate.edu/fa/businessaffairs/studentfinance/.
Jeremy Hansen, staff writer
news@dailybarometer.com, 737-2231
"Without the money required to pay the departments on campus that are not receiving the money they are owed, some departments are forced to try to increase cash flow. This could mean higher fees for current students," Perrone said.
With this new policy, it could be easier for students to manage their debt, as well as the university itself.
"Students can be kept more current on the status of their account and unforeseen financial issues can be taken care of faster," Perrone said.
It's possible that all students will see the effects of this new policy, come winter term 2009.
Beverly Griffith, a junior in environmental science, agrees with the new policy.
"It isn't fair to the students that do pay their debts on time, that they should suffer, because of the students that don't pay their debts off," Griffith said.
Tamara Larsen, a sophomore in environmental science, also thinks the new policy is a good idea.
"It makes sense," Larsen said. "Students should be held responsible for paying off their debts."
The Office of Business Affairs would appreciate student input on the new policy, as well as ideas for what they need help with.
"We are talking about creating a group of financial awareness, having open training sessions on how to manage debt, as well as presentations at residence halls," Perrone said. "We would really like suggestions on what students need."
If needed, debt counselors are available to students during regular business hours on the first floor of Kerr, at the Student Finance windows.
For more information on the new policies, go to oregonstate.edu/fa/businessaffairs/studentfinance/.
Jeremy Hansen, staff writer
news@dailybarometer.com, 737-2231
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