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United States : STATE UNIVERSITY financial support office executes 3 loans.

The East Tennessee State University financial support office is providing a little more help to students who face trouble in paying for their education.

The office has executed three new loans in the current semester, to help retain existing students.

The E.G. Hughes Enrollment Loan, the E.G. Hughes Kick-Start Loan and the E.G. Hughes Emergency Event Loan, the three new loans, are all designed to help students stay in school.

These loans aims to assist students with books, emergencies and earlier balances.

An endowment that Elsie Gillingham Hughes left in her will is funding the new loans .

Hughes stipulated in her will that that the money should be used for loans.

Director of the financial aid office at ETSU, Margaret Miller, said : 'We, of course, are very grateful for the opportunity to help some students who, in times past, really want to finish school and didn t see another way to do it. One of the things the university is really trying focus on right now is student retention, is helping find out who the students are who are not continuing from one semester to the next because of issues that we can do something about'.

Assistant director of the office of financial aid at ETSU, Lisa Bell, added : 'One of the big changes is the past emergency loan and short-term loan that we had required co-signers, and now, we ve taken the co-signers off. It was a big problem getting cosigners to co-sign a loan, so this will help students faster.'

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Publication:Mena Report
Date:Feb 10, 2014
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