Arizona state grants cut, now what?
The aftershocks from the previous economic tremor are still reverberating. Students and families that were banking on Arizona state grants are frantically searching for replacements.
Students who are attending private colleges in Arizona seem to have been sheltered. The key is both positioning the student (to be a great college candidate using the AZCollegePlanning.com’s proprietary strategies) and position the assets so that you qualify for the most aid (and find schools that have weathered the fiscal storm and have money to give out.)
Straight from The Governor's Office and the Arizona Commission for Postsecondary Education’s website it implicitly states that the PEG and PFAP grants do not have available funds and the programs are cut. What’s next?
If the state continues to be in a fiscal fiasco then AIMS will be on the chopping block soon.
Contact us to see how we can help.
Excerpt from official website
PEG/PFAP Funding Cut for 2010-2011
March 26, 2010
The State of Arizona continues to face serious economic challenges and unfortunately, State student financial assistance programs have been affected. On March 18, 2010 House Bill 2001 was signed into law. One result of this legislation is the funding for both the Postsecondary Education Grant (PEG) and the Private Postsecondary Student Financial Assistance Program (PFAP) will not be available beginning with the 2010-2011 academic year. As such, the Commission will not accept applications for these grant (forgivable loan) programs for the 2010-2011 academic year.
Students seeking replacement financial assistance are encouraged to speak to the financial assistance office at their college or university to learn of any assistance the institution can offer.
It is unfortunate that the State revenue shortfall has resulted in student financial assistance reductions. The Commission will try to minimize the affects on student educational goals and work on behalf of all Arizona students to help find additional resources to pay for educational expenses. Please check back for updates.
