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Regents updated on loans, OK slight tuition hike

Published or Revised March 27, 2012

The Paris Junior College Board of Regents approved a slight tuition increase on Monday evening. The additional tuition will allow the college to continue meeting the needs of students and the community, as well as prepare for potential budget cuts from the Texas Legislature.

The tuition increase is $3 per semester credit hour for in-district and out-of-district tuition and $5 per semester credit hour for out-of-state tuition for 2012-13. It will generate $360,000 additional revenue annually.

“We’ve looked at tuition and fees, what the state might be doing next year, what our competitors are doing and where we are with the state average,” said PJC President Dr. Pam Anglin. “The increase would take us from $44 to $47 in-district, from $75 to $78 out-of-district, and from $120 to $125 out-of-state.”

An update was given on the federal student loan program. Due to federal requirements, PJC must offer both need- and non-need based loans. Combining the two, a freshman could end up with a substantial amount of debt in just one year. Most students are unaware of the severe penalties they face if they don’t begin repaying the debt six months after leaving school and some are under the false impression they can use the money for other purposes.

The default rate is increasing each year, and though PJC has no control over a student’s repayment, if the rate goes over 40 percent PJC would lose Pell grant funding. Because of that risk, PJC may have to cease offering federal student loans if the default rate continues the trend. Two programs where most students depend on loans to attend are nursing and jewelry.

In other business the Board of Regents:

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