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Local educators optimistic about state nursing aid
Because the number of Illinois nurses is down 7 percent, the Illinois legislature passed a bill designed to prevent another decrease by the year 2020.Senate Bill 931 will help prevent an expected shortage of 21,000 nurses by 2020 through grants, scholarships, loans, fellowships and a nursing center, which will be funded with about $3.5 million of Gov. Rod R. Blagojevich's fiscal year 2007 budget.One grant, the Competitive Grant for Nursing Schools, is designed to increase the number of graduates. Institutions can use this grant in numerous ways including increasing faculty, creating an evening or weekend program, student retention programs and increasing clinical space.Retention is where this bill will have the most impact, said Marilyn Fuqua Thompson, chairwoman of the Allied Health Division at Lake Land College.
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Rates Increase July 1, but Last-Minute Applicants Can Still Lock ...
RESTON, Va., June 27 /PRNewswire/ -- Interest rates on federally guaranteed student loans will jump by nearly 2 percentage points this Saturday, July 1, but customers who submit their Federal Consolidation Loan application online by midnight (PDT) on June 30, 2006 can still receive today's lower interest rate. The forthcoming interest rate hike has caused record call volume to Sallie Mae's consolidation center from students, graduates and parents. To accommodate the call surge, Sallie Mae has added hundreds of customer service representatives responding to consolidation inquiries, and extended the operating days and hours of its phone hotline.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a )
"It is still not too late to lock in today's lower interest rates, but time is of the essence," said Patricia Scherschel, vice president of loan consolidation, Sallie Mae.