Under a new program, Florida State College at Jacksonville students receiving excessive federal student loans and not on-track to graduate will have to attend loan counseling, The Chronicle of Higher Education reported.
The program, which seeks to reduce student over-borrowing, applies to dependent students seeking an associate’s degree with $12,000 of debt and to independent students seeking an associate’s degree with $20,000 of debt. The rates are double for students working toward a bachelor’s degree.
