In July 2009, Attorney General Martha Coakley reached a settlement with Emerson College concerning Emerson’s student lending practices. Under this settlement, over 3,000 Emerson students have already received payments totaling over half a million dollars. However, the Attorney General’s Office is still seeking current contact information for over 700 current and former students who have yet to receive a settlement check. This applies to both Emerson graduate and undergraduate students. Eligible students are those who;
- borrowed Stafford loans from either Citizens Bank or Chase for academic years 2004-2005, 2005-2006 or 2006-2007
Or
- borrowed private loans from Education Finance Partners (EFP) for academic years 2005-2006 or 2006-2007.
If you are eligible under these conditions, the Attorney General’s Office urges you to contact the Attorney General’s Insurance & Financial Services Division at 1-888-830-6277 by April 15, 2010.
Not an Emerson student, but looking to reduce tuition costs?
As tuition costs continue to rise, it is becoming increasingly more difficult for students and their parents to afford higher education. However, the IRS is currently offering the American Opportunity credit that can be claimed for 2009 or 2010 and can help alleviate the monetary strains involved with paying for higher education. This new credit modifies the existing Hope Credit to make it available to more taxpayers and now applies not only to tuition costs, but also to required course materials and computers. Students with incomes $80,000 or less can qualify for up to $2,500 a year. For more information about the American Opportunity credit, visit the IRS website.
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