B-On-Time Program Costing Some Universities Millions
Even if state Sens. Dan Patrick, R-Houston, and Jeff Wentworth, R-San Antonio, are successful in their effort to end the practice of setting aside a portion of tuition for financial aid, it would not cut off funding for the set-aside-funded B-On-Time Loan Program for students at public institutions. The program offers sweet savings if you are a student. But if you are an institution of higher education, the program might be costing you anywhere from a few thousand to millions of dollars.
Currently, at each public university, 5 percent of tuition that exceeds a certain level is turned over to ...
Comments (1)
Ron Gleason via Texas Tribune on Facebook
It would be interesting to see if these payouts are going to more affluent students. Working students often struggle to complete a degree within four years because of job commitments.