Weather Alerts 1 View »

Financial aid waiting game for some students

Financial aid waiting game for some students

By Colleen Hogan. CREATED Jan 27, 2012

FORT MYERS, Fla. - They should be concentrating on their grades but some Edison State College students say they're worried about money instead. They're upset because their financial aid did not come through Friday, as promised. 

Four In Your Corner's Colleen Hogan taking their concerns to school officials. 
It's a story Fox 4 has been following all week. Students wanting to know when they can expect their financial aid.
Even though Edison's spokesperson told Fox 4 Wednesday that the school was going to get the money out Friday, many students still don't have it.
You can normally find Edison music student Brett Kernick,26, playing his set of drums. But Friday, he's playing the waiting game.
"I'd really like the money," Kernick said. 
Kernick is waiting for his financial aid. Even though the school told students the money would start going out Friday, he still hasn't seen it.
"I'm on hold for the scholarship," he said.
Edison allows students to start classes and buy books even if their financial aid hasn't come through. The school later deducts the tuition and book bill from the student's financial aid. But many students rely on that money to pay for other things.
"Living expenses and everything else makes it tough without having a little extra income," Kernick said.
Edison spokesperson Teresa Morgenstern says even though the school is starting to distribute the federal financial aid money, it could take days for it to actually get to students.
"There are different mechanisms for (students) receiving their financial aid," Morgenstern said. "That was determined by the student."
Students can get their money in the form of a check in the mail, direct deposit, or debit card. Which affects how long it cold take. Another reason for the wait?
"We are following very strict guidelines," she said.
The school must sure students are actually in the classes they signed up for. It's a process that takes longer, because Edison offers late registration.
Colleen Hogan, reporter