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Student Loans in India : Drug Convictions Can Send Financial Aid Up In Smoke

If you should become incarcerated due to drugs or other offenses, your aid eligibility may become even more restricted. While not eligible for federal student loans in India students serving a criminal sentence may be eligible for some federal grants as well as federal work-study.

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Student Loans in India : Drug Convictions Can Send Financial Aid Up In Smoke

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  1. Student Loans in India

  2. Drug Convictions Can Send Financial Aid Up In Smoke

  3. Next week will be April 20, otherwise known as 4/20. • People in some states may celebrate the occasion thanks to recently relaxed penalties for the use and possession of small quantities of marijuana. • However, college students across the U.S. need to know that many drug convictions can have a big effect on their financial aid. • The Student Loan Ranger wanted to make sure our readers are aware of these implications so their financial aid awards don’t end up in smoke.

  4. What Convictions Count? • Any federal or state drug conviction, whether it be for the possession, conspiring to sell or sale of illegal drugs, can disqualify a student from receiving federal student aid grants and loans. • With that said, these convictions will only count against the student for financial aid purposes if the crime was committed during a time when the student was already receiving federal student aid.

  5. How Long Will the Student Be Ineligible? • Up until fairly recently, a single conviction under a drug offense could have resulted in immediate and permanent ineligibility for federal student aid. • As of 2009, however, it’s become more of a "three strikes" rule.

  6. Regaining Eligibility • Drafters of this current version of the law were mindful that forcing a student to take a year or two off from school as a result of a lack of financial aid may have unintended consequences, especially when drugs are involved. • Therefore, they inserted a caveat that allows first and second offenders to regain aid eligibility early if they complete a qualified drug rehabilitation program. • The program has to meet certain requirements, one of which is the passing of at least two unannounced drug tests.

  7. Incarceration • While not eligible for federal student loans in India students serving a criminal sentence may be eligible for some federal grants as well as federal work-study. • A school or a prison counselor is an incarcerated student’s best resource for navigating this situation. • Source: http://bit.ly/1Q2ch09

  8. Follow us on https://www.facebook.com/AvanseEducationLoan https://www.linkedin.com/company/avanse-financial-services https://twitter.com/avanseeduloan https://plus.google.com/+AvanseFinancialServicesLtdMumbai https://www.youtube.com/channel/UCcsuUx1EH1C08XmX2embpug

  9. Read more on Education Loans : http://www.avanse.com/avanse-education-loans/ • Thank You..!!!

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