Financial Aid Changes After Job Loss

Q: If a parent has lost their job, but their child has already been awarded a financial aid package from the college, is there anyway to see if the college would award more money based on the parent’s new financial circumstances?

A: There is always the possibility that a school would be willing to change or negotiate a financial aid award package. In fact, schools can have some amount of financial aid money that becomes “re-available” because of students making the decision to attend different schools (i.e. “School A” offers a student a financial aid award package, but that student ultimately decides to attend a different school. That “unused” financial aid award money can become available to other students attending “School A”).

The best way to find out if more financial aid is available is to simply contact the schools financial aid office and ask. Since a job loss

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Former CEO of Mortgage Company Taylor Bean & Whitaker to be Sentenced for Role in $3B Fraud

ALEXANDRIA, Va. — Prosecutors are seeking a six-year prison sentence for the CEO of what had been one of the nation’s largest private mortgage lenders.Fifty-five-year-old Paul R. Allen of Oakton, Va., will be sentenced Tuesday in federal court in Alexandria for his role in a $3 billion fraud scheme that officials say is the one of the largest in U.S. history.

Belongings of NM Real Estate Executive Accused in $700M Ponzi Scheme to Go on Auction Block

ALBUQUERQUE, N.M. — Wanna piece of Doug Vaughan?Youll have a shot Saturday at an auction to sell off household furnishings and other personal possessions belonging to the former real estate executive accused of scamming upward of $70 million from 600 investors through a Ponzi scheme.

Buy his 24-carat gold-plated De Beers Diamond Hour Glass and, like Vaughan once did, watch glittering diamonds suspended in a clear silicone-like liquid count the minutes. The hourglass had been appraised at $7,936 for insurance purposes.

Homeowners fight illegal foreclosure

If your Summit County home is foreclosed upon by a company that does not hold your loan and has no legal right to operate in Utah, there may be nothing you can do about it.

Thats been the experience of hundreds of Utahns foreclosed upon by ReconTrust, a subsidiary of Bank of America. The company has publicly noticed the sale of over 100 homes in Summit County this year alone in The Park Records legal notices pages.

According to the Summit County Recorders Office, it has begun the foreclosure process on three since the Utah Attorney Generals office threatened a lawsuit on May 18.

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