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Florida State College at Jacksonville students who got too much financial aid get grace period with registering for classes, receiving transcripts

5:36 PM, Mar 1, 2013   |    comments
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JACKSONVILLE, Fla. -- Florida State College at Jacksonville students who were given too much financial aid will have a 90-day grace period to enter a repayment plan.

RELATED: Financial aid errors cost FSCJ $2.5 million

Students with debt to FSCJ are normally restricted from registering for classes or from receiving a diploma or transcripts. These restrictions will be lifted for 90 days for students affected by the financial aid overpayment situation, according to a release from the school.

"FSCJ is a student-focused college," said FSCJ president Dr. Will Holcombe, who approved the grace period Friday. "While we must meet our legal obligations, we determined this is an acceptable way to minimize the impact on students."

Affected students will be contacted by Enterprise Recovery Systems Inc. to enter a repayment plan within the next 90 days. The plans have no interest rate and can be paid over 10 years.

Students who set up a repayment plan will not face any restrictions as long as they make regular payments, according to the release.

First Coast News

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