But generally speaking, it means additional private loans, because most of our students qualify for the maximum subsidized loans. We're fortunate at the Johnson School, because we do have a dedicated financial-aid office. We're not farmed out from the university's financial-aid office, and we have a serious commitment to our students. We have an open-door policy, so students don't have to make an appointment or phone weeks ahead to see us. The student's purpose in coming to Cornell is not to deal with all the paperwork and red tape, it's to get an education.
Consumer debt is probably the biggest burden that haunts students when they get to school.
It impacts them on two levels. First, it's a monthly obligation that they have to pay when they no longer have any income. And it has an impact on their credit rating and the rates that they end up borrowing their education funding on. Business Week Online may receive a share of any fees you pay for services. Business Week Online may receive a share of any fees you pay for services.