With businesses locking out their employees, and stock markets crashing, many Asians were suddenly unemployed and broke. Some solutions the university has put into place, and can call into place, would include relief from late payment penalty fees. We are also able to help some students with short-term loan assistance. But when the dollar exchange requires them to pay double, that is a major problem for them. We hope that by providing waivers of fees we can wait out the crisis.
Parents can send their child money at that time.
The university has always had a policy of adapting its financial aid programs to help those hit by economic or civil disasters. During the Nigerian Civil war, several Nigerian students were cut off from their families and funding sources. During the Gulf War, many Iraqi students were financially devastated, but the Financial Aid Office stepped in with emergency loans and most students were able to stay in school. Students who have only one or two semesters to go are likely to tough it out, waiting for either the economic situation to improve or seeking ways to raise the necessary money to graduate. But a new student, facing four full years of fees and living expenses, may be told by the family to come home.