On the other hand, the grandfather, Buks, frightened by what the future might bring, clings passionately to the past and tries keep things as they are. Cast members are Zainab Jah and Leonard Stephenson. Stephenson is founder and director of A Mixed Company and is the director of Valley Song. VERY LOW Waldorf College officials were recently pleased to learn that Waldorf's Draft Cohort Default Rate on Stafford student loans is only 1.8 percent, which is extremely low. A default on a student loan occurs when student has not made payments on their loans for nine months when their payments were due.
Students are to begin making payments on loans six months after they stop taking college courses.
Only four Waldorf students defaulted, out of 212, on their student loans in 1998 and 1999, according to Duane Polsdofer, director of financial aid. One reason cited why the default rate is low is because Waldorf offers direct loans, which not all colleges offer. Direct loans are loans Waldorf has made on behalf of the Department of Education who in turn, loans the money to students. When a student finishes their education, they repay the Department of Education. Stafford loans have a low interest rate.