Loan-Based Aid Delayed

The new loans that international students expected to receive this coming fall will be delayed, probably until 2011. The new loan program represents a major shift away from the largely grant-based aid that has comprised most of the financial aid offered to students from developing countries.
Coming after a widespread reduction in student employment hours, a rise in federal incomes taxes owed by international students, and a job market in recession, the loan proposal has been a source of controversy between the international student community and administrators.