Loan Money Late

1 decade 2 years 1 month ago Wednesday, September 12 2007 Sep 12, 2007 Wednesday, September 12, 2007 11:21:56 PM CDT September 12, 2007 in News

It's not who's responsible, but what's responsible in this case.The financial aid office blames "MYzou", the new campus-wide computer system and its inability to process parent loans fast enough.

Myzou combines every service needed by students, ranging from demographic information to class schedules.

But a special kind of loan is giving the new system fits.

"The PLUS loans are parent loans for undergraduate students, and the plus loans are the most complicated and difficult to process of any type of financial aid," said Director of Student Financial aid Joseph Camille.

Parents, not students, are the borrowers on plus loans.

The loan amount is then placed in the student's account.

All 2,000 plus loan borrowers, both old and new, have to be moved to the new system, making the aid office start from scratch.

"We had an old system that had everyone in there, and then we switched to the MyZou financial aid system this year," said Camille.

Combined, they're missing more than eight million dollars in aid, some which could go into their pockets.

After students finish the financial aid process in the basement of Jesse Hall, they can walk right down to the Cashier's Office, where they pick up a refund check that can be spent on anything students need.

The university is allowing whatever the PLUS loan would've covered to go unpaid for now, but some students expect the loans surplus money.

"I pay for it out of my checking and savings accounts. I work so I can pay for school, and my parents don't really send me money for anything, so I just pay for it basically," said MU student Lyndsey Riley.

So students will have to be patient while the system's kinks are worked out.

Camille says he hopes to have the problem cleared up by the end of the month, and with hindsight being 20/20, he says he wishes they would have started the process earlier.

More News

Grid
List
(CNN) -- Rep. Elijah Cummings, a longtime Maryland Democrat and key figure leading investigations into President Donald Trump, has died... More >>
43 minutes ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 10:04:01 AM CDT October 17, 2019 in News
JEFFERSON CITY - Immaculate Conception Catholic Parish's discussion panel will center on the "Faith Response to Climate Change." The... More >>
3 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 7:30:00 AM CDT October 17, 2019 in News
FULTON – Callaway County has existed for nearly 200 years without taxes that support law enforcement or the county judicial... More >>
7 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 3:38:00 AM CDT October 17, 2019 in News
COLUMBIA - On Wednesday morning the National Oceanic and Atmospheric Association (NOAA) released an update to global land and ocean... More >>
12 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 9:49:00 PM CDT October 16, 2019 in Climate
MEXICO – A vape business owner defended their products after Governor Mike Parson released his ‘Clean the Air’ campaign Tuesday.... More >>
13 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 9:11:00 PM CDT October 16, 2019 in News
COLUMBIA — Police chased a person through Columbia Wednesday night after they said the suspect failed to pull over for... More >>
14 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 8:07:00 PM CDT October 16, 2019 in News
JEFFERSON CITY - State Auditor Nicole Galloway released an audit Wednesday of the Insurance Dedicated Fund and the Insurance Examiners'... More >>
15 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 6:48:00 PM CDT October 16, 2019 in News
JEFFERSON CITY — Missouri Attorney General Eric Schmitt filed a lawsuit against Cory Mincey and Puppy Love Kennel of Dallas... More >>
16 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 5:48:00 PM CDT October 16, 2019 in News
COLUMBIA - The Sharp End Heritage Committee unveiled seven new markers Wednesday that will be placed on the African American... More >>
16 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 5:48:00 PM CDT October 16, 2019 in News
COLUMBIA - In an effort to decrease the number of suicides across the state, a non-profit group is teaming up... More >>
17 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 5:45:00 PM CDT October 16, 2019 in News
MILLER COUNTY - A Tuscumbia man has been sentenced to 15 years in the Missouri Department of Corrections for failure... More >>
20 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 2:42:00 PM CDT October 16, 2019 in News
JEFFERSON CITY - Three former Cole County Emergency Medical Services employees filed lawsuits against the county on Monday, claiming discrimination... More >>
20 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 2:33:00 PM CDT October 16, 2019 in News
JEFFERSON CITY - A precautionary boil water advisory has been issued for Missouri American Water customers in Jefferson City after... More >>
20 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 2:16:00 PM CDT October 16, 2019 in News
COLUMBIA - A Pennsylvania law firm has filed a class-action lawsuit against Hy-Vee. The lawsuit comes after the grocery... More >>
21 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 1:31:00 PM CDT October 16, 2019 in News
DETROIT (AP) — Bargainers for General Motors and the United Auto Workers have reached a tentative contract deal that could... More >>
23 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 11:05:35 AM CDT October 16, 2019 in News
COLE COUNTY - A St. Thomas man is dead after a tractor crash Tuesday evening. According to the Missouri... More >>
1 day ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 9:53:00 AM CDT October 16, 2019 in News
COLUMBIA - New trail markers identifying places of interest in the African American community are coming to the downtown Columbia... More >>
1 day ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 3:53:00 AM CDT October 16, 2019 in News
COLUMBIA - The local segment of a national student film competition called "Campus Movie Fest" (CMF) is starting Wednesday at... More >>
1 day ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 3:52:00 AM CDT October 16, 2019 in News
Columbia, MO
Broken Clouds 49°
11am 53°
12pm 57°
1pm 60°
2pm 63°