"They are moving towards a Master Promissory Note that will be multiple-year," Parks said.
Some students said they appreciated not having to make multiple trips to sign their loans, though others were less enthused about the change.
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"Going to the office two times a year is not such a big deal," said Gabor D. Gyori '99.
The DOE will now also require an investigation of all students reporting former drug convictions on the Federal Application for Student Aid before they are eligible for aid.
In addition, students who leave school during the semester will now be required to repay their Pell grants.