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Friday, September 08, 2006

Undo button for 2-in-5 rule

Coming to you live from the SLD training in DC, I have a few things to write about from yesterday.

First, in the presentation about the 2-in-5 rule, I learned that applicants can cancel an FRN (or pull one school out of an FRN) at any time, even after funding is received. Of course, if you've received money, you have to give it back. This is great news for applicants that don't understand the 2-in-5 rule (and won't until it bites them) and have burned one of their years to buy a $1,000 router. Now they can give the funding back and get that year back.

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