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Pell Grant Increase Will Help Low-Income Students, But More is Needed

Diverse: Issues in Higher Education

29, the new federal spending plan is set to increase the Pell Grant in 2023, allowing low-income students a chance to access up to $7,395 each year. Coupled with the $400 increase in the 2022 fiscal year, this is the largest two-year increase ever in the history of the grant. The total student loan debt reached $1.75

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Report Finds 100% of Incarcerated Borrowers in Default, Limiting their Access to Pell Grants

Diverse: Issues in Higher Education

On July 1 st , incarcerated Americans will re-gain access to Pell grants for the first time in nearly 30 years. But a new report has revealed that an important segment of this population may be largely left out: those who already have student loans. Experts criticized the Department for not sharing the information. “It

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How H.R. 1 Will Impact Student Loan Programs

College Planners of America

In this post, we focus on Subtitle A, Student Eligibility , Subtitle B, Loan Limits , and Subtitle D, Pell Grants. Title III represents a significant overhaul of the student loan system in a move to improve access, transparency, and accountability in loan programs. billion for academic year 2025-26, $5.35

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2022 College Scholarship Scams

College Aid Consulting Services

2022 college scholarship scams. For students who are struggling to pay tuition and other college expenses, an unexpected offer of a scholarship can seem like a wish come true. In a more recent twist, the representative claims to help with student loan forgiveness. However, there is a fee to apply.

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Student Loan Deadlines for 2022-2023: COVID-19 Relief, FAFSA and Others

Student Loan Hero

What are the COVID-19 student loan relief deadlines for federal debt repayments? You may have heard some student loan servicers are closing shop — when does that happen? Over next two years: Many federal student loan servicer contracts due to expire. When do you need to file your FAFSA for this year?

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FAFSA for 2023: Income Limits, Types of Aid and More

Student Loan Hero

But the reality is that there are no income limits with the Free Application for Federal Student Aid (FAFSA); any eligible student can fill out the FAFSA to see if they qualify for aid. While some aid is based on financial need (such as subsidized loans and Pell Grants), other aid is not (such as unsubsidized federal loans).

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A Sneak Peek At New Student Loan Rules Coming in July 2023

NCLC Student Loan Borrower Assistance

In November 2022, the Department of Education published final rules that will change regulations governing a variety of federal student loan cancellation programs as well as how interest impacts student loan burdens. The new rules will go into effect on July 1, 2023. .