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New Mexico's Higher Education Department has announced that it is accepting applications for a program that will provide up to 100 percent studentloan forgiveness for New Mexico residents who graduated from one of the 23 out-of-state professional and graduate programs. Together, we can build a stronger future for New Mexico."
1 of 2025 (the Big Beautiful Bill ), which, in Title III, proposes major changes to Federal student aid programs. In this post, we focus on Subtitle A, Student Eligibility , Subtitle B, Loan Limits , and Subtitle D, Pell Grants. billion for academic year 2025-26, $5.35 In 2025, enrollment rose by 3.2%
Direct Unsubsidized Loans are available regardless of financial need but begin accruing interest immediately after funds are disbursed. Federal loans make up the majority of college financing. The prevalence of Federal Direct Loans stems from their ease of access through the ED and their favorable terms.
On March 26, 2025, the Department of Education reopened the online application for Income-Driven Repayment (IDR) plans for federal studentloan borrowers. This follows a very stressful period for studentloan borrowers. Contact their loan servicer and ask to be placed in a processing forbearance.
Parent PLUS Loan borrowers have until July 1, 2025, to take advantage of the double-consolidation loophole, which provides access to all income-driven repayment plans — including the new SAVE plan. Because of this rule change, far fewer Parent PLUS borrowers will receive loan forgiveness after 2025. Here’s how.…
Updates to the FAFSA Have Delayed College Financial Aid for Millions The Free Application for Federal Student Aid (FAFSA) has undergone some major updates for the 2024-2025 application cycle. Unfortunately, many families and students are wondering exactly where the FAFSA is. Still Want More Help?
A Soft Launch of This Year’s Financial Aid Application is Causing Frustration For months, parents, students, and financial aid experts alike have been waiting for the 2024-2025 FAFSA to go live. they have been working on making updates to the application to make it easier to understand, complete, and to be more accessible.
How the FAFSA is Making Financial Aid More Accessible to Families Nationwide In the last year and a half, the Free Application for Federal Student Aid – or FAFSA – has undergone major changes to make the application easier to complete for students nationwide. Who should file the FAFSA?
The most important financial document that students will file with their families this fall is the FAFSA, the Free Application for Federal Student Aid. For the 2025-2026 application cycle, the FAFSA will come online in December. You may never know what aid your student can receive!
, many students and families are left wondering how financial aid distribution will work for the 2024-2025 school year. 2024-2025 FAFSA Updates For the 2024-2025 college application cycle, the FAFSA will be open to students and family by December 31, 2023. Still Want More Help? Find out more in our blog!
However, with the release of the 2024-2025 FAFSA, families, students, and financial aid offices alike are hopeful that the once complicated application will be easier to complete and process. Many families often decide to skip the entire process together, even though it’s necessary to file in order to receive financial aid.
On Friday, July 14th, the Department of Education announced that it was sending notice to 804,000 borrowers who had spent 20 to 25 years in repayment on their federal studentloans that their remaining balance would be canceled. However, they may have to report the cancellation for state tax purposes in a handful of states.
Like any change, there’s always pros and cons – so we’re breaking down how the new Student Aid Index might impact your family and student’s ability to pay for college. Perhaps one of the biggest pros of the SAI is that more students will be able to receive access to Pell Grants.
All of these programs are designed to make higher education more accessible. But, due to recent changes in the form, this year’s FAFSA for the 2025-2026 school year will be available starting December 1st. Filing the FAFSA 101: In the past, the FAFSA was available in the fall.
Access usually begins with filing a FAFSA. It is best to file as early as possible, which will be in December for the 2024-2025 application cycle. Financial Aid Deadlines There are many forms of financial aid which can supply funds to help pay for college. This can come from federal, state and institutional resources.
Title III of the legislation contains the Committee on Education and Workforce’s proposed changes to the Department of Education’s (ED) student aid programs, including Pell Grants, studentloans, and the aid eligibility formula. 1 was designed to rectify the government’s convoluted studentloan system and save $351 billion.
Department of Educations efforts to reduce studentloan burdens through the new SAVE repayment plan. In this post, we explain where things stand as of March 20, 2025 in the SAVE litigation. In Part 2, we break down exactly what the recent court orders mean for studentloan borrowers.
However, among several requests for flat or even decreased funding in the education arena, we are pleased to see that the President’s budget includes an increase of $20 million for the Federal TRIO Programs in Fiscal Year 2025 (FY25), which would fund TRIO during Program Year 2025-2026.
On April 8, President Biden released the details of his new studentloan debt forgiveness plan. Although the new regulations aren’t expected to fully take effect until July, 2025, the ED is considering taking action to expedite parts of the plan. Department of Education (ED). What About the Supreme Court?
On April 8, President Biden released the details of his new studentloan debt forgiveness plan. Although the new regulations aren’t expected to fully take effect until July, 2025, the ED is considering taking action to expedite parts of the plan. Department of Education (ED). What About the Supreme Court?
Studentloan forgiveness can wipe out part or all of your studentloan debt. The big news on the studentloan forgiveness front is that the federal government plans to forgive up to $10,000 in federally held student debt, or up to $20,000 if you previously received a Pell Grant. ( See more below ).
When combined with mandatory funding, the agreement continues to support a total maximum Pell Grant award of $7,395 for the 2024-2025 award year. Similarly, GEAR UP received level funding at $388 million. Congress continued funding the Federal Work-Study program at $1.2
The Senate Appropriations Committee passed its version of the Labor, Health and Human Services, and Education (LHHS) funding bill for Fiscal Year 2025 – which funds the Federal TRIO Programs – this morning. The LHHS bill includes a $20 million increase over the FY24 budget for TRIO. A summary of the bill can be found here.
She stated firmly, “We are asking for a $68 million increase for TRIO for FY25, which will fund our work in Program Year 2025-2026.” She declared, “TRIO programs and the TRIO coalition are multi-racial networks unified by the principle of access and support for low-income, potential first-generation college graduates.”
The Subcommittee released its legislative text for the Fiscal Year 2025 (FY25) markup on Wednesday, June 26. The House Appropriations Subcommittee on Labor, Health and Human Services, and Education (LHHS) , which writes the funding bill for the Federal TRIO Programs , will meet for its markup on Thursday, June 27.
The Department of Education has uploaded the NSLDS Post-screening Eligibility Changes files to the TG mailbox, accessible through SAIG, after resolving an issue reported last week.
Note that the government has paused all repayment on federally held studentloans through the end of 2022, with no interest to be charged during that period and no loans to be held delinquent or in default. * * *. Why real studentloan forgiveness can take a while.
In response to new court decision in February 2025, the Department has temporarily suspended the application process for all income-driven repayment (IDR) plans, including the Income-Based Repayment (IBR) plan, Pay As You Earn (PAYE) plan, Income-Contingent Repayment (ICR) plan, and the SAVE plan. This process is called recertification.
Jaylon Herbin The “loan origination” fee for a federal studentloan, for example, can range from 1% for undergraduate loans to 4% for graduate and parent loans — potentially adding hundreds or thousands of dollars to students’ debt.
More Than 10,000 TRIO Alumni Urge Congress to Protect Federal TRIO Programs June 3, 2025 by Terrance L. The Trump Administrations claim that access is no longer an obstacle for low-income students is flatly contradicted by data and by the lived experience of more than 6 million TRIO alumni.
The following day, the administration announced plans to transfer the studentloan portfolio to the Small Business Administration and move disability-related programs to the Department of Health and Human Services.
Building a Strong Foundation for TRIO in the 119th Congress January 17, 2025 by Owen Toomey The 119th Congress has begun, with TRIO advocates urged to engage new Members, build bipartisan support, and prioritize outreach to protect TRIO programs amidst upcoming fiscal challenges. The 119th Congress officially began at noon on January 3.
Council for Opportunity in Education Condemns President Trumps Proposal to Eliminate Federal TRIO Programs May 2, 2025 by Terrance L. This proposal is a direct attack on students who dare to dream of college in the face of adversity, said Kimberly Jones , President of the Council for Opportunity in Education.
Immediate Action Steps in Response to Federal Funding Freeze January 28, 2025 by Kimberly Jones Contact your Representatives and Senators: Let them know how this decision is affecting your TRIO students and families. Use this tool to send a message.
Trump Administration Reverses Federal Grant Funding Freeze Amid Legal Challenges January 30, 2025 by Kimberly Jones The White House located at 1600 Pennsylvania Avenue in Washington, D.C. Increase for TRIO for FY 2023 Advocacy Update Congress Announces Bipartisan Funding Deal, Includes 4.7%
Federal Cancellations of Upward Bound Grants Signal Broader Threat to College Access Programs May 30, 2025 by Kimberly Jones Earlier today, Upward Bound programs across the country began receiving their long-anticipated continuation award notifications from the U.S. Department of Education.
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