Scholarship America

MAY 15, 2023

Do I have to pay taxes emergency grants or relief funds? Note, however, if you receive emergency aid funds in the form of a grant or scholarship from your state or a private provider, the tax rules outlined above may apply. What about student loan repayments and forgiveness?

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CFAA College Financial Aid Advisors

OCTOBER 21, 2024

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! Why Do I Have to File the FAFSA?

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CFAA College Financial Aid Advisors

JANUARY 3, 2024

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. EFC: The Expected Family Contribution will be changed to the Student Aid Index (SAI).

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CFAA College Financial Aid Advisors

DECEMBER 11, 2023

As we wait, it seems like the perfect time to review changes to the 2024-2025 FAFSA that will help you maximize financial aid -and your time filling out the forms! As a reminder, the FAFSA gathers information about your financial needs so your student can be offered work-study, grants, and student loans.

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CFAA College Financial Aid Advisors

JUNE 17, 2024

Receiving a financial aid offer can be both exciting and overwhelming for college-bound students and their families. While grants and scholarships provide much-needed assistance, loans often make up a significant portion of the aid package. Every dollar you can secure through non-loan sources reduces your future debt burden.

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CFAA College Financial Aid Advisors

DECEMBER 8, 2023

Perhaps one of the biggest pros of the SAI is that more students will be able to receive access to Pell Grants. Access to Pell Grants is typically based on family size and the federal poverty line. Starting this year, applicants who don’t qualify for a max Pell Grant if their SAI is less than the maximum grant amount.

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CFAA College Financial Aid Advisors

SEPTEMBER 9, 2024

The FAFSA: Your First Step to Financial Aid The Free Application for Federal Student Aid (FAFSA) is your starting point. It opens doors to federal grants, loans, and work-study opportunities. If you want to read some of my tips to prepare for the 2025-2026 FAFSA, check out recent blogs here! The good news?

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CFAA College Financial Aid Advisors

OCTOBER 14, 2024

This form is one of the most important for students and families to file, if not the most important form to be completed. The FAFSA is the way that students qualify for federal grants, loans, and work-study opportunities. All of these programs are designed to make higher education more accessible.

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CFAA College Financial Aid Advisors

DECEMBER 3, 2023

Here’s what we do know about the updated FAFSA and your student’s college financial aid process so far: Applicants will be able to pull data from their tax returns. An exciting new update for the 2024-2025 FAFSA is that you’ll be able to automatically retrieve income from your taxes and the IRS.

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CFAA College Financial Aid Advisors

MAY 6, 2024

The FAFSA serves as the primary application for federal student aid programs, including grants, loans, and work-study opportunities. The 2024-2025 application cycle has been absolutely wild – so don’t take this year as an example of what the cycle is like. One of them was the Federal Tax Information update.

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College Planners of America

JUNE 13, 2025

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, student loans, and the aid eligibility formula. The bill establishes new annual and aggregate loan limits for borrowers.

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Student Loan Planner

MARCH 22, 2024

President Biden has taken several steps this month to push for reforms for student loan borrowers. Meanwhile, Biden… The post Scrap Loan Fees, Make Forgiveness Tax-Free and Approve More Relief: A Look at Biden’s 2025 Budget Proposal appeared first on Student Loan Planner.

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COE

MARCH 10, 2023

Yesterday, the Biden-Harris Administration released its budget request to Congress for Fiscal Year 2024 (Program Year 2024-2025). The Administration’s budget would also increase the maximum Pell Grant by $820 (or 11%), for a total maximum Pell Grant award of $8,215. billion in FY24. million, respectively.

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COE

MARCH 11, 2024

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. Department of Education here.)

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Student Loan Hero

NOVEMBER 22, 2022

Student loan forgiveness can wipe out part or all of your student loan debt. The big news on the student loan 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. ( Volunteers.

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COE

MARCH 23, 2024

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. billion and the Federal Supplemental Educational Opportunity Grant program (SEOG) at $910 million. Congress continued funding the Federal Work-Study program at $1.2

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COE

AUGUST 1, 2024

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.

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COE

JUNE 26, 2024

Still, it maintains TRIO, GEAR UP, and Pell funding flat – meaning it does not increase or decrease – but will halve the Federal Work-Study Program and Federal Supplemental Educational Opportunity Grant Program funding. The Subcommittee released its legislative text for the Fiscal Year 2025 (FY25) markup on Wednesday, June 26.

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Diverse: Issues in Higher Education

JANUARY 15, 2025

The panelists also highlighted the impact of Project 2025 and the potential shift of federal loan programs to the Treasury Department, which could change loan processes, interest rates, and repayment structures. Lynn warned that the U.S.

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COE

JUNE 3, 2025

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.

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Diverse: Issues in Higher Education

MARCH 24, 2025

billion in contracts and grants for congressionally authorized programs. The following day, the administration announced plans to transfer the student loan portfolio to the Small Business Administration and move disability-related programs to the Department of Health and Human Services. On March 20, President Donald J.

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Diverse: Issues in Higher Education

DECEMBER 9, 2024

The California State University system has announced a direct admissions pilot program to begin in 2025. Enrollment will begin in fall 2025. In the first year, 68 school districts and individual charter schools were invited to participate with a focus on low-income students. Such relief is not available to everyone.

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COE

MAY 2, 2025

Council for Opportunity in Education Condemns President Trumps Proposal to Eliminate Federal TRIO Programs May 2, 2025 by Terrance L. TRIO is the insurance policy for the Pell Grant, said Maureen Hoyler, COE Senior Advisor and past president.

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COE

JANUARY 30, 2025

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%

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COE

JANUARY 28, 2025

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.

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COE

MAY 30, 2025

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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