Definition Grant Student loans 
Diverse: Issues in Higher Education
JANUARY 4, 2023
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
Diverse: Issues in Higher Education
DECEMBER 7, 2022
According to the GAO report, students who pick a college that is unaffordable for them are more likely to have to cut back on essentials like food while attending and are more likely to drop out. Having more student loan debt may make borrowers less likely to become homeowners or to be able to save for their own or their children’s futures.
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CFAA College Financial Aid Advisors
DECEMBER 16, 2024
Fact: Many families are surprised to learn they qualify for grants, work-study, or low-interest loans, regardless of income level. You never know what might come of it – and if you dont, theres definitely no way youll receive aid! Myth: FAFSA is Only for Federal Aid.
NCLC Student Loan Borrower Assistance
DECEMBER 13, 2022
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 Department expanded its definition of when a school is “closed.”
Scholarship America
MAY 15, 2023
Do I have to pay taxes emergency grants or relief funds? The exception to this rule is funding received as a result of a federally declared state of emergency—this is a broad category of federal assistance that helps people recover in the face of natural disasters, and part of its legal definition is that it is not considered taxable income.
CFAA College Financial Aid Advisors
JANUARY 3, 2024
EFC: The Expected Family Contribution will be changed to the Student Aid Index (SAI). Pell Grants: More students will be eligible to receive maximum or partial federal Pell grants. COA: Changes are being made to the definition of Cost of Attendance. You can learn more about the changes with the SAI here.
IEFA
JANUARY 3, 2024
From understanding federal and private student loans to exploring alternative funding options, we’re here to help you navigate the world of finance for studying abroad and make informed decisions every step of the way. Key takeaways Understand federal and private student loans to finance your study abroad experience.
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