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Originally established to exclude certain populations of students, legacy admissions provides a significant boost to children of ultrawealthy families who apply to elite institutions. Legacy admissions has an even more corrosive influence: It widens equity gaps in highereducation.
For students preparing to apply for financialaid, the Free Application for Federal StudentAid (FAFSA) is a crucial part of the process. This can help to maximize your eligibility for aid and financialaid funding. Hopefully this makes highereducation more affordable!
Department of Education released a ‘Dear Colleague Letter’ (DCL) outlining the immediate implementation of numerous highereducation provisions in the One Big Beautiful Bill Act (OBBB).
Highereducation becomes even more expensive when students receive their financialaid offers – and theyre smaller than everyone hoped. Heres 6 things you can do when your college financialaid falls short of expectations: 1. This can free up funds for other areas of your education.
Federal Direct Loans are government-backed financialaid options provided by the U.S. Education Department (ED) to help students afford the costs of highereducation. Students can start submitting FAFSA applications on October 1 of each year for the following academic year.
For students heading to college, there is an immense pressure that comes with managing academic responsibilities and trying to determine how to pay for school. For many, financialaid is crucial to making highereducation accessible. A strong appeal letter should be clear, respectful, and detailed.
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 studentloan system in a move to improve access, transparency, and accountability in loan programs. In summary, the Title III provisions of H.R.
One of the biggest questions students and families face is how to pay for highereducation. The good news is that financialaid is available to help make college more affordable. Heres a guide to understanding financialaid and what you can do now to prepare for the future. What is FinancialAid?
So, if you find you can't afford college without some amount of loans, it’s important to consider how much you borrow because you’ll have to pay it back later, with interest. Think of studentloans as a double-edged sword. On the other side, if not handled carefully, they can affect your overall financial health.
Department of Education announced Wednesday a massive studentloan discharge affecting 261,000 borrowers who attended Ashford University, following evidence of widespread deceptive practices at the online institution. The discharge covers loans taken out between March 1, 2009, and April 30, 2020.
These include a sharp rise in government regulations, the need to adopt new technology, and students seeking a more congenial campus lifestyle. It is the generosity of Federal studentloan programs with easy terms and low interest that enable students with financial need to pay high tuition costs.
Studying abroad allows students to engage with and learn from people from different cultures and walks of life and expands understanding of the world. Financial reasons While highereducation abroad can be expensive, overseas institutions may offer scholarship programs and studentloans that home countries simply cannot afford to provide.
The 103-page bill, released as part of the GOP's reconciliation legislation, targets several key financialaid programs that disproportionately serve low-income and underrepresented students. Education advocates warn these changes could create new barriers to highereducation access and completion.
Department of Educations Office of Postsecondary Education announced its intention to establish a Negotiated Rulemaking Committee entitled StudentLoans and Affordability Committee to prepare proposed regulations for federal studentaid programs authorized under Title IV of the HigherEducation Act.
For the first time in over five years, millions of studentloan borrowers are once again facing monthly payments—and many are unsure where to begin. Since the federal repayment pause began in 2020, the financialaid landscape has undergone a seismic transformation.
highereducation sector from stable to negative, citing recent and potential federal policy changes that have created a more difficult operating environment for colleges and universities nationwide. on net investment income for private institutions with at least 500 students and wealth over $500,000 per full-time student.
McMahon's statement echoed the administration’s long-standing argument that downsizing the Education Department is essential to meeting Trump’s campaign promise of reducing the size of the federal government. However, advocacy groups and education leaders are not backing down.
Title III of the legislation contains the Committee on Education and Workforce’s proposed changes to the Department of Education’s (ED) studentaid programs, including Pell Grants, studentloans, and the aid eligibility formula. The bill establishes new annual and aggregate loan limits for borrowers.
The National StudentLoan Data System (NSLDS) has released the FAT001 FinancialAid History report, which contains important student information such as grant & loan eligibility, defaults, overpayments, and loan history.
In a significant policy shift affecting highereducation in Virginia, the state's 23 community colleges must now ensure all programs and practices comply with new federal regulations that effectively terminate diversity, equity, and inclusion (DEI) initiatives across these institutions.
Mays argued the change "derails individual aspirations and undercuts workforce development at a time when our nation is facing labor shortages in critical fields like healthcare, education, and skilled trades".
The recent passage of the Trump administration’s budget reconciliation bill has reshaped the federal studentloan system in sweeping ways. The post Navigating Private StudentLoans in a New Federal Landscape: What FinancialAid Administrators Need to Know appeared first on The HigherEducation Assistance Group, Inc.
These data reveal that 42% of students who earned a degree within six years were the first in their family to do so. Among students who entered college in 2011, six years later, only 19% of first-generation students earned a bachelor’s degree, compared to 47% whose parents completed a degree.
Tina Smith The bills aim to make sure that students are informed and educated about college search and selection, loans, and financialaid. The Understanding the True Cost of College Act would create a universal financialaid offer form and standardize terms used in financialaid.
Financialaid was necessary to paying for college for most students, according to a survey of more than 500 student scholarship recipients. Mike Nylund 521 students responded to the online survey, done by Scholarship America from Sep. 14 to Oct. Only 23% of U.S.
Technology enables us to break the barriers of time and space to deliver quality instruction directly to students, when and where they prefer. New models are emerging that place students at the center of all we do. We’re rethinking financialaid and studentloans in new and innovative ways.
A proposed federal financialaid policy could change the lives of postsecondary students, particularly Black and Latinx students, by allowing them to spend less out-of-pocket for their degrees and prevent the accumulation of student debt, which remains financially crippling for many graduates.
The vast majority of colleges and universities are failing their prospective students when it comes to telling them what they can expect to pay, according to a new report from Congress’s General Accounting Office (GAO). This makes it challenging for prospective students to figure out which school is most affordable for them.
It is evident that the low African American male student graduation rates at a predominantly Black institution in the northeastern United States continue to be a concern for highereducation administrators. There are serious inequities among students who graduate from colleges. Not dropout rates.
Unfortunately, recent research suggests that many students are not provided clear, concise, and accurate information they need to fully understand the financial implications of the choices they have made. Moreover, schools have resources at their disposal to do so. Moreover, schools have resources at their disposal to do so.
Cordray worked to fix studentloan system programs, like Public Service Loan Forgiveness and Income Driven Repayment, and oversaw the development and implementation of the SAVE Plan. Cardona said the COO revitalized the FSA Enforcement Unit to hold schools accountable for cheating students and combated studentloan scams.
In December, the US General Accountability Office (GAO) published a report indicating variation in how colleges show cost and aid information in financialaid offers, which makes it harder for students to compare offers. trillion studentloan debt.
Immigrant high school students without citizenship or permanent residency in the U.S. are often told by high school counselors and colleges that they do not have many options for highereducation. On top of that, undocumented students are ineligible for any federal financialaid. No studentloans.
Though confidence about the value of pursuing a two- or four-year college degree is higher among high schoolers than graduates who either dropped out or chose not to attend in the first place, neither demographic view such pursuits as the most valuable, according to a recent report from Edge Research, HCM Strategists, and D2 Strategies.
We had quite a few students who deposited, who committed to us, but when they received their bills in July, they realized that Mason wasn’t affordable for them, even after taking out the max in studentloans,” said Byrd. “It It definitely made us realize that we need to make a significant investment in need-based aid.”
That count helped us make the case to lawmakers that these students deserve focus and attention in policy discussions. It shows us risk factors for stopping out of education, like delaying enrollment after high school or enrolling part-time, and offers a comprehensive view of financialaid, loans, grants, and debts.
February is one of my favorite months of the year because it’s National FinancialAid Awareness Month. Throughout this month, all of us in the highereducation community make an extra effort to provide even more information about how to use and access financialaid for college. for financialaid.
Borrowing studentloans is a significant financial decision that can have long-lasting implications on your student’s future. While loans can help make highereducation more accessible, it’s crucial to approach borrowing with careful consideration and awareness.
As the gateway to federal financialaid for college, the Free Application for Federal StudentAid (FAFSA) is a crucial step for students and their families in securing funding for highereducation. This year, in particular, has presented many students for families seeking aid for college.
However, within the realm of highereducation – where the stakes are often much higher – there isn’t the same level of transparency. Without accurate information, many students apply ( or even commit ) to a college or university without complete information on how much it will cost them to attend.
This post is a continuation of the last two that summarized Modules 1 and 2 of the StudentLoan Entrance Counseling (SLEC). Module 3, “Federal StudentLoans”, is summarized in this post. SLEC ensures that a student understands their rights and responsibilities with Federal loans prior to entering into a loan agreement.
Blogs Your studentloan payments are due: 3 strategies to support community college students’ financial wellness When I think back to my time in college, studentloans were something that nearly everyone had, but not something any of us fully understood. They were a necessary evil to be addressed “later.”
Additionally, many of the support services available to first-time, full-time undergraduate students aren’t designed with adult learners in mind. Here's how to improve student success for adult learner populations Finances: Adult learners tend to be cost-conscious.
When a student is approved for a Federal studentloan for the first time, they’re required to complete StudentLoan Entrance Counseling (SLEC), an online course offered by the Office of Federal StudentAid (FSA), the agency within the U.S. This is why they’re often referred to as “gift” aid.
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