article thumbnail

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. According to the Department of Education, about six million students received Pell Grant funding in the 2020 – 2021 academic year. The total student loan debt reached $1.75

article thumbnail

Why Scholarships Are Vital for Low-Income Students and Families

Scholarship America

If college were accessible and affordable, students with high financial need would have a better chance to break the cycle of generational poverty; instead, the struggle to pay for higher education can leave them in dire financial straits. Scholarships can help fill that gap. However, the scholarship industry needs to evolve.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Close the Gap Between Financial Aid Offers and the Cost of College

CFAA College Financial Aid Advisors

Any financial aid offer letters received will outline the amount of scholarships, grants, and loans you can expect. The school may have additional funds for low-income students or may be able to point you in the direction of other scholarships. From there, they are able to offer financial aid accordingly.

article thumbnail

How Does Early Decision Affect Financial Aid?

Student Loan Hero

You might not get merit-based scholarships. You might still be waiting to hear from scholarship organizations. If the financial aid package falls short, you’ll likely need to take out student loans or break your binding agreement. For low-income students, this deadline might feel too rushed to decide on a college.

article thumbnail

What Can the Class of 2023 Expect This Fall?

Scholarship America

Those students’ high school careers were thrown into disarray by the COVID pandemic. But, as higher education settles into its post-pandemic reality, what can those students expect to face—and how can private-sector scholarships help as they work toward their associate’s, bachelor’s and graduate degrees? Costs will keep rising.

article thumbnail

Consider Best Value Colleges

College Planners of America

News 2024 Best Colleges rankings) relative to the average discounted tuition paid by 2022-23 full-time undergraduates after receiving need-based scholarships and grants. The percentage of all full-time 2022-23 academic year undergraduates receiving need-based scholarships or grants. Weight = 50%. Weight = 20% 3. Weight = 20% 4.

article thumbnail

From College to Careers: The Pell Institute Receives $748,000 Ascendium Grant to Explore Career Development within TRIO Programs

COE

. ### The Council for Opportunity in Education (COE) is a nonprofit organization established in 1981, dedicated to expanding college opportunities for low-income, first-generation students and students with disabilities. As a 501(c)(3) nonprofit organization, we fund initiatives across the U.S.

Grant 98