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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

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Why Scholarships Are Vital for Low-Income Students and Families

Scholarship America

For students from low-income families, college can be a massive catch-22: higher education has never been more important, but it’s also never been more expensive. Private-sector scholarships can make a huge difference when it comes to filling the affordability gap for low-income students.

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

CFAA College Financial Aid Advisors

If that happens to your family, here’s a few ideas of how to find money to pay for college after financial aid: Contact the Financial Aid Office(s): If there is a school that particularly appeals to your student, you can contact the financial aid office and ask if there are any other options for receiving more financial aid.

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Biden-Harris Administration Proposes 9% Increase for TRIO in FY24

COE

COE applauds this proposed increase as it would allow TRIO programs to move closer to its goal of serving 1 million students and provide much-needed cost-of-living increases for all current programs to serve students more intensively. million, respectively. We have much work to do. as we kick off our annual fight for TRIO funding.

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How Does Early Decision Affect Financial Aid?

Student Loan Hero

Early decision (ED) is when a college accepts a student months before the regular acceptance date. This binding agreement could be a problem for students needing financial aid. If the financial aid package falls short, you’ll likely need to take out student loans or break your binding agreement.

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President Biden Releases FY25 Budget Request to Congress

COE

More specifically, the Administration’s request calls for a $15 million increase in the Student Support Services program and $5 million to “support national activities that include technical assistance, national outreach, and information dissemination.” This ask includes the $20 million proposal by the U.S.

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A Major Flaw in the IDR Account Adjustment: Excluding Time in Default

NCLC Student Loan Borrower Assistance

By Kyra Taylor , National Consumer Law Center and Winston Berkman-Breen , Student Borrower Protection Center This blog is the third post in a three part series about the IDR Account Adjustment and the continued flexibilities available to borrowers seeking Public Service Loan Forgiveness. Did you default on your federal student loans?