It is in the government’s best interest that its citizens be well educated. For that reason, there is a system to provide college monies for those who can demonstrate need.
To qualify for financial aid, a student must complete the FAFSA (www.fafsa.ed.gov) either on paper or online. Using the information from the FAFSA, the government determines [...]
With college costs continuing to rise, parents and students are increasingly turning to private lenders to cover the cost of tuition.
From 1995 to 2006, the amount of money borrowed from private lenders to pay for college rose from $1.3 billion to $17.3 billion, according to MSN Money columnist Liz Pulliam Weston. Why should this concern [...]
The House on Wednesday approved far-reaching changes in student aid programs, voting to slash $19 billion in federal subsidies to student lenders over five years, while increasing grants for needy students and halving interest rates on federally backed loans with the savings.
The bill passed 273-149, in a sometimes-raucous debate, with 47 Republicans joining Democrats, who [...]
The engrossed budget proposal the state House of Representatives released at the end of March includes $8 million for college financial aid, an increase of $3 million from the previous school year.
It still didn’t meet the $13.4 million requested by Gov. Janet Napolitano and the Arizona Board of Regents.
“Our goal was to make sure that [...]
Maria College has received a $7,500 grant from the New York State Higher Education Services Corp. to implement an online course to teach students about their finances.
The course is designed to educate students at the Albany, N.Y., college, and others, about student loans and repayment practices, as well as to equip them with practical financial [...]
A bill before Congress would cut billions in federal subsidies for the student loan industry and increase the amount of money available for needy students – with funding coming from the pockets of lenders. The industry is under assault after reports of unethical financial relationships between universities and private lenders.
Loan industry defenders say the [...]
Students planning to attend Texas A&M International University in the fall should apply for financial aid before August to take advantage of the maximum range of financial assistance available, an administrator said.Laura Elizondo, director of financial aid, said TAMIU awarded more than $27 million in financial aid last year. She said students should apply before [...]
Sallie Mae Senior Vice President Barry Goulding today testified at the Senate Banking Committee hearing, ‘Paying for College: The Role of Private Student Lending’ to demonstrate how Sallie Mae serves students and parents in the private education loan market.
Goulding emphasized Sallie Mae’s ‘1-2-3 approach’ to paying for college: 1) after tapping personal financial resources such [...]
If they haven’t already, millions of seniors graduating from high school will turn their attention over the next few weeks to paying for college.
Scholarships and grants — which don’t have to be paid back — are the best option, of course. But not everyone has the academic record for merit aid, or a great jump [...]
Lawmakers from all corners of Oregon are backing a new approach to college financial aid as the elixir to the state’s college-affordability woes.
But the plan is running into an affordability gap of its own, after fiscal analysts found that the costs could be 30 percent higher than originally thought.
On Friday, the House Education Committee unanimously [...]
ScholarshipPoints.com, a free service from the Student Loan Network, has announced its first quarter scholarship winners. Chris Wendorf, University of Wisconsin - Milwaukee, received the first-place scholarship of $1000; Jonald Allan Gonzalez, Brigham Young University - Hawaii, received the second-place $500 scholarship; and Helen Hawkey, University of Pittsburgh, took the third-place $250 scholarship. All three [...]
HARRISBURG - The state’s student loan agency, already the focus of negative publicity for its travel expenses, has a new critic.
The governor.
“It has to have a total housecleaning,” Gov. Rendell said of the Pennsylvania Higher Education Assistance Agency. “When the cost of college is more and more challenging to Pennsylvanians and their families, we can’t [...]