News Articles About Federal Aid

Negotiations and proposals for an economic stimulus package are being mulled over by lawmakers, ones that will ultimately affect school and education funding. Currently, student-loan borrowers are able enter forbearance on their student loans for 60 days without accruing interest. The U.S. Department of Education will also suspend student loan payments by borrowers who are over 31 days delinquent. The White House has already announced that it will waive the interest on federal student loan payments. Here are some of the recent developments in proposed relief for students, colleges and universities as part of the COVID-19 stimulus plan:

Coronavirus Stimulus Package: Higher Ed Edition

March 24, 2020 11:51 AM
by Susan Dutca-Lovell
Negotiations and proposals for an economic stimulus package are being mulled over by lawmakers, ones that will ultimately affect school and education funding. Currently, student-loan borrowers are
As part of Financial Awareness Month this February, Scholarships.com is bringing you a list of the most common FAFSA mistakes made in hopes that you will avoid them as your file your FAFSA. If you intend on attending college between July 1, 2020 and June 30, 2021, we encourage you to fill out your FAFSA – ASAP. Here are some common FAFSA mistakes to avoid:

Common FAFSA Mistakes to Avoid

February 26, 2020 12:34 PM
by Susan Dutca-Lovell
As part of Financial Awareness Month this February, Scholarships.com is bringing you a list of the most common FAFSA mistakes made in hopes that you will avoid them as your file your FAFSA. If you
The U.S. Department of Education's StudentAid.gov website debuted a variety of new tools, including a personalized loan simulator, new alert and notification system, and aid summary tool. These enhancements are some of the first of several upgrades to the website that will roll out in 2020, delivering on U.S. Secretary of Education Betsy DeVos' promise to modernize and personalize the customer experience with federal student aid, according to the news release. Here are the latest tools released and what they mean:

StudentAid.gov Debuts New Online Tools

February 25, 2020 10:59 AM
by Susan Dutca-Lovell
The U.S. Department of Education's StudentAid.gov website debuted a variety of new tools, including a personalized loan simulator, new alert and notification system, and aid summary tool. These
The U.S. Department of Education plans to forgive $1.3 billion in outstanding student loan debt for roughly 25,000 disabled U.S. military veterans, beginning in July. Until now, the Department of Education had required veterans to formally apply for student loan forgiveness - having them complete unnecessary paperwork to secure relief from their student loans, even after the Department of Veterans Affairs had found that a veteran met the legal requirements for disability-related loan forgiveness. In 2018, over 30,000 totally and permanently disabled veterans eligible for student loan forgiveness had not completed the necessary paperwork; a majority of which had defaulted on their student loans.

Student Loan Debt Forgiveness for U.S. Military Veterans

February 4, 2020 3:29 PM
by Susan Dutca-Lovell
The U.S. Department of Education plans to forgive $1.3 billion in outstanding student loan debt for roughly 25,000 disabled U.S. military veterans, beginning in July. Until now, the Department of
True love - at least for college-bound high school seniors and current college students - comes in the form of free college financial aid, especially during the month of February. This February is Financial Aid Awareness Month 2020, and Scholarships.com celebrates it with the rest of the higher education community by helping students and families navigate the college financial aid process and educating them about access to federal, state, and institutional college financial aid.

To help students strengthen their financial aid literacy, higher education institutions and organizations host webinars, field questions on social media and host weekly topics that allow parents and students to ask questions about college scholarships, college grants, FAFSA, student loans, and other ways to pay for college. During this upcoming Financial Aid Awareness Month, Scholarships.com will do what it has always done best. We'll be offering the best college scholarship opportunities and college scholarship information out there. As we see it, high school scholarships and college scholarships are the best types of college financial aid because they do not need to be repaid. To help kick off Financial Aid Awareness Month, Scholarships.com put together a list of high school and college student financial aid resources that you'll love.

Financial Aid Awareness Month - February 2020 Edition

January 30, 2020 10:42 AM
by Scholarships.com Staff
True love - at least for college-bound high school seniors and current college students - comes in the form of free college financial aid, especially during the month of February. This February is
If there is one thing upon which 2020 Presidential candidates and government officials agree, it is that something must be done to resolve the issue of college student debt, which has now outpaced credit card and auto debt. More than fifty percent of Americans believe that college student debt is a major problem, with the average college student currently graduating with $30,000 in student loan debt. Some of the proposed college debt plans - such as student loan forgiveness plans - would leave students debt-free, while others would offer new repayment and refinancing options. Here are some of the major changes that could take place in the near future:

Plans to Tackle Student Loan Debt in 2020

December 30, 2019 2:44 PM
by Susan Dutca-Lovell
If there is one thing upon which 2020 Presidential candidates and government officials agree, it is that something must be done to resolve the issue of college student debt, which has now outpaced
In response to the NCAA's vote to allow athletes to profit from their names, images and likeness, Senator Richard Burr of North Carolina has proposed taxing those scholarships. Senator Burr tweeted: If college athletes are going to make money off their likenesses while in school, their scholarships should be treated like income. I'll be introducing legislation that subjects scholarships given to athletes who choose to 'cash in' to income taxes.

NC Senator Proposes Taxing of Athletic Scholarships

October 31, 2019 4:02 PM
by Susan Dutca-Lovell
In response to the NCAA's vote to allow athletes to profit from their names, images and likeness, Senator Richard Burr of North Carolina has proposed taxing those scholarships. Senator Burr tweeted:
Dozens of suburban Chicago families have been using a legal loophole to help their children get need-based college financial aid and scholarships. By their parents' forfeiting legal guardianship, students are able to declare financial independence so they qualify for federal, state and university financial aid.

Parents Giving Up Guardianship for College Cash?

July 30, 2019 9:24 AM
by Susan Dutca-Lovell
Dozens of suburban Chicago families have been using a legal loophole to help their children get need-based college financial aid and scholarships. By their parents' forfeiting legal guardianship,
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