News Articles About Financial Aid


When the recession hit in 2008, higher education officials wondered how – not if – enrollment numbers would be impacted. Three years later, the damage has been revealed...and it’s not what anyone anticipated.

The Recession: College’s Sorting Hat?

July 14, 2011
by Alexis Mattera
When the recession hit in 2008, higher education officials wondered how – not if – enrollment numbers would be impacted. Three years later, the damage has been revealed...and it’s not what anyone

Did you know that more than 70 colleges across the country have replaced loans with grants? That’s right: Schools are offering more free money to entice students to enter their hallowed halls, meaning they will not be saddled with the often-dreaded student loan payments after graduation. What institutions come out on top? Here are a few of the best aid policies, courtesy of the Washington Post’s Daniel de Vise:

Princeton University: The Tigers lead the pack time wise, first cutting loans in 1998 and nixing them completely in 2001.

Harvard University: After eliminating loans in 2008, Harvard implemented a “zero to 10” standard, which pledges families earning up to $180,000 will pay 10 percent of their income at most toward college-related fees.

Amherst College: The school replaced loans with grants and work-study for all students in Fall 2008 and the number of students eligible for Pell grants has nearly doubled to 23 percent as a result.

Claremont McKenna and Pomona: Loans were also phased out here in 2008 but not just to help poor students. Roger Huddle, a rising Pomona senior with a household income approaching $100,000, received enough aid to cover roughly two-thirds of the full cost of attendance.

Yale University: The New Haven-based Ivy meets full demonstrated need without loans, capping the contribution at 10 percent of income for families earning up to $130,000.

The Best Financial Aid Policies in Higher Ed

July 13, 2011
by Alexis Mattera
Did you know that more than 70 colleges across the country have replaced loans with grants? That’s right: Schools are offering more free money to entice students to enter their hallowed halls,

There’s good news and bad news regarding state aid for students. The good: State financial aid for college students, including grants, work-study and loans, rose by nearly 4 percent last year. The bad: Just about half of the states surveyed cut need-based grants, even as demand for financial aid increased.

The Good News and Bad News About State Aid for Students

July 11, 2011
by Alexis Mattera
There’s good news and bad news regarding state aid for students. The good: State financial aid for college students, including grants, work-study and loans, rose by nearly 4 percent last year. The

When most people start a new job, it takes a while for them to find their way and perfectly arrange their tchotchkes before they feel truly comfortable. Not Susan Herbst: She took over as president of the University of Connecticut just 22 days ago but she’s already made a huge impact on campus and beyond.

UConn's New President Donates $100K for Scholarship

July 7, 2011
by Alexis Mattera
When most people start a new job, it takes a while for them to find their way and perfectly arrange their tchotchkes before they feel truly comfortable. Not Susan Herbst: She took over as president

Working part-time while in school has its benefits because you are getting real work experience but if you don’t want the headache of balancing an outside job and school, there is another option: work-study.

The Perks of Work-Study

July 7, 2011
by Brittni Fitzgerald
Working part-time while in school has its benefits because you are getting real work experience but if you don’t want the headache of balancing an outside job and school, there is another option:

Before starting school, I didn’t know very much about college life but now that I will be in school a year beyond my expected graduation date, I know what I could have done to enter the real world sooner.

Graduating On Time: It CAN Be Done!

July 6, 2011
by Shari Williams
Before starting school, I didn’t know very much about college life but now that I will be in school a year beyond my expected graduation date, I know what I could have done to enter the real world

Students with hopes of obtaining college degrees in the state of Tennessee now have more issues to worry about other than just getting accustomed to the college lifestyle: Negotiations have been taking place that will place an even bigger burden on the financial status of students.

Financial Woes for Students in Tennessee

June 21, 2011
by Jessica Seals
Students with hopes of obtaining college degrees in the state of Tennessee now have more issues to worry about other than just getting accustomed to the college lifestyle: Negotiations have been

There are many things I wish I knew before I started college...or even a year or two in! Tips about what professors are difficult, what dining halls serve the best food and where to find the dorms with the most square footage are quite often available but the biggest tip – which you won’t realize until you’re done with school – is that college itself teaches you how to get by in life.

College: The Ultimate Life Lesson

June 16, 2011
by Radha Jhatakia
There are many things I wish I knew before I started college...or even a year or two in! Tips about what professors are difficult, what dining halls serve the best food and where to find the dorms
Figuring out the bottom line when it comes to the cost of your college education is definitely a stressful part of the process. With everything that goes into determining your financial aid package (your parents’ income, your earnings and your family’s net assets), it’s important to understand that merit aid – aid based on a student’s attributes (academics, athletics, extracurriculars, etc.) – is available to student regardless of their “need.” New federal rules are blurring the distinction between scholarships awarded on merit and grants awarded because of a student’s financial need – for instance, a growing number of colleges now award “need-based” aid to students from families earning six figures! Who would have thunk it?! So, we’ve compiled a few helpful tips to maximize your chances for merit aid and increase your overall financial aid package.

Helpful Tips on Maximizing Merit Aid

June 16, 2011
by Suada Kolovic
Figuring out the bottom line when it comes to the cost of your college education is definitely a stressful part of the process. With everything that goes into determining your financial aid package
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