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Understanding President Obama’s Student Aid Bill of Rights Initiative


Mar 13, 2015
The financial aid process can be a daunting one but if you're planning on attending college any time soon, you should know that there are tons of federal student aid options available. From Pell Grants to Perkins Loans to the FAFSA, the funding is out there but your eligibility to receive aid depends on your level of need and, subsequently, how much aid you are eligible to receive. Translation: For the majority of students, loans are inevitable. But don't fret just yet because President Obama announced the Student Aid Bill of Rights initiative to help student borrowers with the challenging student loan process. What it does: Helps borrowers keep track of their student loans. For years, consumer groups and colleges have been warning that borrowers with more than one servicer are [...]
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21 months ago 7 comments

With a new year comes a new Congress under new-ish management. Republicans will control the Senate for the first time in eight years, while the House of Representative will have its largest Republican majority in since 1928. But what does any of that have to do with higher education? Here are five predictions, courtesy of The Chronicle of Higher Education: Gridlock will continue. The [...]

23 months ago 0 comments Read More

Though it's a day off from school and work, New Year's Day is also a day to get down to business. While you’re starting in on your New Year's resolutions, opening up a new calendar, and packing up the holiday decorations, there’s one more thing that college students and college-bound high school students should do each January. The Department of Education starts accepting the Free Application for [...]

23 months ago 0 comments Read More

Figuring out the bottom line when it comes to the cost of your college education is definitely stressful. 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 like (academics, athletics, extracurriculars, etc.) is available to [...]

29 months ago 0 comments Read More

When it comes to the Free Application for Federal Student Aid (FAFSA), a decimal point could make a world of difference: An update to this year’s FAFSA has cost some low-income filers a chance at some serious federal student aid. For the 2014-15 FAFSA, the government expanded several income and asset fields in the online form to accommodate higher incomes. Herein lies the problem: Some [...]

29 months ago 3 comments Read More

The financial aid process can be a daunting one but if you're planning on attending college any time soon, you should know that there are tons of federal student aid options available. From Pell Grants to Perkins Loans to FAFSA, the funding is out there but your eligibility to receive aid depends on your level of need and, subsequently, how much aid you are eligible to receive. Translation: For [...]

30 months ago 6 comments Read More

While the road to a college degree may include countless detours, it’s essential to understand the importance of financial aid and filling out the FAFSA. But don’t just take my word for it – President Obama agrees: Last week, the President announced an initiative that would encourage more students to apply for federal student aid. Under the FAFSA Completion Initiative, the Department of [...]

33 months ago 0 comments Read More

While the road to a college degree may include countless detours, it’s essential to understand the importance of financial aid and filling out the FAFSA. But don’t just take my word for it – President Obama agrees: Last week, the President announced an initiative that would encourage more students to apply for federal student aid. Under the FAFSA Completion Initiative, the Department of [...]

33 months ago 0 comments Read More

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 [...]

34 months ago 0 comments Read More

Figuring out how you're going to pay for your college education can be daunting. And while no one would argue that filling out the FAFSA is an important piece of the financial aid puzzle, it seems that some colleges might be making the process more complicated...and costly. Rep. Elijah E. Cummings of Maryland alleged this week that more than 100 universities – including dozens of elite and Ivy [...]

34 months ago 0 comments Read More

Though it’s a day off from school and work, New Year’s Day is also a day to get down to business. While you’re starting in on your New Year’s resolutions, opening up a new calendar, and packing up the holiday decorations, there’s one more thing that college students and college-bound high school students should do each January. The Department of Education starts accepting the Free Application for [...]

35 months ago 0 comments Read More

Unless you plan on paying for your college education out-of-pocket, completing the Free Application for Federal Student Aid (more commonly known as the FAFSA) is essential in your quest for financial aid. For the uninitiated, the FAFSA is used by the Department of Education to determine your eligibility for federal student financial aid for college, including the Pell Grant, federal work-student [...]

38 months ago 0 comments Read More

The Department of Education has recently announced that the FAFSA will soon undergo a few changes to accommodate students with same-sex or unmarried parents who cohabit in order to more accurately ascertain an applicant’s financial situation. The forms, which will be introduced for the 2014-15 school year, will allow students to designate their parents as “Parent 1 (father/mother/stepparent)” [...]

43 months ago 2 comments Read More

Figuring out how you’re going to pay for your college education can be intimidating. No one wants to pay off student loans for the rest of their lives, full-tuition scholarships are rare and federal student aid seldom covers all college costs but if you’re lucky enough to have a parent or relative willing to help curb the financial strains, it’s important to note that college savings plans are [...]

46 months ago 0 comments Read More

Though it’s a day off from school and work, New Year’s Day is also a day to get down to business. While you’re starting in on your New Year’s resolutions, opening up a new calendar, and packing up the holiday decorations, there’s one more thing that college students and college-bound high school students should do each January. The Department of Education starts accepting the Free Application for [...]

47 months ago 0 comments Read More

For those of us who cannot afford large out-of-pocket expenses for college, financial aid is our only option. Many, if not all, universities require their students to fill out the Free Application for Federal Student Aid – aka the FAFSA – which uses your family’s finances and taxes in order to best determine how much aid you get. It can be confusing but it is definitely worth your time to file [...]

57 months ago 0 comments Read More

With the economy in a rut, the unemployment rate declining at a sluggish pace and the cost of a college education rising at an astronomical rate, now is the time to consider your options. Here at Scholarships.com, we can’t stress enough the importance of applying early and often for scholarships and financial aid, but when a college education is still just out of reach, some universities are [...]

64 months ago 0 comments Read More

A few months back, we wrote about helpful tips on maximizing merit aid, or aid based on a student’s attributes like academics, athletics and extracurriculars. For college applicants who aren’t deemed financially needy in terms of their FAFSA or EFC, merit aid can make a huge difference in the schools they can realistically afford to attend. Students and families seeking this extra financial aid [...]

64 months ago 0 comments Read More

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 [...]

66 months ago 0 comments Read More

In February, we read a New York Times article about students getting married to save on tuition and asked our Facebook friends and Twitter followers if they, too, would get hitched if it meant they’d pay less for school. The responses? Mixed, but the topic is still hot four months later. State aid is down, tuition is up and students are stuck in a tough position these days. While some are [...]

66 months ago 0 comments Read More

When people hear I’m getting ready to leave on my third study abroad, there are no questions asked – just resentful looks that say ‘Well, aren’t you the cultured little rich girl.’ Okay, maybe the looks aren’t that venomous but the idea holds true. If you are considering studying abroad but think you can’t afford it, listen up: You can. My first study abroad was paid for in the way many [...]

67 months ago 0 comments Read More

If you are attending college, you probably need some form of financial aid to pay for tuition, room and board, books and other living expenses. Next year, it’s likely you’ll need a little bit more. The Columbus Dispatch recently reported the number of students in the U.S. who have filed forms for federal financial aid for the 2011-2012 academic year has increased by about 1 million from [...]

68 months ago 0 comments Read More

With just over a week left to enter our “You Like Me…You Really Like Me” Facebook Scholarship, we wanted to remind our fans of a key piece of the judging criteria: The person who best describes how Scholarships.com is helping them prepare for and afford college will win the $1,000 prize. So, while we love hearing that you heart us, we’d much rather have you detail how, for example, our blog post [...]

69 months ago 0 comments Read More

Applying for scholarships requires hard work, creativity and time...not boatloads of cash, frustration and empty promises. Each year, however, students are duped into ponying up exorbitant application fees for scholarships they aren’t even guaranteed to win. This is just plain WRONG, people – scholarships are supposed to be free money for college! – and while we’re betting you’ve already [...]

70 months ago 0 comments Read More

Ladies and gentlemen, prospective and current college students, I (or the federal government, rather) give you the 2011-2012 Free Application for Federal Student Aid (FAFSA). Hooray! Vacuum up the confetti because it’s time to get down to business. January 1st marks the first day college-bound seniors, continuing undergraduate and graduate students, and their parents can begin filling out [...]

72 months ago 0 comments Read More