News Articles About Federal Aid

Between the new, hidden COVID-related college fees and increased demands for tuition rebates, financial aid and leaves of student absences, college affordability is a top concern for parents and students in the midst of the coronavirus pandemic. Aside from changing schools, taking a gap year or delaying enrollment, families are largely dependent on college financial aid now more than ever.

Top 10 Colleges for Financial Aid in Wake of COVID-19

August 20, 2020 3:02 PM
by Susan Dutca-Lovell
Between the new, hidden COVID-related college fees and increased demands for tuition rebates, financial aid and leaves of student absences, college affordability is a top concern for parents and
Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation that would allow students with no income to forgo federal student loan repayments. His recommendations, which he developed with bipartisan support, would also simplify the FAFSA and reduce the number of federal loan repayment options from nine to two.

Senator Outlines Student Loan Relief in New Proposal

July 30, 2020 11:49 AM
by Izzy Hall
Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation
The FAFSA is a critical tool for both applying to colleges and applying to scholarships – in fact, need-based scholarships often require that you submit the FAFSA as part of your application. So, in a time of economic uncertainty caused by the coronavirus pandemic, it’s surprising to learn that many low-income and minority students did not submit the FAFSA for the upcoming academic year even though they would’ve been eligible for federal aid. At Scholarships.com, we don’t want students to miss out on any form of college financial aid. Applications for the next academic year will open soon, so get prepared by reviewing these FAFSA facts.

The FAFSA: Why You Should File (And How!)

July 23, 2020 3:47 PM
by Izzy Hall
The FAFSA is a critical tool for both applying to colleges and applying to scholarships – in fact, need-based scholarships often require that you submit the FAFSA as part of your application. So, in
If you're worried about how you will pay for college during the COVID-19 pandemic, you're not alone. Students and families are concerned about the college financial ramifications as a result of the coronavirus pandemic, and higher education institutions are anticipating an increase in students' financial aid need, as well as a large number of college financial aid appeals. Fortunately, there are ample options and resources to help you pay for college these coming semesters. Explore the various options to find out which works best for your situation - from scholarship deadline extensions to relief provided through the CARES Act and more.

Paying for College during Coronavirus

June 26, 2020 3:48 PM
by Susan Dutca-Lovell
If you're worried about how you will pay for college during the COVID-19 pandemic, you're not alone. Students and families are concerned about the college financial ramifications as a result of the
Are you dealing with student debt? You’re not alone. The amount of student debt that Americans owe is a staggeringly-high $1.7 trillion dollars and growing. Almost 70% of graduating high school seniors from the Class of 2019 took out student loans, and it’s likely that percentage will only increase for the Class of 2020. If you’re looking for some help managing your student loans, here are a handful of free and low-cost online resources that can help.

Want Help with Student Debt? Try These Resources

June 12, 2020 9:54 AM
by Izzy Hall
Are you dealing with student debt? You’re not alone. The amount of student debt that Americans owe is a staggeringly-high $1.7 trillion dollars and growing. Almost 70% of graduating high school
Scholarships are free money to go to college… right? The majority of the time, that holds true. But there are times where students may have to pay taxes on scholarship funds. While normally tax-free, the IRS states that if scholarship funds are used for “incidental expenses” like housing, transportation or meal plans, those funds must be included in a student’s gross income statement. Even scholarships intended to be used for room and board or for meal plans at school must be reported.

Will You Pay Tax on Your Scholarships?

June 5, 2020 1:53 PM
by Izzy Hall
Scholarships are free money to go to college… right? The majority of the time, that holds true. But there are times where students may have to pay taxes on scholarship funds. While normally tax-free,
Traditionally, May 1 is National Decision Day, the deadline by which high school seniors commit to their desired college or university by signing their Letters of Intent to enroll. This year, due to the novel coronavirus pandemic, many colleges have postponed the deadline until June 1. Most students will have received their college admissions acceptance letters by April 1 and the good news is that this deadline extension gives them some extra time in making presumably the biggest decision of their current lives. Now that you may have some more time to deliberate on which college you'd like to attend, quickly run through these checklists to ensure you're truly ready for the big day!

May 1 is National Decision Day 2020

April 24, 2020 10:21 AM
by Susan Dutca-Lovell
Traditionally, May 1 is National Decision Day, the deadline by which high school seniors commit to their desired college or university by signing their Letters of Intent to enroll. This year, due to
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