News Articles About Financial Aid News

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,
 Three San Bernardino County women who have been accused of stealing $1 million in federal financial aid from Fullerton college, in California, have been arrested by the U.S. Justice Department and are charged with various counts of mail and wire fraud. The scheme involved enrolling hundreds of mainly non-existent students, successfully applying for grants and loans and pocketing the money.

3 Women Charged in $1M Student Financial Aid Fraud

July 2, 2019 11:07 AM
by Susan Dutca-Lovell
Three San Bernardino County women who have been accused of stealing $1 million in federal financial aid from Fullerton college, in California, have been arrested by the U.S. Justice Department and
Despite the possibility of earning free money for college, some current and prospective college students do not complete the FAFSA - perhaps because the form is confusing and lengthy. Instagram influencers and college bloggers are stepping in and have teamed up with the U.S. Department of Education to encourage more students to fill out their FAFSA with the hashtag #ButFirstFAFSA.

Insta Influencers Involved with Student FAFSA?

February 12, 2019 4:04 PM
by Susan Dutca-Lovell
Despite the possibility of earning free money for college, some current and prospective college students do not complete the FAFSA - perhaps because the form is "confusing and lengthy." Instagram
Parents of boys are more likely to pay the entire cost of college than those who have girls, according to a 
new study from T. Rowe Price. They are also more willing to prioritize saving for their sons' college over their own retirement.

Parents Save More for Sons’ College Education

September 26, 2017 9:39 AM
by Susan Dutca-Lovell
Parents of boys are more likely to pay the entire cost of college than those who have girls, according to a new study from T. Rowe Price. They are also more willing to prioritize saving for their
By a unanimous vote, the U.S. House of Representatives passed a bill Monday to expand Post-9/11 GI Bill benefits. Among other benefits, there will no longer be a 15-year limit on the use of postsecondary education benefits.

House Passes New GI Bill Benefits

July 25, 2017 11:23 AM
by Susan Dutca-Lovell
By a unanimous vote, the U.S. House of Representatives passed a bill Monday to expand Post-9/11 GI Bill benefits. Among other benefits, there will no longer be a 15-year limit on the use of
The U.S. Department of Education will offer a contract to a single loan servicer to manage its $1.2 trillion student loan portfolio, which contains over 43 million borrowers. Instead of keeping its current contract with four different services, the ED will award Navient, GreatNet or the Pennsylvania Higher Education Assistance Agency (PHEAA) the contract. What exactly does this mean for borrowers?

Department of Education Seeking Single Loan Servicer

May 23, 2017 10:23 AM
by Susan Dutca-Lovell
The U.S. Department of Education will offer a contract to a single loan servicer to manage its $1.2 trillion student loan portfolio, which contains over 43 million borrowers. Instead of keeping its
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