News Articles About Financial Aid

More private colleges than ever before are charging $50,000 a year or more in tuition and other fees, according to an analysis of College Board data done by the Chronicle of Higher Education. Last year, only five colleges charged $50,000 a year or more for tuition, fees, room, and board. This year, 58 did.

$50K Becoming New Norm at Private Colleges

November 3, 2009
by Scholarships.com Staff
More private colleges than ever before are charging $50,000 a year or more in tuition and other fees, according to an analysis of College Board data done by the Chronicle of Higher Education. Last
Can college students correctly answer basic questions about federal student financial aid? Researchers from CALPIRG, the California Public Interest Research Group, sought to find out, asking California community college students three questions about financial aid. The results of the survey were published this week. The majority of students did not do so well, with over half of students answering one or zero questions correctly.

Survey Shows Students Know Too Little About College Aid

October 22, 2009
by Scholarships.com Staff
Can college students correctly answer basic questions about federal student financial aid? Researchers from CALPIRG, the California Public Interest Research Group, sought to find out, asking
Community colleges are becoming increasingly popular options for young people looking to save money on their college degrees. However, despite their initial college plans, community college students are statistically less likely to earn a degree within six years than students who enroll immediately in a four-year college or university.

Balancing Work and School Key to College Success

October 1, 2009
by Scholarships.com Staff
Community colleges are becoming increasingly popular options for young people looking to save money on their college degrees. However, despite their initial college plans, community college students
Financial aid programs that are simple and transparent are most effective for low-income students when it comes to not only getting those students to apply for the aid, but getting them enrolled in college at all, according to a scholarly paper released this week.

Research Shows Need for Simpler Financial Aid Process

September 30, 2009
by Scholarships.com Staff
Financial aid programs that are simple and transparent are most effective for low-income students when it comes to not only getting those students to apply for the aid, but getting them enrolled in
Colorado's CollegeInvest agency, an organization in charge of state loan forgiveness and scholarship programs, is facing criticism and increased scrutiny from the state's legislature after an audit revealed conflicts of interest and a surprisingly low number of scholarship awards being made by the board. The state legislature will now require the agency to report to them monthly to ensure proper oversight of the state's scholarship and student loan funds.

Audit Reveals Problems with Colorado Scholarship Program

September 30, 2009
by Scholarships.com Staff
Colorado's CollegeInvest agency, an organization in charge of state loan forgiveness and scholarship programs, is facing criticism and increased scrutiny from the state's legislature after an audit
Student veterans still waiting on their financial aid this fall have finally gotten a bit of relief from the Department of Veterans Affairs.  The VA announced Friday that due to delays in processing requests for veterans' education benefits under the new post-9/11 GI Bill, they will be issuing emergency checks of up to $3,000 available to students whose benefits are still pending. These advances will be available through regional VA offices starting October 2, and students will need to bring a photo ID, a class schedule, and a certificate of eligibility to receive them.  The emergency funds will come out of future benefits checks due to the students.

Student Veterans May Finally Receive Fall Financial Aid

September 29, 2009
by Scholarships.com Staff
Student veterans still waiting on their financial aid this fall have finally gotten a bit of relief from the Department of Veterans Affairs.  The VA announced Friday that due to delays in processing
A new study out today shows that it literally pays off to ask for help if you're feeling lost while filling out your FAFSA. The National Bureau of Economic Research has found that low- and moderate-income financial aid applicants who received help from professional tax preparers when filling out their FAFSAs not only received more generous aid packages, but were more likely to apply for aid compared to those navigating the process independently.

Study Shows FAFSA Help Boosts Financial Aid Packages

September 23, 2009
by Scholarships.com Staff
A new study out today shows that it literally pays off to ask for help if you're feeling lost while filling out your FAFSA. The National Bureau of Economic Research has found that low- and
For-profit career colleges have had a rocky history, being met with skepticism and criticism from traditional academic institutions, as well as undergoing a great degree of government scrutiny over the years, as some institutions have been revealed to engage in a variety of questionable practices. So, when the Government Accountability Office announced an investigation of proprietary institutions that participate in federal student financial aid programs, few in the education industry were surprised. The results of these investigations were released on Monday, and they indicate that in at least some cases, distrust towards career colleges may still be warranted.

More Scrutiny of Career Colleges Recommended

September 22, 2009
by Scholarships.com Staff
For-profit career colleges have had a rocky history, being met with skepticism and criticism from traditional academic institutions, as well as undergoing a great degree of government scrutiny over
The House of Representatives is poised to vote today on legislation to eliminate the Federal Family Education Loan Program and increase funding for Federal Pell Grants. The bill, currently known as the Student Aid and Fiscal Responsibility Act of 2009, is widely expected to be approved by the House, possibly with some amount of bipartisan support.  While most of the provisions in the bill have relatively widespread backing, one element has generated a fair amount of controversy. Under the proposed legislation, all federal student loans, such as Stafford Loans and Plus Loans, originated after July 1, 2010 would be part of the Federal Direct Loans Program, rather than the current bank-based system.

House Votes on Student Loan Bill Today

September 17, 2009
by Scholarships.com Staff
The House of Representatives is poised to vote today on legislation to eliminate the Federal Family Education Loan Program and increase funding for Federal Pell Grants. The bill, currently known as
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