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Once known for its innovative tuition-free model, Olin College began scaling back its generous financialaid programs in 2010. By 2026, merit scholarships will be reduced to $10,000 annually, a move aimed at ensuring long-term sustainability.
Department of Education released its annual update to the Federal Need Analysis Methodology for the 2026–27 award year. This methodology determines students’ eligibility for federal financialaid programs, including Pell Grants, Federal Work-Study, Supplemental Educational Opportunity Grants (FSEOG), Direct Loans, and TEACH Grants.
SOURCE: Comment Request: 2026-2027 Free Application for Federal Student… More Public Comment Request for the 2026-2027 FAFSA due on or before June 13 The post Public Comment Request for the 2026-2027 FAFSA due on or before June 13 first appeared on College Aid Services.
Lets talk about why early financialaid planning is so important to your college journey! While thats true, the earlier you start thinking about financialaid, the more options and opportunities you’ll have. Plus, financialaid doesnt just help pay for tuitionit can cover things like books, housing, and meal plans.
Last Friday, FSA announced the release of the 2026–27 Student Aid Index (SAI) and Pell Grant Eligibility Guide. This guide includes the methodology for determining eligibility for federal student aid, and the worksheets and tables used to determine a student’s SAI for the 2026–27 award year.
The good news is that financialaid is available to help make college more affordable. Heres a guide to understanding financialaid and what you can do now to prepare for the future. What is FinancialAid? Financialaid is money provided to help you pay for college.
But before you get too caught up in the excitement of graduation, lets talk about something thats just as important: college financialaid. If you think financialaid prep starts in the fall of senior year, think again! Its never too early to start getting ready for college financialaid applications.
An expert in psychology, she will return to being faculty in fall 2026 after a two-year sabbatical. During her tenure, Cassidy eliminated loans as part of the financialaid package for students with family incomes below $60,000; reduced loans for others; and led a $301 million fundraising campaign.
The college adopted a test-optional policy for applicants to the Classes of 2025, 2026, and 2027 and a test-recommended policy for applicants to the Class of 2028 in response to the COVID-19 pandemic, according to Lee Coffin, the college’s vice president and dean of admissions and financialaid.
Department of Education has released updated variable interest rates for certain Federal Family Education Loan (FFEL) Program loans for the period from July 1, 2025, to June 30, 2026. These rates apply to older variable-rate loans, as newer loans issued after July 1, 2006, have fixed interest rates.
FSA has released the June 2025 update to the 202627 FAFSA Specifications Guide, a comprehensive resource for financialaid administrators, software developers, and data processing professionals. This guide provides detailed information on integrating and managing electronic FAFSA data within institutional systems.
FSA has published Volume 8 of the 2025-2026 Federal Student Aid Handbook. 2025-2026 Federal Student Aid Handbook Volume 8: The Direct Loan Program – This volume discusses the William D. Ford Federal Direct Loan Program (Direct Loan Program) and describes how the U.S.
Assemblymember Marc Berman California state legislators are considering a bill designed to ensure that students who are parents can get the most out of their student financialaid. If signed into law, the bill’s new data collection requirements would go into effect on or before the start of the 2026–27 academic year.
The following volumes were updated: Volume 3: Combination System Supplement 2025-2026 COD… More 2025-26 COD Technical Reference (March 2025 Update) The post 2025-26 COD Technical Reference (March 2025 Update) first appeared on College Aid Services.
FSA has released the May 2025 update to the 202627 FAFSA Specifications Guide, a comprehensive resource for financialaid administrators, software developers, and data processing professionals. This guide provides detailed information on integrating and managing electronic FAFSA data within institutional systems.
1 of 2025 (the Big Beautiful Bill ), which, in Title III, proposes major changes to Federal student aid programs. The changes in Title III take effect on July 1, 2026, and apply to award year 2026–27 and subsequent years. billion for academic year 2026-27, and $3.743 billion for academic year 2027-28.
Understanding how to get college financialaid can be confusing, especially for parents. The Free Application for Federal Student Aid (FAFSA), now shorter than its predecessor, is a key part of getting money to help pay for your child's college education. >>RELATED: FinancialAid Guide Who Fills Out the FAFSA? . >>RELATED:
Federal Direct Loans are government-backed financialaid options provided by the U.S. Direct Subsidized Loans offer an initial interest-free period during college years for eligible borrowers, making them an attractive option for those who can demonstrate financial need. For the 2025-26 school year, it is June 30, 2026.
Financialaid forms may seem overwhelming, but they’re your ticket to unlocking the financial support you need. For high school juniors and seniors, now is the perfect time to dive into financialaid terms – and build a better understanding of them all. But, that’s why I’m here at CFAA! The good news?
As we approach the 2025-2026 academic year, financialaid offices across the country are facing a new challenge: the delayed release of the Free Application for Federal Student Aid (FAFSA) until December 1, 2024. For many colleges and universities, this … Read more ».
As we continue to navigate the 2024-2025 academic year and prepare for 2025-2026, we are facing some of the most significant changes our industry has ever seen. Let’s seize this opportunity to share our knowledge and insights with one another!
There’s paperwork to submit, essays to write, and financialaid applications to send in. The most important financial document that students will file with their families this fall is the FAFSA, the Free Application for Federal Student Aid. For the 2025-2026 application cycle, the FAFSA will come online in December.
Whether your family is paying for part of your college degree, or you’re covering it all yourself, there’s a good chance you’ll need to rely on financialaid. Start with FAFSA If you are not yet familiar with the term FAFSA (Free Application for Federal Student Aid), now’s the perfect time to learn about it all!
Receiving a financialaid offer can be both exciting and overwhelming for college-bound students and their families. While grants and scholarships provide much-needed assistance, loans often make up a significant portion of the aid package. Spots for the 2025-2026 school year are open and are going quickly.
This data will be utilized in the 2026–27 Free Application for Federal Student Aid (FAFSA®) processing cycle. first appeared on College Aid Services. Key… More » Operational Information – Reporting Calendar Year 2024 Federal Work-Study Earnings to the COD System Using the Campus-Based XML Schema Version 1.0b
As we prepare for the 2025-2026 FAFSA cycle, the U.S. Department of Education has issued important updates on verification requirements. Here’s what you need to know: 1. Tax and Income Verification: For students whose tax data is transferred directly from … Read more ».
In 2026, 7,580 scholarships will be available to young people who take the PSAT/NMSQT in October 2024. The National Merit Scholarship Program, by requiring a test score from standardized testing, is just one notable instance where test-taking and financialaid are hardwired together.
The world of financialaid can be daunting, especially when it comes to understanding the Free Application for Federal Student Aid (FAFSA). But, due to recent changes in the form, this year’s FAFSA for the 2025-2026 school year will be available starting December 1st. Miss one and you could miss out.
The most recent failure in the rollout of the new Free Application for Federal Student Aid (FAFSA) will leave many college students without critical financialaid as the fall semester approaches. Some college students might not have financialaid dollars in their hands in time to start classes in the next few weeks.
The most recent failure in the rollout of the new Free Application for Federal Student Aid (FAFSA) will leave many college students without critical financialaid as the fall semester approaches. Some college students might not have financialaid dollars in their hands in time to start classes in the next few weeks.
Department of Education has announced that sequester-required changes to Title IV federal student aid programs for Fiscal Year 2026 (FY 26) will remain consistent with those from FY 25.
Subtitle A – Student Eligibility Under the proposed law, there will be major changes in how financialaid eligibility is calculated. Under the proposed rule, each student’s aid would be based on the median cost of attending a similar academic program nationally. The bill has been assigned to a Senate committee for review.
Federal Student Aid has released the drafts of the 2026-27 FAFSA application materials, with the financialaid community having until April 7, 2025, to submit their feedback for consideration.
To learn more about Perkins loan cancellation and apply, speak with your loan servicer and school’s financialaid office. Federal employee student loan forgiveness Whether or not you qualify for PSLF, federal employee student loan forgiveness could be another option for aid. How do you apply?
Federal Student Aid has released the first portion of the 2026-27 FAFSA Specifications Guide, which contains technical information related to the FAFSA Processing System (FPS) for the 2026-27 award year. Currently, the volume(s) below are available only in Excel spreadsheet format at this time.
The Office of Management and Budget (OMB) has approved the 2024-25 Fiscal Operations Report and Application to Participate for 202627 (FISAP). FSA has posted the FISAP Form, Instructions, and Desk Reference to the Knowledge Center.
Department of Education has announced the interest rates for federal Direct Loans first disbursed between July 1, 2025, and June 30, 2026. Prospective… More 202526 Direct Loan Interest Rates Announced The post 202526 Direct Loan Interest Rates Announced first appeared on College Aid Services.
Available Volumes: Volume 1: Getting Started 2025-2026 COD Technical Reference: Volume 1:… More 2025-26 COD Technical Reference (February 2025 Update) The post 2025-26 COD Technical Reference (February 2025 Update) first appeared on College Aid Services.
House Republicans have unveiled sweeping legislation that would dramatically reshape federal student aid programs, potentially making college more expensive for millions of students while cutting federal spending by an estimated $185 billion over the next decade.
For Georgia's educational institutions, particularly those serving diverse populations, the 2026 gubernatorial election could prove pivotal in determining state support for higher education, financialaid programs, and workforce development initiatives in the years ahead.
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