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Wealth-Based Pell Grant Could Reduce Student Debt and Racial Wealth Inequality

Diverse: Issues in Higher Education

Their research supports the creation of a wealth-based Pell Grant to supplement the traditional Pell Grant, which offers financial support to students from low-income backgrounds. The policy incorporates information already collected in the FAFSA form, which is used to distribute Pell Grants.

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Report Finds 100% of Incarcerated Borrowers in Default, Limiting their Access to Pell Grants

Diverse: Issues in Higher Education

On July 1 st , incarcerated Americans will re-gain access to Pell grants for the first time in nearly 30 years. But a new report has revealed that an important segment of this population may be largely left out: those who already have student loans.

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Understanding Financial Aid: Loans, Grants, and Work-Study Explained

CFAA College Financial Aid Advisors

Heres a few key terms that you need to know when it comes to loans, grants, and work-study! Loans: Loans can be a tricky part of your financial aid package. Grants: Grants are probably the most exciting part of your financial aid package because they dont have to be paid back!

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Education Department Begins Discharging Loans of Borrowers Alleging Fraud from Colleges

Diverse: Issues in Higher Education

Department of Education (ED) is now discharging student loans of borrowers alleging they were defrauded by their colleges after a federal judge recently ruled that a $6 billion settlement could proceed, The Washington Post reported. The judge of the case, U.S.

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Student Loan Deadlines for 2022-2023: COVID-19 Relief, FAFSA and Others

Student Loan Hero

What are the COVID-19 student loan relief deadlines for federal debt repayments? You may have heard some student loan servicers are closing shop — when does that happen? Over next two years: Many federal student loan servicer contracts due to expire. 1: Free Application for Federal Student Aid (FAFSA) opens.

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5 Big FAFSA Updates That Will Impact Your Financial Aid This Year

CFAA College Financial Aid Advisors

For students preparing to apply for financial aid, the Free Application for Federal Student Aid (FAFSA) is a crucial part of the process. The SAI, which replaces the EFC, is a more accurate and fair way to calculate need-based financial aid, especially for students from low-income backgrounds.

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5 Common FAFSA Myths Debunked: How to Pay for College

CFAA College Financial Aid Advisors

The FAFSA is an important part of the college application process, but it can feel a little bit larger than life if youve never completed the paperwork. For some students, the application feels overwhelming and instead of figuring it out or asking for help, they skip submitting it. Instead, complete your application.

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