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Originally established to exclude certain populations of students, legacy admissions provides a significant boost to children of ultrawealthy families who apply to elite institutions. Legacy admissions has an even more corrosive influence: It widens equity gaps in higher education.
A proposed federal financial aid policy could change the lives of postsecondary students, particularly Black and Latinx students, by allowing them to spend less out-of-pocket for their degrees and prevent the accumulation of student debt, which remains financially crippling for many graduates.
Department of Education (ED) Office of Federal Student Aid. Richard Cordray “We are grateful for Rich Cordray’s three years of service, in which he accomplished more transformational changes to the student aid system than any of his predecessors,” said U.S. Secretary of Education Dr. Miguel A.
High school seniors who are ready to unlock financial aid and take the next step toward your education, it’s time to file your FAFSA. Completing the FAFSA (Free Application for Federal Student Aid) is one of the most important tasks you’ll need to tackle as you prepare for college. After you’ve signed, hit submit!
For students preparing to apply for financial aid, the Free Application for Federal Student Aid (FAFSA) is a crucial part of the process. With recent changes to the FAFSA process, it’s important to stay informed about whats going on. Hopefully this makes higher education more affordable!
If you’re planning on attending college and need financial aid, then filling out your Free Application for Federal Student Aid (FAFSA ) is an essential step. But its not just about submitting the FAFSA you need to be aware of the deadlines to make sure you dont miss out on the financial assistance you need.
What are the COVID-19 studentloan relief deadlines for federal debt repayments? When do you need to file your FAFSA for this year? You may have heard some studentloan servicers are closing shop — when does that happen? Over next two years: Many federal studentloan servicer contracts due to expire.
But while higher education experts celebrate the new value of the Pell Grant and how much it can help students in need, many agreed the amount is not enough to combat the rising cost of living and tuition. “We The total studentloan debt reached $1.75 Linda Oubré, president of Whittier College in California. Dr. Ivory A.
But the reality is that there are no income limits with the Free Application for Federal Student Aid (FAFSA); any eligible student can fill out the FAFSA to see if they qualify for aid. What types of federal student aid are available? Figuring out your financial need with the FAFSA.
Update on January 10, 2025: We are providing an update on the implementation of the National StudentLoan Data System (NSLDS) post-screening function for the 2024-25 FAFSA cycle. In July, the Department indicated that post-screening functionality would be available by the end of 2024.As
Studentloans may be inevitable if you’re in college or planning to attend soon. As education costs continue to climb, more students turn to studentloans to help cover the cost of attending a college or university. The post How To Fill Out The FAFSA appeared first on StudentLoan Planner.
Whether youre planning to attend college soon or just thinking about your future, understanding the different types of financial aid you might receive is key to making smart decisions about paying for your education. Heres a few key terms that you need to know when it comes to loans, grants, and work-study!
Now, new research—one of the largest educational studies ever performed—has revealed both the power and the limits of these programs: direct admissions led to more students applying to college, but it did not mean that more of them would actually enroll. Whereas white students who received a direct admissions offer were 2.4
Higher education becomes even more expensive when students receive their financial aid offers – and theyre smaller than everyone hoped. This can free up funds for other areas of your education. Reach out to your academic department or student affairs office to inquire about these opportunities.
But remember: early rejection doesnt mean the end of your educational journey. Your educational journey is uniquely yoursdont let a single rejection define the entire experience. As a financial aid expert, I know how much planning and dedication goes into preparing for college. The key is to channel your energy into something positive.
Understand LoansLoans are another part of your financial aid package that you need to take seriously. Unlike grants and scholarships, loans must be paid backoften with interest. When comparing offers, look closely at how much youre being offered in studentloans.
It’s the next big step in your educational journey, but theres one big thing that might cause some stress for you and your family: how to afford it. The FAFSA is one of the most important applications youll fill out, and it opens every year on October 1st. The idea of college can be both exciting and overwhelming.
One of the biggest questions students and families face is how to pay for higher education. Loans : Money that must be repaid, typically with interest. Work-Study : A program that allows you to work part-time during college to earn money to help pay for your education. When Should You Start Planning?
Borrowing studentloans is a significant financial decision that can have long-lasting implications on your student’s future. While loans can help make higher education more accessible, it’s crucial to approach borrowing with careful consideration and awareness.
For students heading to college, there is an immense pressure that comes with managing academic responsibilities and trying to determine how to pay for school. For many, financial aid is crucial to making higher education accessible. Your education and success are worth fighting for!
As students prepare for the exciting journey of attending college, one of the most important steps you’ll take is filling out the Free Application for Federal Student Aid, or FAFSA. How to Apply for FAFSA Before you dive into the FAFSA, gather all the necessary documents. Let’s break down how to get started!
The world of financial aid can be daunting, especially when it comes to understanding the Free Application for Federal Student Aid (FAFSA). This form is one of the most important for students and families to file, if not the most important form to be completed. Most students won’t have more than 20, but it’s good to know!
This post is a continuation of the last two that summarized Modules 1 and 2 of the StudentLoan Entrance Counseling (SLEC). Module 3, “Federal StudentLoans”, is summarized in this post. SLEC ensures that a student understands their rights and responsibilities with Federal loans prior to entering into a loan agreement.
Updates to the FAFSA Have Delayed College Financial Aid for Millions The Free Application for Federal Student Aid (FAFSA) has undergone some major updates for the 2024-2025 application cycle. Unfortunately, many families and students are wondering exactly where the FAFSA is. When is the FAFSA due?
Federal studentloans are a popular way to pay for college since they offer low-interest rates and flexible repayment terms. However, the Department of Education sets studentloan limits, restricting how much you can borrow per year and in total throughout your entire educational career. PLUS Loan limits.
Blogs Your studentloan payments are due: 3 strategies to support community college students’ financial wellness When I think back to my time in college, studentloans were something that nearly everyone had, but not something any of us fully understood. Specifically, we weren’t educated on how to repay them.
How the FAFSA is Making Financial Aid More Accessible to Families Nationwide In the last year and a half, the Free Application for Federal Student Aid – or FAFSA – has undergone major changes to make the application easier to complete for students nationwide. Who should file the FAFSA?
Two of the most important forms you’ll encounter are the FAFSA (Free Application for Federal Student Aid) and the CSS Profile. These forms are essential for both high school students entering college and current college students seeking financial aid.
A Soft Launch of This Year’s Financial Aid Application is Causing Frustration For months, parents, students, and financial aid experts alike have been waiting for the 2024-2025 FAFSA to go live. The Education Department opened the FAFSA this month – in a soft launch that’s causing confusion and frustration for applicants.
What We Know About the New FAFSA and Financial Aid Offers As a result of the FAFSA Simplification Act in 2020, the FAFSA has been updated to help millions of students and families maximize their financial aid for college. Are there any format updates to the FAFSA?
Students and graduates needing to find a cosigner for studentloan aid typically ask Mom or Dad. But if your parents aren’t an option, you’ll be happy to know that private lenders are often flexible about who can serve as the guarantor of your loan agreement. How to find a cosigner for a studentloan, beyond your parents.
iStock Two years after the world learned to use “quarantine,” “pivot,” “Zoom meetings,” and other words associated with adapting to the pandemic, some important terms that many students, families, and educators may not know much about — but have been around for a long time — are “tax credits” and, more specifically, “education tax credits.”
Two years after the world learned to use “quarantine,” “pivot,” “Zoom meetings,” and other words associated with adapting to the pandemic, some important terms that many students, families, and educators may not know much about — but have been around for a long time — are “tax credits” and, more specifically, “education tax credits.”
As the gateway to federal financial aid for college, the Free Application for Federal Student Aid (FAFSA) is a crucial step for students and their families in securing funding for higher education. This year, in particular, has presented many students for families seeking aid for college.
How Finding Money for College Is Now Easier Than Ever For the last 40+ years, students and families have been frustrated by the process of filing the FAFSA. This single document is the key to funding a college education, yet it’s been one of the most notoriously difficult documents to file.
This does not mean that your student’s application has any issues. Instead, it’s a chance for verification from the Department of Education or college so that they can make the best decision possible. FAFSA corrections If you do realize that you made errors on your FAFSA, fix them before you send in your documentation.
Nevertheless, more students participate in the loan programs that any other type because, when other programs and resources don’t cover the cost of college and borrowing is necessitated, Federal loans offer students the best terms. Education Department (ED) that’s responsible for student aid programs.
Unfortunately, time is ticking – even with extended deadlines at some schools due to the FAFSA updates. Reread your financial aid letters and determine how much of each package is in federal studentloans. Remember: you will be expected to pay for anything that is not covered by financial aid or federal studentloans.
When a student is approved for a Federal studentloan for the first time, they’re required to complete StudentLoan Entrance Counseling (SLEC), an online course offered by the Office of Federal Student Aid (FSA), the agency within the U.S. It enables them to earn income to help pay educational expenses.
On the other hand, loans require repayment, often with interest, adding to the overall cost of education. Assessing Your Financial Need: Before accepting any loans, it’s crucial to assess your actual financial need. Every dollar you can secure through non-loan sources reduces your future debt burden.
Colleges use your completed FAFSA to determine how much your family would be expected to contribute. Any financial aid offer letters received will outline the amount of scholarships, grants, and loans you can expect. Make sure that you have documentation of any changes not reflected in your current FAFSA documents.
Throughout this month, all of us in the higher education community make an extra effort to provide even more information about how to use and access financial aid for college. All Things FAFSA: FAFSA stands for Free Application for Federal Student Aid. Here’s some other tips about filing the new FAFSA forms.
To help you understand the financial aid landscape and make informed decisions as a college-bound student (or with them as a parent), I’ve put together a glossary of the most common financial aid terms and their meanings. It is essential to fill out the FAFSA as early as possible to maximize your financial aid options! Simple as that!
The FAFSA: Your First Step to Financial Aid The Free Application for Federal Student Aid (FAFSA) is your starting point. It opens doors to federal grants, loans, and work-study opportunities. Filling out the FAFSA is easier than ever with online tools that guide you step by step. The good news?
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