Remove FAFSA Remove Grant Remove Student loans
article thumbnail

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.

Grant 222
article thumbnail

Pell Grant Increase Will Help Low-Income Students, But More is Needed

Diverse: Issues in Higher Education

29, the new federal spending plan is set to increase the Pell Grant in 2023, allowing low-income students a chance to access up to $7,395 each year. Coupled with the $400 increase in the 2022 fiscal year, this is the largest two-year increase ever in the history of the grant. The total student loan debt reached $1.75

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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? When do you need to file your FAFSA for this year? 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.

article thumbnail

What You Need to Know Before Starting Your FAFSA Journey

CFAA College Financial Aid Advisors

Completing the FAFSA is one of the first steps that students and families must complete to start their journey to college. Through this application, schools determine how much funding a student is eligible for. This includes federal loans, grants, and work study programs.

FAFSA 52
article thumbnail

FAFSA 101: Your Essential Guide to Getting Started

CFAA College Financial Aid Advisors

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!

FAFSA 52
article thumbnail

Breaking Down FAFSA: Understanding the Application Process

CFAA College Financial Aid Advisors

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!

FAFSA 52
article thumbnail

FAFSA for 2023: Income Limits, Types of Aid and More

Student Loan Hero

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. Direct PLUS loan.

FAFSA 98