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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: Student Loan Debt Burdens Limit Wealth Building and Career Choice for HBCU Graduates

Diverse: Issues in Higher Education

The burden of student loan debt limits future finances of graduates of historically Black colleges and universities (HBCUs). The federal student loan payment pause was great relief for HBCU alumni finances, according to the report.

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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

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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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Finding financial aid: Your guide to scholarships, grants and student loans for international students

IEFA

In this blog post, we’ll guide you through the world of finding financial aid for international students, exploring scholarships, grants and student loans to make your dream of studying abroad a reality. Federal student loans. Private student loans. Federal student loans are available to U.S.

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4 Updates on Student Loan Forgiveness Repeal Efforts

Student Loan Planner

Multiple efforts are underway to repeal President Biden’s signature student loan forgiveness initiative. Biden’s one-time student debt relief plan, if allowed to proceed, would provide $10,000 in federal loan forgiveness, or up to $20,000 if the borrower received a Pell Grant.

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What You Need to Know Before You Borrow Student Loans

CFAA College Financial Aid Advisors

Borrowing student loans 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.