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

Diverse: Issues 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.

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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). CRL found that student debt prevented many HBCU graduates from building wealth through means such as buying a home or investing in retirement.

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

IEFA

Studying abroad offers countless opportunities for personal and professional growth, but financial constraints can hold many students back. 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.

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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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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. Even if it’s not 100%, it’s going to be damn near 100%.” “I

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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.