This installment of “Financing College: Where’s the Money?” explores financing college using scholarships and grants, forms of financial aid paid for through state, federal and other programs, which do not require repayment by the college student.
The Education Department said Monday will begin identifying students who burned through federal Pell grants to pay for colleges that closed before they could graduate, with the goal of restoring eligibility for thousands of people.
You've known all along that you'd need to come up with a lot of money to send your child off to college. But only in the midst of your kid's senior year—when you open colleges' financial aid notices—does the harsh reality typically hit, says James C. Lundgren II, an independent college adviser in Encinitas, Calif. "The light bulbs are coming on right about now," he says.
National K-12 and higher ed news came fast and furious this week. Here are our highlights to help you keep on top.
Pell grants are safe but slashed. Other federal grants are going away.
In February, when most of the commonwealth's residents were stymied by the record snowfall, more than 150 college and university students made their way to Beacon Hill to personally advocate for continued funding of need-based financial aid.
The program, called WorkOpps, short for Working Opportunities for Adults, helps those who are unemployed or underemployed get good jobs or the means to find them.
The increase in tuition will go toward bolstering the Office of Career Advancement, undergraduate summer internships, research, leadership and civic engagement programs, academic mentoring and advising. NU’s financial aid will increase by 6 percent for next year, as the University will give out more than $160 million in scholarships and grants. For the 2005-2006 school year, NU gave out $79 million in financial aid. NU will also increase the number of students who receive Pell grants and provide aid for students from middle-income families. The University provides financial aid to about half of undergraduates.
College aid formulas expect parents to contribute up to 47% of their after-tax income to college costs each year. Will your income throw your child out of the running for college aid? Use my EFC Quick Reference Table to estimate your aid eligibility. Don't take someone's word on aid eligibility just because their situation may appear similar to yours.
For the majority of Americans who don’t think they qualify for Pell Grants, the federal grant for low-income students, it’s easy for them to think that financial aid beyond student loans won’t happen for them. But that’s just not the case. Here are few other types of financial aid every family paying for college should know about.
Berea College, a liberal arts college located in Kentucky, has a massive $1 billion endowment. But unlike other private liberal arts colleges with whopping endowments, Berea has accumulated its endowment all while offering four-year degrees to students tuition-free.
Commission is requesting an increase of 25 percent in support for grant program.
For the majority of Americans who don’t think they qualify for Federal Pell Grants, the federal grant known for helping low-income students, it’s easy for them to think that financial aid beyond student loans won’t happen for them. Thus, they may skip filling out the Free Application for Federal Student Aid (FAFSA) out of fear it’s just a fast track to student loans. But that’s just not the case. Not only will filling out the FAFSA provide information to schools to help students get other need-based scholarships and grants, but middle class families may qualify for Pell Grants without realizing it. Thus, it’s important middle class families learn about these special grants beginning with a few important facts.
The amount you receive from the Pell Grant depends on your financial need, cost of attendance, full-time or part-time status and your plans to attend school for the full academic year or less.
Pell Grants, a cornerstone of the federal financial aid program, help needy students but haven't been keeping up with the cost of college.
$150 billion in financial aid is awarded to U.S. college students each year. You're a student, or about to be. Here's how to get your hands on the money.