Financial aid

Colleges rethink need blind admissions in favor of meeting need

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Facing financial constraints and public pressure over students’ debt, some colleges move away from need-blind admissions -- which are often costly to the institution and students -- in favor of reducing "gapping."

Admissions and aid policies play a larger role than tuition in driving debt, paper finds

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New paper finds that admissions and financial aid policies play a larger role than tuition prices do in driving student debt.

Grinnell, one of the country's wealthiest colleges, questions sustainability of financial aid

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Grinnell College, one of the wealthiest liberal arts colleges, says its current financial aid policy is unsustainable, raising questions for other need-blind institutions. 

Long Island University overspending on financial aid reflects affordability concern

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Long Island U. is latest college to face budget problems after overspending on financial aid, a reflection of how the affordability crisis is squeezing institutions.

New effort to gear federal financial aid programs to college completion

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As part of larger Gates Foundation effort, new panel aims to reimagine federal aid design and delivery to improve student outcomes. The effort is stoking suspicions.

Data show student borrowers over 30 a growing population

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Data from the New York Fed show student borrowers are increasingly over 40, including some still paying back their own loans while borrowing for their children's education.

Iowa proposes to end use of tuition revenue for financial aid

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Iowa proposal to eliminate use of tuition dollars for financial aid raises questions about who should shoulder the burden of financial aid and who decides how aid gets doled out.

How standardized should financial aid award letters be?

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Rising concern about student debt has reignited debates about standardizing financial aid award letters.

Wesleyan shifts away from need-blind policy, citing financial and ethical concerns

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Wesleyan University is moving away from need-blind admissions, saying that keeping the policy would require too much money and impose too much debt on some students.

After online petition, bank forgives dead student's loans

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KeyBank, an outlier in the lending industry, for years required the co-signing parent of one dead student to make payments on $50,000 of debt. The bank acquiesced after an online petition went viral.

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