studentaid

Canadian University Slashes Tuition for Americans

The University of Windsor sits just across the Canadian border from Detroit, yet Americans make up just 82 of its nearly 2,000 international students. So the Canadian institution is trying to woo those south of the border, by cutting its tuition in half for Americans, the CBC reported. Under the policy change late last month, American students will pay $5,000 a semester, down from the current $10,000 and significantly less than the $15,000 some international students pay. "The international relationship we have with folks right across the river is much different than the relationship we have with [other] countries around the world," Windsor's president, Alan Wildeman, told the CBC.

The university's billboards around Detroit encourage locals to "put the 'u' in neighbour."

FAFSA changes recognized many kinds of parents

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Changes to the FAFSA will collect information on both parents in a same-sex marriage or who are unmarried but living together.

Education Department Issues Guidance on Grant Cuts

WASHINGTON -- While the Pell Grant is exempt from the mandatory, across-the-board budget cuts that went into effect in March, other federal higher education grants are not. Iraq-Afghanistan Service Grants, for the children of members of the military killed in action, have been cut back by 10 percent for new recipients beginning March 1, the Education Department announced in guidance issued Friday. TEACH Grants, for students planning to become teachers in high-need areas, have been reduced by 7.1 percent.

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U.S. Lawmakers Ask for Input on Higher Education Act

WASHINGTON -- As Congress begins the long process of renewing the Higher Education Act, the leaders of the House Committee on Education and the Workforce published an open letter to higher education "stakeholders" Thursday, asking for suggestions on rewriting the sweeping law governing federal financial aid programs. Representatives are especially interested in a few areas, they wrote: empowering "students as consumers"; simplifying student aid and loans; increasing affordability, accountability and completion; reducing costs; and balancing "the need for accountability with the burden of federal requirements."

In a statement, the committee's chairman, Representative John Kline, a Minnesota Republican, emphasized paring regulations, simplifying financial aid and providing families with better information. Representative George Miller, a California Democrat, said he hoped to focus on the increasing price of higher education, student debt, barriers to completion, and community colleges.

The committee said it welcomes suggestions -- the more specific the better -- at HEA.Reauth@mail.house.gov.

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Australian government to turn textbook grants into loans

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Australian government announces plan to turn "start up" grants for textbooks and other costs into loans, which critics deride as a slippery slope that will hurt needy students.

William & Mary adopts new financing model, embraces high tuition/high aid

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New financing policy at William & Mary embraces “high tuition/high aid” model, while emphasizing middle class affordability and investing in academic quality.

Deficit Reduction Plan Calls for Changes to Loans

The latest deficit-reduction plan from the two men who led President Obama's deficit reduction committee in 2010 calls for changes to several programs important to higher education. The plan, released Friday by former Senator Alan Simpson, a Republican, and Erskine Bowles, a Democrat, would eliminate the in-school interest subsidy on student loans, end PLUS loans to graduate students, use a market-based interest rate for all student loans, and create a "two-tier" system of income-based repayment. The plan, which is unlikely to be passed in its current form, does not call for significant cuts to the Pell Grant.

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Arne Duncan and senators agree compromise is possible on student loan interest rates

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At a Senate hearing, Education Secretary Arne Duncan and Republicans suggest they could find common ground on changing student loan interest rates to a market-based formula.

For-Profit University Pays to Settle Suit on Aid Fraud

United States University, a for-profit institution has agreed to pay $686,720 to the government to settle a civil suit filed over the filing of fraudulent financial aid applications, KPBS reported Federal officials said that the case was notable because they had brought criminal and civil cases against the institution. Christina Miller, who was the director of financial aid, pleaded guilty to falsifying federal records (Pell Grant applications) and could face up to a year in prison. Officials of the university did not respond to requests for comment.

 

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'Pell Runner' Aid Scam Uncovered in California

Authorities have charged that about 20 people become fake students at Contra Costa College, applied for and received Pell Grants, and never attended classes, The Contra Costa Times reported. The ringleaders are alleged to have recruited people to participate, and to have taken a cut of the funds from each participant. The scheme (a problem faced by other colleges) is known as a "Pell runner" scam.

 

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