Financial aid

Report calls for separating Pell Grants for adult and younger students

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A new report on rethinking financial aid calls for splitting the main federal need-based-aid program in two, with one grant for adult students and another for traditional-age students.

Vanderbilt's singular focus on raising money for aid lowers debt

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Vanderbilt has seen average student debt decline due to “singular focus” on fund raising for need-based financial aid, a potential model for other universities. Hopkins has taken similar approach.

Consumer Financial Protection Bureau to seek oversight of loan servicers

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After a slew of complaints about federal and private loan processing and collection, Consumer Financial Protection Bureau seeks oversight of the largest servicers.

Private college presidents push campaign to limit use of non-need-based aid

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At meeting of private college presidents, campaign to discourage use of student aid that is not tied to financial need gains some momentum.

Report: State merit aid influences residency decisions of few graduates

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Report finds that state merit aid programs have only a small effect on whether graduates stay in-state after college.

Use of public tuition for financial aid likely to become a political issue in many states

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Policy change in Iowa reflects increased public skepticism about using tuition revenue for financial aid. Will such shifts end an unfair burden on middle-class students or abandon low-income students?

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.

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