Financial aid

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.

Colleges worry about end of federal aid based on "ability to benefit"

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High school dropouts used to be able to qualify for federal grants and loans based on a basic skills test. That ends in July, and community colleges are worried about what will happen to these students.

Mount Holyoke and a handul of other private colleges freeze tuition for next year

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Mount Holyoke joins a short -- but longer than usual -- list of colleges to freeze tuition. Moves could signal awareness of a limit to families' willingness to pay high sticker prices.

Arizona proposal latest to object to subsidizing others' educations

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Proposals in Arizona and two other states show a reluctance to subsidize the higher education of others, and question a longstanding practice of using aid to improve access.

Virginia governor seeks to cap use of tuition revenue for financial aid

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Virginia governor challenges a centuries-old tradition of using tuition revenue from wealthier students as financial aid for other students.

UC system weighs shift in tuition payments to after graduation

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Proposal being weighed by University of California to shift student payments to after graduation and tie them to income would be a dramatic change in how education is financed.

Budget compromise would preserve maximum Pell grant, NIH funding

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A budget compromise would slightly increase funding for the National Institutes of Health and change eligibility for the largest federal grant program for college students.

Lawmakers, government watchdogs question Education Department management of student loans

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Lawmakers, government watchdogs question whether the Office of Federal Student Aid is up to the task of running the nation’s $1.2 trillion student loan system.


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