Financial aid

Federal work-study pays off best for students at public colleges, but increases debt loads

Federal work-study generally boosts students' odds of graduating and getting a job, study finds. But money too often goes to wealthier students, and findings show an alarming increase in participants' debt loads.

Education Department confirms Pell Grant pilot program for prisoners

Obama administration confirms its pilot program to offer Pell Grants to some prisoners is coming this Friday, and some Republican opposition is already forming.

U.S. will erase debt for Corinthian students, create new loan forgiveness process

Obama administration announces debt relief for tens of thousands of former Corinthian students -- and possibly many more students at that college and others.

Obama administration may soon announce experimental access to Pell Grants for incarcerated students

The Education Department is considering a limited experiment to allow incarcerated students to receive Pell Grants, which could build momentum for lifting a Clinton-era congressional ban.

As Corinthian enters bankruptcy, U.S. responds to debt relief calls

As Corinthian files for bankruptcy, Education Department officials race to head off the political firestorm over debt forgiveness sparked by unprecedented collapse of the for-profit college. 

U.S. proposes easier default rate appeals for community colleges

The Obama administration is eyeing a plan that would make it easier for community colleges to appeal high loan default rates because relatively few of their students take out loans.

Education Department names the remaining colleges on monitoring list for ‘severe’ audit findings

The remaining colleges -- most of which have been singled out for scrutiny over "severe" audit findings -- are mostly for-profit colleges and beauty schools. 

House Republicans again propose 10-year freeze on Pell Grant maximum award

In attempt to balance the federal budget, House Republicans are again proposing that the maximum grant award remain at its current level for a decade. 

University that went bankrupt amid tighter federal scrutiny looks to collect money from former students

Mid-Continent University's closure last year left a messy situation for students -- and it was precipitated by financial sanctions the U.S. Department of Education uses to rein in colleges.

Obama administration will create student loan complaint system, centralized payments for borrowers

President Obama announced a series of executive actions aimed at improving and centralizing the customer service experience of borrowers with federal student loans.

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