Student Loans & Aid

Late Fafsa filers get less aid

First-year college students who file the Free Application for Federal Student Aid (Fafsa) late receive less student aid, a new study shows. Community-college students, part-time students and older students are especially likely to not file a Fafsa or to file it late. Researchers suggest that “Fafsa-completion efforts should be focused on high-school students who are likely to […]

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Nearly 1 million lack access to federal loans

Nearly one million community college students nationwide — about 8.5 percent of the total — can’t take out federal student loans because their college doesn’t participate in the program, according to a report by The Institute For College Access and Success (TICAS). Denied access to “the safest and most affordable way to borrow for college,” […]

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Aid leader: Link ratings to ‘social responsibility’

Rate colleges on “social responsibility,” said the departing chair of the National Association of Student Financial Aid Administrators at the group’s annual conference. Instead of President Obama’s proposed ratings system, colleges should be recognized for educating low-income students, said Craig Munier, who directs financial aid at the University of Nebraska at Lincoln. The plan, which […]

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CC defaults soar, despite low debt

Community colleges are struggling to pay back their student loans, writes Andrew Kelly in Forbes.  While two-year public colleges charge low tuition, the default rate is high. Only about 20 percent of community college students borrow, and 70 percent borrow less than $6,000. But low graduation rates put even small borrowers at risk of owing more than […]

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CCAP: Fed aid drives up college costs

Federal aid has failed to improve educational opportunity for low- and moderate-income students, concludes Dollars, Cents and Nonsense: The Harmful Effects of Federal Student Aid.  Instead, the financial-aid system has enabled colleges to raise tuition, the study by the Center for College Affordability and Productivity finds. The proportion of lower-income college graduates is lower. By fueling […]

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California: 2-year degree takes 4 years

A “two-year” degree typically takes more than four years, raising the The Real Cost of College in California,” reports Campaign for College Opportunity. Furthermore, associate degree graduates earn a median of 78 credits — well over the 60 required. All those extra credits lead to higher costs and fewer available seats at the state’s community […]

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Indiana debates free tuition

Indiana is debating free tuition for community college students, reports the Indianapolis Star. Nearby Tennessee has promised a free community college education in hopes of improving job skills. “Think how we’d change the state,” said Jeff Terp, Ivy Tech Community College chief operating officer. “We’d have one of the most educated workforces in the country.” […]

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Text nudges boost persistence

More than 18 percent of Pell recipients with a B average or higher didn’t reapply for aid for a second year of college, a recent study reports. Close to half did not return to college and those who did return had lower persistence rates than students who had reapplied for aid, Text-message reminders to apply […]

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Aid on a postcard

A two-question postcard could replace the lengthy Free Application for Federal Student Aid (Fafsa) under a bipartisan bill introduced in the Senate. Students would be asked their family size and household income two years earlier. The Financial Aid Simplification and Transparency Act, introduced by Sen. Lamar Alexander, R-Tenn., and Sen. Michael Bennet, D-Colo., also would let students […]

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Boomerang

Annie Kasinecz, 27, lives with her mother in Downers Grove, Illinois. She borrowed $75,000 to earn a degree in advertising and public relations at Loyola University in Chicago. Now working as a project coordinator, she’s lived at home rent-free for four years.  Credit Damon Casarez for The New York Times The Boomerang Kids Won’t Leave […]

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