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Articles tagged with: Pell Grant

In the News: What Low Income Students Need

A recent study by the National Bureau of Economic Research has revealed that simplifying the rules of applying for financial aid is essential to facilitate more low-income students attending college. The study — “Into College, Out of Poverty? Policies to Increase the Post-secondary Attainment of the Poor” — is actually a review of 17 previous […]

Profile of Successful Pell Grant Recipients

The National Center for Education Statistics recently released a report describing the characteristics of college graduates who have received Pell Grants and comparing them to non-Pell Grant graduates.  Here are some of the findings from their study: 36 percent of 1999-2000 bachelor’s degree recipients received at least one Pell Grant while in college. Pell Grant […]

New Federal Grants for American College Students

Here’s some good news: Starting July 1st, the federal government will be increasing federal grants for college students. Some of this increase is coming from the Pell Grant, which will reach more students than ever in 2010. But there are also a new federal grant for dependent of US service men and women killed in […]

In the News: Plan to Increase Pell Grants Clears First Legislative Hurdle

President Obama’s plan to federalize student loans and increase funding for the Pell Grant cleared its first legislative hurdle today when the House Education Committee approved the plan. Known as the Student Aid and Fiscal Responsibility Act of 2009, the President’s plan would expand the number of students eligible for Pell Grants. Currently 40 percent […]

Student Loan Interest Rates Set to Fall; Pell Grant to Increase

A number of important changes are looming for federal student aid, which may save you some serious cash. Here’s a quick look at the most significant developments: Interest rates on subsidized Stafford loans are dropping — This year, they will go from a 6% to 5.6% (fixed). Under the College Cost Reduction and Access Act […]

Financial Aid in the News: Obama Plans Changes for Pell Grant

President Obama’s budget plan calls for a number of sweeping changes for federal student aid, from student loans to state grants to education tax credits. It also proposes to big adjustments in the Federal Pell Grant Program. The Pell provides need-based grants to low-income students. While the amount of the grant is set each year […]

In the News: College Financial Aid Could Get Big Boost Under Obama Stimulus Plan

CNN Money reported today that President Obama’s Stimulus Plan is set to help college students worried about how to pay for tuition, room and board. While the plan, known as the American Recovery and Reinvestment Act of 2009, still needs to be approved by Congress, some of the most student-friendly changes would include: >> Increasing […]

Experts Call for Sweeping Overhaul of Financial Aid

September 22, 2008 by Mara Strom A panel of financial aid experts thinks that America’s federal financial aid system needs a major overhaul.  According to the Rethinking Student Aid study group, these changes include simplifying the application process (aka FAFSA, or the Free Application for Federal Student Aid) and increasing Pell grant maximums. The most […]

On The Campaign Trail: John McCain on Higher Education

Republic Nominee John McCain

ARCHIVE STORY – June 30, 2008 by Mara Strom Last week, we spotlighted the views of Barack Obama, the (presumed) Democratic nominee, on higher education and financial aid. I promised you then that I wasn’t being partisan — and that we’d look this week at what the Republican nominee John McCain has to say about […]

Financial Aid for the Post Graduate

One assumption made by financial aid recipients that needs clarification is the belief that loans are not considered financial assistance. In fact, the vast majority of financial aid dollars are disbursed to students in the form of loans. While federal and state governments do dish out plenty of grant and scholaship aid, loans (often termed […]