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 studies, all which examined the … [Read more...] about In the News: What Low Income Students Need
Pell Grant
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 … [Read more...] about Profile of Successful Pell Grant Recipients
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 the line of duty. Here's a look at the changes you can expect in … [Read more...] about New Federal Grants for American College Students
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 of American college … [Read more...] about In the News: Plan to Increase Pell Grants Clears First Legislative Hurdle
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 of '07, the rate will continue to drop until … [Read more...] about Student Loan Interest Rates Set to Fall; Pell Grant to Increase