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 by the Congress, the Pell Program is often … [Read more...] about Financial Aid in the News: Obama Plans Changes for Pell Grant
Pell Grant
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 the HOPE Scholarship tax credit … [Read more...] about In the News: College Financial Aid Could Get Big Boost Under Obama Stimulus Plan
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 sweeping … [Read more...] about Experts Call for Sweeping Overhaul of Financial Aid
On The Campaign Trail: John McCain on Higher Education
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 funding your college education. Well, I'm keeping my promise, but … [Read more...] about On The Campaign Trail: John McCain on Higher Education
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 "self-help aid, along with work … [Read more...] about Financial Aid for the Post Graduate