According to this recent article on MSNBC, college students are scrambling for financial aid for next year: "The financing system for college is in real crisis," said Barmak Nassirian, associate executive director of the American Association of College Registrars and Admissions Officers. "Every one of the participants in the system is experiencing hardship - higher education … [Read more...] about In The News: Financial Aid Is a Mixed Bag for Next Year
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Credit is retracting in nearly every sector - home mortgages are dwindling, business loans are down, car loans are non-existent. But there is one area in which credit has actually expanded: Government-backed, higher education loans. The total number of student loans made in 2008 is up 18.6% from 2007, according to an article in today's Wall Street Journal. Home mortgages, on … [Read more...] about A Silver Lining for Students: More Federal Student Loans Are Available
October 6, 2008 by Mara Strom You can't turn on the TV these days without being bombarded by financial doom and gloom. If you are a college student (or planning to be one in the near future), there is no doubt that current economic climate is going to have some kind of an impact on your student financial aid package. Over the next few weeks, we'll be looking at the … [Read more...] about Will the financial crash affect your college 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