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College Financial Aid

All articles tagged with #college financial aid

education1 year ago

"Navigating College Financial Aid Chaos: Tips for Students and Families"

The college financial aid process has been marred by delays and glitches this year due to a botched bureaucratic upgrade, leaving students and colleges in limbo. The Biden administration's efforts to forgive student loans contrast with the struggles to provide timely financial aid, potentially forcing students to take on more debt. The FAFSA problems have led to delays in aid letters, creating uncertainty for students trying to decide where to enroll. The complex financial aid system and the growing student debt issue underscore the need for transparency and potential reforms in college affordability.

via CNN|
#biden-administration#college-financial-aid#education
education1 year ago

"FAFSA Woes: Colleges Grapple with Financial Aid Delays"

Colleges are facing delays in sending out financial aid offers due to errors and incompletions in the U.S. Education Department's new federal student aid form, FAFSA. Some institutions are considering sending out "provisional" aid offers to meet deadlines, while others are opting for transparency and frequent updates. The delays have forced many colleges to extend their commitment deadlines, and mixed-status families are particularly affected, with some students still unable to submit their FAFSA. Colleges are working to be flexible and accommodate students amidst the challenges.

via NPR|
#college-financial-aid#delays#education
education1 year ago

"Biden Forgives Billions in Student Debt for Public Service Workers: What You Need to Know"

President Biden is waiving an additional $5.8 billion in student loans for 78,000 public service workers and plans to email 380,000 borrowers in the public sector to inform them of impending debt cancellation. This move has drawn criticism from Republicans, who accuse Biden of attempting to "buy votes" and claim that his loan forgiveness efforts have hindered the rollout of a new college financial aid form. Biden has been actively using executive tools to reach out to borrowers and has made reforms to the Public Service Loan Forgiveness program, expanding relief for millions of Americans.

via USA TODAY|
#college-financial-aid#education#executive-actions
education1 year ago

"FAFSA Challenges Impact College Financial Aid for Students Across the US"

A workaround to a glitch in the FAFSA now allows Texas students with non-citizen parents to apply for college financial aid before the March deadline, as parents without a Social Security number have been unable to complete the form. The U.S. Department of Education has rolled out a temporary solution, allowing students to submit an incomplete FAFSA online without a parent’s signature and receive an email confirmation to meet approaching deadlines. However, a permanent fix is expected by the first half of March, and students who used the workaround will need to have their parents add their signatures later. This development affects a significant number of Texas children with non-citizen parents, and the workaround has been deemed confusing and burdensome by some immigration advocates.

via Fox News|
#college-financial-aid#department-of-education#education
education1 year ago

Navigating New FAFSA Hurdles: Challenges and Solutions

The rollout of the new and shorter Free Application for Federal Student Aid (FAFSA) has been marred by technical issues, including a confusing question, a $1.8 billion error, and system glitches preventing some applicants from completing the form. These problems have raised concerns about equity and could impact students' college decisions. The Department of Education is taking steps to address the issues, including launching a support strategy and implementing an IRS data exchange to speed up the application process. However, challenges remain, particularly for vulnerable students, and lawmakers are urging the department to provide clear timelines and address the delays.

via PBS NewsHour|
#college-financial-aid#department-of-education#education
education1 year ago

FAFSA Delays Disrupt College Financial Aid: Dept. of Education Steps In

The Department of Education is stepping in to assist colleges with the rollout of changes to the Free Application for Federal Student Aid (FAFSA) after delays and processing errors. They plan to deploy experts to under-resourced institutions, provide a $50 million donation to educational nonprofits, and set up a financial aid "concierge service" for schools. Despite ongoing glitches, the department remains confident that all students applying for financial aid will receive the necessary support.

via USA TODAY|
#college-financial-aid#department-of-education#education
business2 years ago

Frank founder charged with defrauding JPMorgan in $175M scheme

The founder of college financial aid startup Frank, Charlie Javice, has been charged with defrauding JPMorgan Chase & Co. by lying about the number of customers the company had. Javice allegedly claimed Frank had 4.25 million student customers when it had data for only about 300,000. JPMorgan bought Frank for $175 million in 2021 but shut it down in January after discovering the fraud. Javice has been charged with bank fraud, securities fraud, wire fraud, and conspiracy, each of which carries a maximum 20- or 30-year prison term.

via Reuters|
#business#charlie-javice#college-financial-aid