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Student Aid

All articles tagged with #student aid

politics6 months ago

GOP Proposal Threatens Pell Grants and College Access for Thousands

House Republicans proposed changes to the Pell Grant eligibility that could reduce aid for nearly 10% of recipients and cut funding, prompting college leaders to support Senate efforts to preserve the program, which faces a significant shortfall. The Senate's more lenient approach aims to protect low- and middle-income students, especially part-time and community college students, amid concerns about long-term sustainability and the impact on student success.

via Politico|
#congress#education-policy#federal-funding
education1 year ago

FAFSA Crisis: House Hearing Reveals Biden's Failure and Pledges for Fixes

The House higher education subcommittee held a hearing to scrutinize the botched launch of the new FAFSA, which has caused disruptions and shaken confidence in the Education Department. Lawmakers expressed frustration with the Biden administration's handling of the FAFSA, and witnesses gave critical testimony, grading the roll-out poorly. The hearing highlighted bipartisan frustration with the FAFSA roll-out, with Republicans calling for more oversight and Democrats emphasizing the need to support students. The Education Department shared new data about issues with the FAFSA launch and outlined plans to address the problems.

via Inside Higher Ed|
#college-admissions#congressional-hearing#education
education1 year ago

"FAFSA Woes: Education Department Under Fire for Negligence"

Former top student loan official Wayne Johnson accuses the U.S. Department of Education of "malicious negligence" in handling ongoing technical issues with the new Free Application for Federal Student Aid (FAFSA). The problems with the form have led to fewer students applying for financial aid, causing concerns about college affordability and enrollment. The Education Department is facing criticism and calls for federal inquiry, as delays in resolving the issues could have disastrous consequences for students and schools.

via CNBC|
#college-enrollment#education#education-department
education1 year ago

"Education Department's 2024 FAFSA Update: Simplified Aid Process and $1.8 Billion in Student Aid"

The Department of Education has updated the Student Aid Index (SAI) tables for the 2024-25 Free Application for Federal Student Aid (FAFSA) process, resulting in approximately $1.8 billion in additional aid for students. The Federal Processing System (FPS) will be updated to include the new tables, with FAFSA information expected to be transmitted to schools and state agencies in the first half of March. Students will receive notifications about the processing of their FAFSA forms, and institutions and scholarship organizations will also begin receiving batches of FAFSA information. The Department will continue to provide support and updates to its external partners throughout the FAFSA launch process.

via FSA Partner Connect|
#2024-25#education#fafsa
education2 years ago

"FAFSA Updates: Maximizing Student Aid for 2024-25 Education Cycle"

The U.S. Education Department has acknowledged a $1.8 billion mistake in the Free Application for Federal Student Aid (FAFSA) and plans to rectify it for the 2024-2025 award year. The error could have led to some students and families receiving less aid than they should have. Financial aid offices are concerned about the impact on students, as the delay in fixing the mistake is affecting their ability to provide accurate financial aid information. The department's decision on how and when to fix the error will have significant implications for universities' financial aid timelines and could potentially discourage lower-income students from pursuing higher education.

via NPR|
#college#education#education-department
education2 years ago

"FAFSA Updates: Maximizing Student Aid for 2024-25 Education Cycle"

The U.S. Education Department has acknowledged a $1.8 billion mistake in the Free Application for Federal Student Aid (FAFSA) that would have resulted in some students receiving less aid than they should. The department has committed to fixing the error in time for the 2024-2025 award year, but details on the fix and its timeline are still unclear. Financial aid offices are concerned about the impact on students and families, as the delay in resolving the mistake is affecting their ability to provide accurate financial aid information.

via NPR|
#college#education#education-department
education2 years ago

"FAFSA Form Error Threatens Student Financial Aid: What You Need to Understand"

An error in the Education Department's financial aid calculation could result in lower subsidy amounts for U.S. students due to a failure to update a key part of its aid calculation index for inflation. This could leave families with less aid than they actually need, impacting the upcoming academic year. The department is considering whether to delay the update, potentially shortchanging this year's cohort, or perform the update now but shorten the window for students to communicate with their schools of choice.

via NBC News|
#education#education-department#fafsa
education2 years ago

"FAFSA Challenges: Deadlines Extended Amidst Application Delays and System Strains"

The new FAFSA form for the 2024-2025 financial aid cycle has faced accessibility issues since its soft launch but is now available for longer hours, from 8 a.m. to 8 p.m. ET. Over half a million submissions have been received, with expectations for tens of millions due to the form's simplification to fewer than 40 questions and expanded eligibility for aid like Pell Grants. Applicants are advised to stay on the Federal Student Aid site even if placed in a waiting room, as this helps manage site traffic.

via USA TODAY|
#department-of-education#education#fafsa
business2 years ago

"Founder of student aid startup Frank reacts to prosecutor's case against her"

The founder of student aid startup Frank, Charlie Javice, and the company's chief growth officer, Olivier Amar, have pleaded not guilty to criminal charges alleging that they tricked J.P. Morgan Chase into paying $175 million for their business by creating a fake data set that inflated their client base. Prosecutors claim that Javice and Amar misrepresented the number of customers Frank had, which was actually around 300,000 instead of the claimed 4 million. Javice's attorney argues that communications among J.P. Morgan Chase executives will support her innocence. The next pretrial hearing is scheduled for August 15.

via The Associated Press|
#business#criminal-charges#frank