Articles: Financial Aid

08/2015
About 70 students are currently enrolled in the Goucher Prison Education Partnership, which receives no public funding. (Photo: Rob Ferrell courtesy of Goucher College)

A small-scale program that will give prisoners Pell Grants to pursue college degrees represents a symbolic step toward expanding access to higher education. But only a fraction of the inmates who could benefit will receive financial aid, experts say.

08/2015
Steven R. DiSalvo is president of Saint Anselm College in New Hampshire.

Hillary Clinton’s recently announced $350 billion plan to offer free tuition for public colleges and universities has merit, but does not apply across the board and would require additional appropriations from Congress.

07/2015
Consumer advocacy groups support new financial-aid payment rules that have raised concerns.

Colleges and universities using third-party providers to process students’ Title IV payments face changes aimed at giving students more choice in receiving financial aid dollars.

07/2015

If it’s finalized as is by Nov. 1, The Department of Education proposed rule on campus debit cards and Title IV payments will have a major impact on third-party service providers.

05/2015
Through short videos on Financial Aid TV, parents of prospective and returning students at Santa Fe College can learn more about their financial aid options, education tax credits and other money management topics.

Loan default rates and an expanding focus on student success have made strong student financial literacy efforts a higher ed norm. But as students and their parents continue to grapple with paying for school, money management lessons from colleges are becoming a family affair.

01/2015
Aaron Mahl is a consultant with Scannell & Kurz.

For many, Jan. 1 signifies a day of great college football bowl games, highly caloric leftover holiday food, and time with family and friends ringing in the New Year.

12/2014
In 2013, nearly seven in 10 borrowers owed less than $25,000 in college debt, according to the College Board. (Click to enlarge)

Might the cliche of the forever-indebted college student someday become a fable?

12/2014
A majority of higher ed leaders expect modest to significant increases in tuition revenue in 2015. (Click to enlarge chart)

Turbulence in the world of campus finance since the Great Recession has been starting to smooth, but the outlook is hardly pre-recession rosy.

12/2014

USA Funds and Truckee Meadows Community College in Nevada have partnered to promote a holistic approach to student loan debt management.

12/2014

There are few economic challenges that move the dial in America quite like the skyrocketing costs of higher ed. From early morning pundits to late night talk shows the student and family debt burden issue is clear and ever present.

11/2014
Located in Myrtle Hall, the Pratt Institute’s Bursar and Financial Aid offices have taken a holistic approach to serving students.

Managing personal finance is difficult enough for working professionals. For college students, it can be almost impossible.

Part of the reason is that there are multiple finance-related aspects to higher education, and they have different, often confusing languages, says Nedi Goga, executive director of student financial services and compliance at Pratt Institute in Brooklyn.

09/2014
Three separate surveys suggest that students and parents give strong consideration to advertised price. (Click to enlarge)

Have net price calculators, merit scholarships and tuition discounts rendered sticker price meaningless? Not according to numerous surveys on the topic.

09/2014
The number of students identifying as belonging to a community of color has doubled since Frankin & Marshall College has invested more in need-based aid and phased out merit scholarships.

Financial aid is in a state of flux, but an institution’s size and selectivity offer clues to what kind of student assistance gets prioritized.

08/2014

Institutions that are successful in preventing loan defaults make it a campuswide effort, according to a recent survey by the Association of Community College Trustees (ACCT) and The Institute for College Access & Success (TICAS).

08/2014
Joseph Trentacoste is assistant vice president of Student Services at Mercy College in New York.

With national student debt at a stunning $1.2 trillion and financial pressure playing a key factor in retention, colleges must take the initiative to help students maximize opportunities for financial aid. Yet many colleges have downsized their financial aid offices and automated various functions.

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