Articles: Financial Aid

The roughly 9 million students who rely on subsidized federal loans will see interest rates double from 3.4 percent to 6.8 percent on loans borrowed after July 1.

A new analysis of U.S. Department of Education data by the National Association of Independent Colleges and Universities quantifies the reliance on federal student aid by students in every state and congressional district.

Stafford Loans

  • Subsidized Stafford loans are available based on financial need, and unsubsidized loans are available to everyone. 

Student borrowing is going up. National Student Loan Data System data shows that cumulative borrowing per student participating in federal loan programs increased from about $3,943 in 1990 to $11,510 in 2000 and $13,856 in 2009.

A report by credit score analyst FICO shows growing concern for the stability of the student loan market, putting additional strain on the fragile economy. U.S.

A student speaking with her advisor

Community colleges have always been a popular place for students to begin their higher education career. Often smaller, closer, and more affordable than their four-year counterparts, they can help students get accustomed to college-level work or simply save on tuition.

The time of unprecedented growth for the federal Pell Grant program couldn’t have come at a worse time for Congress.

Given federal and state regulations­, especially now, there are many policies and procedures related to applying for, awarding, and disbursing aid that can’t be avoided.

Student loan debt has been steadily rising for a number of years and has recently passed the $1 trillion mark, making it more than credit card debt.

Many people probably only think about Napa when they’re thinking about wine.

One of the more dubious notions to attach itself to higher education is the brash “right to fail.” While the intent to demand maturity and accountability from college students is understandable, the reality, and certainly the wisdom of such an axiom, is another story.

Are the financial aid award letters your institution sends to returning and prospective students clear, correct, complete, and comparable to other institutions’ award letters? The federal government thinks that too many are misleading and difficult to compare.

At one time, each of Connecticut’s 12 community colleges ran its own financial aid office by its own rules. Ten years later, the Connecticut Community College System has doubled the number of students. Now all 12 colleges use FAFSA alone to determine eligibility.

Financial aid information is easy to find at Pierce College.

Working one’s way through college is the norm for community college students: 85 percent work part- or full-time. With an average tuition bill of $2,713 a year, only 13 percent turn to student loans.

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