Financial Aid

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Biden and College Presidents Talk About Paying the Bills

The Obama administration is pushing hard this week to keep the spotlight on its efforts to make college more affordable. On Tuesday, administration officials met with 10 college presidents who have agreed to include a consumer-friendly “shopping sheet” in the financial aid packages they send to incoming students.

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Financial literacy to the rescue: Teaching students what they owe before they owe it

American Student Assistance’s SALT program helps Indiana students manage their debt.

Jack Gochenaur was hearing scary stories around campus. Some financial aid students didn't know whether they'd received loans or grants to pay for their education. Many had no idea what they'd need to earn to meet their monthly loan payments.

"I have students who reach their senior year and during exit counseling, it's the first time they know how much money they owe," said Gochenaur, Chief Financial Officer/Treasurer of Manchester College, a 1,300-student liberal arts college in North Manchester, Indiana.

Something, he realized, had to change.

B-School Outreach Scholarships

Committing to diversity and stressing inclusion with full scholarships

A common objective for business schools across the country is development of leadership skills. For this reason, MBA programs utilize team-based assignments, incorporate leader development in the core curriculum, and include a plethora of leadership and service opportunities in co-curricular offerings.

Michigan Leads Nation in Loan Default Actions

Michigan means business when it comes to going after student loan defaulters. Michigan college students graduate with a slightly higher debt than the national average, and about one in 10 Michigan student loans winds up in default—on par with the national average. However, the U.S. Attorney’s Office in Detroit has been far more aggressive in pursuing defaulters than in other states.

Keeping Tuition Within Reach

Moving past the traditional university structure to help students

As college acceptance letters began popping up in mailboxes across the country this year, incoming students were left once again with the daunting task of choosing the right school. While cost has always been a consideration, more students than ever before are now considering it as a key factor—not only in terms of which school to attend, but whether they go to college at all.

3 Dangerous Student Aid Myths

What higher education leaders can do to debunk them

Unless you live in a cave, you’ve seen the alarming headlines highlighting “exploding” college costs and “crushing” student loan debt. Because the media is trying to grab readers’ attention, these articles often use the most startling cases of these serious problems without providing context needed to fully understand the complexity of these issues. A simple internet search reveals the prevalence of these types of articles. Here are just a few recent headlines:

Ann McClure's picture

Colleges Fight Fraud With More Coursework

Amid rising concern that fraud rings are making off with millions of dollars of federal financial aid, some of the colleges most at risk have come up with one deterrent that is notable for its simplicity: They're assigning more coursework.

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Too Little, Too Late

Illinois suspends financial aid award program early

In the midst of the debate in Congress over whether or not to double interest rates on Federal student loans in July comes another hot-button aid issue—states are running out of aid money altogether. At the end of March, the Illinois Student Assistance Commission (ISAC) announced it would need to suspend making Monetary Award Program (MAP) awards for FAFSAs filed on or after March 14.

How Student Loan Services Impact the College Experience

Why universities that pick the right partner keep students in class and on track

As new high school graduates anxiously await acceptance letters from their favorite colleges, many will start to plan for this new chapter in their lives by seeking student loans and financial aid to pay for it. After running the gauntlet of qualifying for loans and assistance, many will forget all about it.

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"Combating Financial Aid Fraud and Preserving Institutional Integrity" at UBTech2012

Thomas J. Dalton, assistant vice president for enrollment management at Excelsior College, will explore the problems posed by student aid fraud and the challenge of identity verification in both traditional classrooms and online environments.

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