Financial Aid

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In Illinois, College Can Be A Legislative Favor

Politicians love to talk about the importance of education. In Illinois, legislators go a step further and personally award scholarships to state universities -- sometimes to friends, donors and political allies.

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Double Trouble

Looking for a long-term solution to federal student loan interest rates

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. It’s just the latest chapter in the nearly 50-year saga of the federal government trying to determine the appropriate rate for these loans.

The Obama administration has urged Congress to extend the 3.4 percent rate for one year, but an extension would cost an estimated $3.9 billion. Students and parents trying to plan and pay for college face confusion and uncertainty.

It’s Official: Students Need Financial Aid

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.

Interest Clock is Ticking

Time is running out for Congress to take action to stop a scheduled interest rate increase on Stafford loans this summer. In July, interest rates are set to double for almost 8 million students. The average subsidized Stafford loan borrower will pay an extra $2,800 on their loans, and students borrowing the maximum $23,000 in subsidized loans starting next year would pay almost $5,000 more over a 10-year repayment period.

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Harvard Hikes Tuition, Boosts Financial Aid

Harvard University announced Monday it will raise its annual price tag to almost $55,000 while boosting financial aid for undergraduates to record levels.

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Baltimore City CC President Says She's Perplexed By State Audit

Williams says $200,000 questioned by state auditors was intended as a donation all along

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Wayne State Starts 'Wounded Warriors' Scholarship

Wayne State University is announcing a new scholarship named for a U.S. Army veteran who lost both legs in the Iraq war.

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Report: Texas Colleges Overseeing Student Aid Incorrectly

The state auditor's office has found significant problems in how 11 state colleges and universities follow federal rules governing the handling of student aid money.

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Higher One Adds New Checking Account Options

Two Additional FDIC- Insured Checking Accounts Include Options for No PIN fees and Foreign ATM Reimbursements

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U of Florida, Florida State U Students Could Face Big Tuition Increases

Florida's top public universities could become a lot more expensive under a legislative plan that could also erode the value of Bright Futures scholarships and potentially end the state's prepaid tuition program.

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