College students with no loan debt are more likely to lead a richer social life that involves partying, studying less, and forming relationships that will last long after graduation, a pair of University of Indiana sociologists says.
Submitted by Lynn Russo Whylly on Wed, 08/14/2013 - 10:27am
People may wait until the last minute to pay a bill, but when owed a refund, they want it as quickly as possible. Understanding that the manual refund process at American Public University System (W.Va.) was problematic, the finance staff set out to improve it and ended up reducing average processing time for financial aid refunds by 90 percent.
Submitted by Matt Zalaznick on Tue, 08/06/2013 - 12:00pm
Statistics analyzed by the federal Consumer Financial Protection Bureau show that more than six million borrowers are in default on their federal student loans, representing $89 billion of the more than $1 trillion in outstanding debt.
Submitted by Matt Zalaznick on Wed, 07/31/2013 - 8:38pm
The House on Wednesday approved a bipartisan bill that ensures lower interest rates on loans for students heading to college this fall. Members of the House voted 392 to 31 to lower rates for undergraduates taking out government loans this school year to 3.86%.
Submitted by Matt Zalaznick on Wed, 07/31/2013 - 2:06pm
A comparison of low-income enrollment shows wide disparities among the most competitive private colleges. A student at Vassar, for example, is three times as likely to receive a need-based Pell Grant as one at Washington University in St. Louis.
Submitted by Lynn Russo Whylly on Tue, 07/23/2013 - 10:53am
Nearly one in five community college students get so worried about finances, they think about dropping out, according to the “Inceptia National Financial Aptitude Analysis” report. Teaching them to better manage money may help them graduate.
Submitted by Lynn Russo Whylly on Wed, 07/10/2013 - 12:38pm
The number of students applying for federal financial assistance jumped 62 percent over five years, while the total amount of federal financial aid awarded to students under Title IV of the Higher Education Act also increased dramatically. Information about these vital programs can be found in NASFAA's recently updated National Student Aid Profile.