Financial Aid

Tim Goral's picture

Rationale Behind Determining Price in a Time of Limited Budgets

As many college officials and enrollment management administrators are well aware, there is a debate between those who believe lower prices will attract cost-conscious families, particularly in difficult economic times such as these, and those who argue for the “Chivas Regal” effect, where an increase in the cost of a college signifies luxury quality for the buyer (aka the student).

Financial Literacy Programs and Tools at a Glance

Looking to implement a financial literacy program on campus? These resources could help you get started.
  • 360 Degrees of Financial Literacy: Free program from the American Institute of Certified Public Accountants to help Americans understand their personal finances through every stage of life
  • CashCourse: Free, noncommercial online educational materials from the National Endowment for Financial Education
Ann McClure's picture

Dream Act Legislation Could Complicate Student Aid Picture

Gov. Jerry Brown considers signing a landmark bill that would extend state financial aid to illegal immigrants. At a time of skyrocketing demand for assistance, that makes some legal students anxious.

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Ann McClure's picture

As California State Tuition Rises, Financial Aid Offices Struggle to Adjust

On what should have been a carefree day of reconnecting with friends and settling into new classes recently, more than two dozen students at the University of California, Berkeley, sat in uneasy silence outside the financial aid office.

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FAFSA and the Community College

Communicating the importance of applying for federal student aid

With college costs still top of mind for most families, financial aid is more important than ever. Community college leaders are especially challenged to communicate the importance of the Free Application for Federal Student Aid (FAFSA) to their student body, which appears to be less likely to apply for federal aid. According to the report "FAFSA Completion Rates by Level and Control of Institution," 58 percent of Pell-eligible community college students applied for aid, compared to 77 percent of four-year students in the 2007-08 academic year.

Ann McClure's picture

University of Michigan's Coleman Donates Pay Hike To Student Travel Aid

University of Michigan President Mary Sue Coleman on Thursday decided to forgo a $15,000 salary increase and donate it to fund global student travel.

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Ann McClure's picture

Student Loan Default Rates Jump

The number of borrowers defaulting on federal student loans has risen substantially, highlighting concerns that rising college costs, low graduation rates and poor job prospects are getting more and more students over their heads in debt.

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Ann McClure's picture

Miami Hurricanes Football Gets $4.2 Million Gift--Almost 30 Years After Donor's Death

The University of Miami’s athletic program received a $4.2 million donation Thursday, the largest endowment ever for football scholarships at UM.

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Ann McClure's picture

Pell Grants Likely Face Cuts In Budget Talks

$5,550 annual maximum now covers less than a third of 4-year public college costs

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Institutional Loans and Related Considerations

Since the market crash of 2008, a number of private education lenders have left the marketplace. Those who have remained have not increased their lending to fill this gap and anecdotal evidence suggests that the remaining lenders have further reduced access to private education loans by tightening their credit criteria. Higher-education institutions have responded to the credit needs left unmet in the current marketplace by creating or revising their own institutional credit and payment arrangements.

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