Financial Aid

Lynn Russo Whylly's picture

Connecticut Bill for Uniform Financial Aid Info Advances

A proposal to require Connecticut colleges and universities to supply students with uniform financial aid information has passed in the state House of Representatives. The bill, which passed 141-to-0, obliges institutions of higher education to provide a financial aid shopping sheet to each admitted student before the enrollment deadline.

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Lynn Russo Whylly's picture

Private Colleges Offering More Financial Aid than Ever

Call it the couponing of higher education. After years of skyrocketing tuition costs, many private colleges in the United States are ramping up their financial aid packages in an attempt to attract new students and boost sagging enrollments.

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Lynn Russo Whylly's picture

How to Curb Student Debt and Better Manage Repayment

The average overall loan debt for bachelor’s degree recipients is fairly manageable (about $26,500 for the class of 2011, according to The Institute for College Access and Success). Still, students and families are shouldering a greater portion of the cost of college through loans than they ever have before. As student loan debt levels and default rates in the United States continue to climb, consumers remain concerned about the accessibility and affordability of higher education.

Better Borrowing: Recommendation Details

The NASFAA task force provides recommendations for smarter borrowing:

Less Debt, Easier Payback

How to curb student debt and better manage repayment

As student loan debt levels and default rates in the United States continue to climb, consumers remain concerned about the accessibility and affordability of higher education. The average overall loan debt for bachelor’s degree recipients is fairly manageable (about $26,500 for the class of 2011, according to The Institute for College Access and Success). Still, students and families are shouldering a greater portion of the cost of college through loans than they ever have before.

Lynn Russo Whylly's picture

Panel Discusses Federal Financial Aid Solutions

To make college more accessible and affordable for students of lesser economic means, the federal student aid system must undergo a radical redesign. That was one of the key points made Tuesday during a policy briefing on Capitol Hill meant to highlight areas of student financial aid that are considered ripe for reform as Congress prepares to hammer out a budget for the next fiscal year.

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Lynn Russo Whylly's picture

Gear Up Now for Financial Aid Appeals

Financial aid appeals have been a regular part of the aid awarding landscape for some time now, but the way institutions respond to appeals varies widely. How your own institution responds can affect enrollment, net tuition revenue, and your school’s reputation in the marketplace.

Gear Up Now for Financial Aid Appeals

How policy and practice can help in maintaining enrollment, net tuition revenue, and your institution’s reputation

Most financial aid offices are already beginning to receive appeals from families looking to improve their aid awards. A recent Wall Street Journal article encouraged families who were unhappy with their aid offer to call the aid office “as soon as possible.” Financial aid appeals have been a regular part of the aid awarding landscape for some time now, but the way institutions respond to appeals varies widely. How your own institution responds can affect enrollment, net tuition revenue, and your school’s reputation in the marketplace.

Lynn Russo Whylly's picture

Sallie Mae to Reduce its Interest Rates on Graduate Student Loans

Changes to Sallie Mae's Smart Option Student Loans for graduate degree seekers will go into effect on April 1. From that point on, those who choose this loan option can select either variable or fixed rates with no origination or prepayment penalties. The variable rate range will extend from 2.25% to 7.5%, while the fixed rate range will run from 5.75% to 8.875%.

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Lynn Russo Whylly's picture

Federal Financial Aid Won't Be Cut, Higher Ed Chancellor Says

Although higher education is absorbing about one-third of the $75 million of cuts in the proposed 2013-2014 state budget, Higher Education Policy Commission Chancellor Paul Hill said the commission decided not to make any cuts to financial aid programs for students.

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