Financial Aid

Lynn Russo Whylly's picture

What Borrowers Think They Know

It can be tough for colleges to identify and counsel borrowers of private student loans. Schools aren’t required to certify these loans, so students can borrow them without the school knowing. Feedback from private student loan borrowers reveals they hold a host of common misconceptions about their loans.

Lynn Russo Whylly's picture

Pell Grant Changes Hit Community College Students Hard

Enrollment at Community College of Philadelphia fell 4 percent last fall, and officials suspect tightened eligibility guidelines for federal financial aid are to blame in part.

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The $1 Trillion Problem: Protect Your Institution from Student Debt

Educating students is key to minimizing the student loan debt problem affecting your entire campus

The pressure institutions are facing from the growing student loan debt crisis is felt by all departments, from financial aid to admissions. Schools are struggling to justify tuition costs to prospective students, as well as to ensure recent alumni leave pleased with the institution, despite having student loan debt. In this web seminar, originally broadcast on November 13, 2012, representatives from American Student Assistance (ASA), St.

Ann McClure's picture

Vets Face Confusion Using GI Bill At State Schools

Intricate rules govern residency differ from state to state,

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Ann McClure's picture

UConn's Sandy Hook Scholarship Fund Gets Boost From CEA

The UConn scholarship fund has already raised nearly $700,000

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Ann McClure's picture

How the Deal on the Fiscal Cliff Affects Financial Aid

Founder of Finaid.org offers highlights

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Ann McClure's picture

Student-Aid Fraud Not Limited To Alabama State University, Official Says

Alabama Bureau of Investigation is probing instances of student-aid fraud

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Ann McClure's picture

Pell Grant Cuts And Rising Tuition Could Be Causing Enrollment Decline At Public Colleges

As universities across Alabama fight to grow enrollment in the face of reduced state funding, the Alabama Commission on Higher Education reports headcounts fell slightly last semester.

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Avoiding Pitfalls: What Students Should Know

To avoid student loan pitfalls and misconceptions, NASFAA recommends administrators ensure students know:

What Borrowers Think They Know

Borrowers demonstrate common misconceptions of private student loans

Feedback from private student loan borrowers reveals they hold a host of common misconceptions about their loans. In comments and complaints submitted to the Consumer Financial Protection Bureau (CFPB), borrowers demonstrate a lack of knowledge about the difference between private and federal student loans, how bankruptcy can impact their loans, who holds and services their loans, what repayment options they have, and more. The consequences of these misunderstandings include unexpected default, forbearance fees, and ineligibility for repayment incentives.

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