Financial Aid

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.

Fresno State sees quick savings with electronic financial aid refunds

Higher One’s OneDisburse Refund Management funds disbursement service ends the need for the school to print and mail checks

California State University, Fresno, takes pride in its reputation as one of the leading public universities in the state, but last year the business staff discovered that Fresno State was lagging in one noteworthy area: the percentage of students electing to receive financial aid refunds electronically.

Ann McClure's picture

Pell Grant Cuts Have Disproportionate Impact On Troy University

Pell grant cuts that cost nearly 5,000 Alabama college students their federal aid this fall are having a disproportionate impact on one state university.

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UConn Sets Up Scholarship For Sandy Hook Students

The University of Connecticut is creating a scholarship fund for students from Sandy Hook Elementary School in Newtown, where 20 students and six staff members were gunned down last week.

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Tuition policies that address affordability and retention

By offering actively managed tuition payment plans, Nelnet Business Solutions helps colleges stabilize enrollment, increase collections and improve customer service.

The issues of affordability and retention challenge colleges to develop sustainable tuition policies that address the current economic climate yet educate students on the importance of paying their tuition bills on a timely basis. This web seminar, originally broadcast on October 16, 2012, discussed how Nelnet’s solutions, combined with tighter school fiscal policy, can help students meet their tuition obligations even if they do not receive all the financial aid they anticipated.

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$1 Million Donation To Aid University Of California At Berkeley's Undocumented Students

The University of California at Berkeley announced a $1 million grant Tuesday to boost financial aid for undocumented students, which is thought to be the largest gift of its kind in the nation.

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Lynn Russo Whylly's picture

500+ Colleges Agree to Adopt Financial Aid Shopping Sheet

More than 500 colleges and universities, enrolling more than 2.5 million undergraduate students (thirteen percent of all undergrads), have committed to adopting the Financial Aid Shopping Sheet during the 2013-2014 school year. The adoption of the Financial Aid Shopping Sheet is a big win for students already attending these institutions and those who are considering enrolling.

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Nearly 5,000 Alabama College Students Lost Pell Grants Due To New Federal Regulations, Study Says

Nearly 5,000 Alabama college students lost Pell grant funding in the fall of 2012 due to new restrictions on the federal student-assistance program, a study says.

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Lynn Russo Whylly's picture

New Student Loan Repayment Options Set

A new version of the income-based federal student loan repayment program that's more favorable to many borrowers will go into effect starting Dec. 21, according to regulations scheduled for publication Friday.

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Commission Recommends Increase In State College Aid

Citing swelling numbers of Wisconsin college students who are eligible for state aid, but denied because of limited state funding, the University of Wisconsin System, the state association for independent colleges, the state technical college system and the College of Menominee Nation jointly endorsed a commission finding Tuesday calling for increased college aid in the next state budget.

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