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Changes in Student Aid

With January 1st quickly approaching, let's review the changes made to student financial aid that were effective as of July 2009. These changes include lowering the cost of student loans, an increase in aid for Pell Grant recipients and military aid recipients, and providing help for students who find themselves in unmanageable debt. Grants: Through the College Cost Reduction and Access Act (CCRAA) and the American Recovery and Reinvestment Act (ARRA), there is an increase in the maximum Pell grant award being with the 2009/2010 school year. This funding increased the grant to $5,350, which is up more than $600… Read more here!

Categories: Financial Aid | Grants | Student Loans
Tags: american recovery and reinvestment act college cost reduction and access act financial aid changes income based repayment pell grant

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