Tagged with financial aid changes in our Blog
With a change in administration comes changes in policies. Throughout the year, the US Department of Education has been making significant changes to the financial aid processes that will affect each and every citizen looking to receive financial assistance for their education, and they will go into effect in July of 2011. These changes are said to have the intention of strengthening federal student financial aid at for profit, nonprofit and public institutions. The new implementations will also ensure that students are not being misled by financial aid scams from schools or aggressive companies. They will also ensure that only… Read more here!
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!