Archive for April, 2007

Report: half of all undergraduates fail to apply for financial aid

A new study says hundreds of thousands of college students who may be eligible for federal financial aid don’t get it for a simple reason–they don’t apply.
The study, “Missed Opportunities: Students Who Do Not Apply for Financial Aid,” released by the American Council on Education last month, says that half of all undergraduates, or 8 […]

Friday, April 6th, 2007

New study to examine effects of alternative loans on financial aid policy - noteworthy news

The Institute for Higher Education Policy, the National Association of Student Financial Aid Administrators (NASFAA) and The Education Resources Institute (TERI) announced the launch of a research project that will examine the dramatic increase in privately funded, or alternative, student loans and the effect these loans have on students and higher education policy.
The project is […]

Friday, April 6th, 2007

Financial Aid study to focus on graduate students - noteworthy news - 2003 Survey of Graduate Aid Policies, Practices and Procedures

The National Association of Student Financial Aid Administrators (NASFAA) and Access Group Inc. announced the launch of the 2003 Survey of Graduate Aid Policies, Practices and Procedures (SOGAPPP), a research project designed to provide new information on the funding, distribution and administration of financial aid for graduate and professional students.
While a substantial body of research […]

Friday, April 6th, 2007

You May Not Be Out Of Luck - college financial aid

TRENDS The nation’s PRICIEST COLLEGES are opening the financial-aid spigot.
IT’S A PROUD day when your son or daughter is admitted to a prestigious private university, such as Princeton or Duke. Then (gulp!) you get to figure out how to pay for it. But even as total costs at such schools rocket past $35,000 a year, […]

Friday, April 6th, 2007

Financial aid 101: planning opportunities for CPAs

* COLLEGES AWARD FINANCIAL AID IN THE FORM OF scholarships, grants, loans and work-study awards based on the financial need of a student. The formula used to determine financial need is: financial need = cost of attendance (COA) - expected family contribution (EFC).
* THE EFC IS DEPENDENT ON THE INCOME AND ASSETS of parents and […]

Friday, April 6th, 2007

Sallie Mae offers financial aid analysis on Web site - tech briefs - Student Loan Marketing Association

This spring, college-bound high-school seniors will be getting financial aid award letters from the schools at which they have been accepted. While these letters may seem straightforward, students and parents should be taking a close look at their contents, experts say.
The Student Loan Marketing Association, commonly known as Sallie Mae, is reaching out to assist […]

Friday, April 6th, 2007

10 rules for a solid admissions/financial aid partnership: collaboration and communication between these departments help an institution thrive

In virtually every facet of our professional lives, teamwork is seen as a necessary ingredient for success. Business and industry place a high value on recruiting new employees with solid team-building/participating experience. The military prides itself on fostering team spirit. And certainly, professional sports have proven that spending money without teamwork is not sufficient.
Likewise, in […]

Friday, April 6th, 2007

Financial aid profiles

In high school in Kansas City, MO, Wynter Rice knew she wanted to pursue a pre-med education. She also knew that it wouldn’t come cheap. That’s why Truman State University in Kirksville caught her attention. As a state school, the cost of attendance was relatively low, and the college offered grants to strong students like […]

Friday, April 6th, 2007

Student groups mount aggressive campaign to halt financial aid cuts

Student groups and others are mounting an aggressive, last-ditch effort to stop $12.7 billion in student aid cuts that still require one more affirmative vote on Capitol Hill.
At issue are cuts to student loan programs that are likely to bring higher interest rates for parents or students borrowing funds for college (see Diverse, Jan. 26). […]

Friday, April 6th, 2007

College Financial Aid for Dummies

It is almost Christmas, sure, but more important for many students it is the time of year when those seeking early acceptance to their first choice college get the good or the bad news. So it is as good a time as any for me to confess a great weakness in my frequent coverage of […]

Friday, April 6th, 2007