All articles tagged with #student financial aid
Fifteen colleges now charge six figures for the total annual cost of attendance (tuition, housing, books and fees), up from just two a year ago, according to the Princeton Review. However, the actual net price families pay can be much lower after financial aid, and experts say sticker prices are likely to keep rising as operating costs grow and aid policies evolve.
Howard University unexpectedly unenrolled hundreds of incoming freshmen days before move-in, citing missed payment deadlines, even as many students say they disclosed pending scholarships and financial aid; the university says it will review cases individually and may reinstate enrollment in some circumstances.
The U.S. Department of Education is taking additional steps to support colleges and students with the FAFSA process, aiming to make it easier for schools to process student financial aid forms and provide maximum aid to students. These steps include reducing verification requirements, suspending routine school compliance reviews, and providing flexibility on recertification. The Department is also deploying federal personnel to support under-resourced colleges, allocating $50 million in funding for technical assistance, and releasing test versions of Institutional Student Information Records (ISIRs) to help institutions prepare their systems. U.S. Secretary of Education Miguel Cardona emphasized the goal of simplifying the FAFSA process for colleges, universities, and students.
The Education Department plans to fix an error in the FAFSA form that failed to adjust financial aid tables for inflation, potentially limiting students' financial aid. The fix will occur for incoming 2024-25 students, but its timing is uncertain and could lead to delays in financial aid offers. The department estimates that the fix will provide an additional $1.8 billion in federal student aid, but experts warn of potential delays and compressed decision-making timelines for students.