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Fast Facts: Financial Aid

BestColleges

85% of full-time, first-year undergraduate students in 2019-2020 were awarded some type of financial aid. [1]. The majority of students awarded financial aid received federal grants. 41% of undergraduate students who were awarded aid received federal student loans during the 2019-2020 academic year.

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$100,000 per Year! Rising College Costs and Student Loans

Discovery College Consulting

In 2020, when child number two started school, Columbia topped the list at $81,000. For the 2020-2021 school year, the University of Miami’s total cost of attendance for an undergraduate living on campus was $75,230. When my son decided to go to Miami in 2020, we had no idea the cost would rise so high, so fast.

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Financial Aid Application Time

ACM College Consulting

As college application season is fully underway, it is important to learn about the primary financial aid applications and types of aid your student could receive. So if you are applying for 2021-22, you will use 2019 and 2020 information. Other than that, do not delay completing your financial aid applications.

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When Do Student Loan Payments Resume?

BestColleges

The debt ceiling deal includes an end date to the pause on federal student loan payments and interest. Payments are set to resume in August for millions of federal student loan borrowers in the U.S. When Is My First Student Loan Payment Due? The pause on federal student loan payments ends Aug. 30 or Oct.

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Education Department Approves $72M Loan Forgiveness for Ashford University Students

BestColleges

Former students will now have their federal student loans forgiven. Approximately 2,300 former students from Ashford University will see their federal student loans forgiven in September. Bonta encouraged former students to apply for relief through the borrower defense loan discharge program. billion Corinthian Colleges - $5.8

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FAQ: How to Prepare for the End of the Student Loan Repayment Pause

BestColleges

Interest will begin accumulating on federal student loans again in September 2023. The three-year pause on federal student loan repayment will soon end, leaving over 40 million borrowers with an expense they haven't had to consider since early 2020. What Should I Do First to Prepare?

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Republican Lawmakers Launch Investigation Into ‘Botched’ FAFSA Launch

BestColleges

The financial aid application process has been mired in other issues since the launch, too. Two prominent Republican lawmakers requested an investigation into how the Department of Education (ED) launched the new Free Application for Federal Student Aid (FAFSA). The new FAFSA launched Dec. 30 and one hour on Dec.