Online classes make it easy for “Pell runners” to collect federal aid and vanish. Often scammers recruit fake students who share their Social Security numbers for a cut of the proceeds.
College students get more consumer information than they can handle, say financial aid administrators. Streamlining regulations — and eliminating some requirements — would help students focus on what they really need to know.
Text-message reminders about applying for financial aid boosted second-year enrollment rates for community college students at a cost of $5 per student.
Providing structure, counseling and financial aid more doubled the graduation rate for New York City community college students.
All public colleges and universities could be tuition free, if the feds redirected the $69 billion spent on a “hodgepodge of financial aid programs.”
Solving “undermatching“– getting more low-income achievers to apply to elite colleges — is getting lots of attention. But it won’t help most disadvantaged students.
Taking 12 units a semester is “full time” for financial aid purposes, even though students need to take — and pass — 15 units per semester to graduate on time. Only 29 percent of community college students and 50 percent of four-year college students are taking enough courses to graduate on time. “Enrollment intensity” correlates closely with completion.
The National College Advising Corps sends recent college graduates to high schools to help low-income students understand their postsecondary options, get waivers for admissions test fees, write essays and apply for financial aid.
President Obama’s plan to link financial aid to college “value” will penalize lower-income students for attending colleges with low graduation rates and low earnings for graduates, argue two analysts, who call for a “reality check.”
Comparing college graduation rates is meaningless, unless students’ academic ability and other characteristics are taken into account.
President Obama vowed to “shake up” higher education and “tackle rising costs,” in a speech on the economy that stressed college affordability for middle-class families.
A bipartisan student loan bill that will lower interest rates — at least for now — has passed the Senate and is expected to become law. The compromise ties interest rates to the government’s cost of borrowing.
Parents are spending less of their income on their children’s college costs and relying more on grants, scholarships, financial aid — and frugality — Sallie Mae reports.