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Fundamentals of Financial Aid for 2024

Admissions.Blog

If one sentence could sum up the state of financing an American college education in 2024 it would be, “The more things change the more things stay the same.” Students with significant financial need may receive need-based aid in the form of grants, scholarships, work-study programs, and subsidized loans.

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Students From 3 Pacific Island Countries Now Eligible for U.S. Financial Aid

BestColleges

Students from the Marshall Islands, Micronesia, and Palau are guaranteed in-state tuition at all U.S. public higher education institutions. These students also qualify for Pell Grant, Federal Work-Study, and Federal Supplemental Education Opportunity Grant programs. The law goes into effect this July.

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300-Plus Colleges Commit to Financial Aid Transparency for Students

BestColleges

More than 360 colleges and universities committed to transparency standards for financial aid offers. A government watchdog warned last year that only 9% of institutions it examined had accurately told students an estimated net price of attendance in their financial aid offers.

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New Jersey Will Now Require High Schoolers to Apply for College Financial Aid to Graduate

BestColleges

Students who are at least 18 years old, parents, guardians, or counselors can sign a waiver to exempt students from filling out financial aid applications to graduate. New Jersey high school juniors now have to fill out financial aid applications to complete high school. 8 and is open until June 30, 2025. New Jersey Gov.

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New Agreement to Offer Higher Education Access in All Maryland Prisons

BestColleges

The Maryland Department of Public Safety and Correctional Services and the University System of Maryland (USM) signed an agreement in April that will allow incarcerated individuals at all state correctional institutions to have access to a college education. Tuition costs will be covered in full by Pell Grants.

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California Debuts Updated Financial Aid Application for Undocumented Students

BestColleges

California rolled out an updated California Dream Act Application in 2024, simplifying the process undocumented students must undergo to qualify for state financial aid. The Golden State is home to the largest undocumented student population in the country, with nearly 100,000 students.

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California’s Revised Budget Plan Slashes Financial Aid Funding

BestColleges

Gavin Newsom released his revised state budget proposal for the 2024-2025 fiscal year. The state is struggling with a $27 billion deficit, which is projected to reach $28 billion next year. In 2020 , the program received $117 million in state funds, helping more than 55,000 students. California Gov. California Gov.