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Biden Admin Forgives $6B in Debt for Former Art Institute Students

BestColleges

Many former Art Institute students will soon see their remaining federal student loan debt balance cleared. The Biden administration announced May 1 that the Department of Education (ED) would automatically forgive all remaining federal student debt for people who attended any Art Institute campus between Jan. 1, 2004, and Oct.

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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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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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Unequal Distribution

Admitted

Shifting the Conversation to Institutional Aid Most higher education institutions have a high tuition, high aid model – the expectation is that students will not pay sticker price; rather, institutional grants will help cover unmet financial need after other sources of aid, which offset the total cost.

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Minnesota Creates Nurse Loan Forgiveness Program

BestColleges

The commissioner of health will annually pay eligible nurses 15% of the average loan debt in their fields. To enroll in the plan, nurses can select a two-year contract between practicing or teaching in higher education. To apply for loan forgiveness, a nurse must provide proof of nursing employment. Minnesota Gov.

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Proposed California Budget Includes $40 Billion for Higher Ed

BestColleges

The University of California and California State University systems would see a 5% base increase in funding. Gavin Newsom introduced his budget for higher education with around $40 billion in funding for higher education in the state, including goals to increase access to higher education and expand college affordability.

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300-Plus Colleges Commit to Financial Aid Transparency for Students

BestColleges

Colleges that have committed to the transparency standards include major university systems, like the State University of New York and the University of California. The College Cost Transparency Initiative, a task force composed of a broad coalition of higher education associations, announced Sept.