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The Free Application for Federal Student Aid, better known as the FAFSA, has long been due for an update. On December 30, a new version of the form was released – a culmination of changes ...
Federal Perkins Loan (Perkins Loan) Program: This is a school-based loan program for eligible students with exceptional financial need. Students may qualify for a Perkins Loan of up to $8,000 each year depending on financial need, the amount of other aid received, and the availability of funds at the school.
Gurnick Academy provides a variety of courses, from continuing education certificates to diplomas and degree programs, combining theoretical training with practical and clinical components. There are over 1,600 students enrolled full-time across six campuses at any given moment.
Cordray said he would work to "create more pathways to education…not burdened by insurmountable debt." The program, as of September 2020, had 5.5 million individuals in default for $122 billion. The Federal Reserve Bank of New York reported that 20% of all student debt – mostly in the federal program – is at least 90% delinquent. [3]
The Education Department announced an update to the SAI tables that will allow students to benefit from an additional $1.8 billion in aid. (Credit: Getty Images) (Richard Stephen via Getty Images)
The Consolidated Appropriations Act, 2021 shortened the FAFSA from 108 questions to 36, to encourage more eligible students to fill out the form. [24] In addition, students now have the option to link their IRS account with their FAFSA account to make the application simpler to complete accurately.
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