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Title IV of the Higher Education Act of 1965 (HEA) covers the administration of the United States federal student financial aid programs. [1]American colleges and universities are generally classified with regard to their inclusion under Title IV, such as under the U.S. Department of Education statistics.
The "financial assistance for students" is covered in Title IV of the HEA. The Higher Education Act of 1965 was reauthorized in 1968, 1972, 1976, 1980, 1986, 1992, 1998, and 2008. The current authorization for the programs in the Higher Education Act expired at the end of 2013 but has been extended through various temporary measures since 2014. [2]
The Act allows the U.S. Secretary of Education to grant waivers or relief to recipients of student financial aid programs under Title IV of the Higher Education Act of 1965, in connection with a war or other military operation or national emergency. [1]
Most student loans and refinancing options require a Title IV school to qualify. Let’s answer some key questions about Title IV and why it matters: What is Title IV of the Higher Education Act?
Financial aid is available from federal and state governments, educational institutions, and private organizations. It can be awarded through grants, loans, work-study, and scholarships. To apply for federal financial aid, students must first complete the Free Application for Federal Student Aid .
It required that a for-profit school receive no more than 85% of its revenue from Title IV financial aid sources. This rule was modeled after the earlier Veteran Administration regulation. [4] During the 1998 reauthorization of the Higher Education Act, Congress changed the 85–15 rule to the 90–10 rule.
He requested Congress change the Higher Education Act so that affordability and value are considered in determining which institutions are accredited and allow students access to federal financial aid; his criticism was directed at for-profit institutions.
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