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The Education Department is assuring schools and students that its financial aid process will be fixed after a botched overhaul led some colleges to say they were seeing decreased enrollments.
However, different types of financial aid have differing effects. Grant awards tend to have a stronger effect on enrollment rates. [72] Changes in tuition and financial aid affect poorer students more than they affect students with higher incomes. [72] In terms of race, changes in financial aid affect black students more than it affects white ...
This is incorrect. In 1965, $558 million was available for financial aid. In 2005 more than $129 billion was available. As college costs have risen, so has the amount of money available to finance a college education. However, the proportion of gift aid and self-help funding has shifted: loans and work make up a larger percentage of aid ...
In recent years, some student loan servicers have gone under legal scrutiny for alleged wrongdoing. Navient, formerly Sallie Mae, was charged with multiple class action lawsuits for their loan servicing methods. Navient was also sued by the Consumer Financial Protection Bureau (CFPB) for improper handling of borrower relations.
While the schools were supposed to be "need blind" in order to adhere to the statute, any attempt to consider a student's financial-aid needs represents a de facto violation of that statute, the ...
It is estimated that 2 million American students drop out of high school each year. [1] The US Department of Education assesses the dropout rate by calculating the percentage of 16- to 24-year-olds who are not currently enrolled in school and who have not yet earned a high school credential. For example, the high school dropout rate of the ...
“Since 2013, the % of students in our incoming classes who have a family connection dropped from 8.5% to 1.7%, and % of first-generation or limited-income students rose from 16.7% to 30.8% ...
More children drop out of high school in US states with higher economic inequality. The United States Department of Education's measurement of the status dropout rate is the percentage of 16 to 24-year-olds who are not enrolled in school and have not earned a high school credential. [1]