Frustration With The Feds Over Financial Aid

Inside Higher Ed:

BOSTON -- In a tough budgetary environment for federal financial aid, with even the bedrock Pell Grant Program on the chopping block, anxiety is omnipresent at the National Association of Student Financial Aid Administrators' annual convention, beginning with the conference's name: "Uniting for Financial Aid's Future."

But there is another emotion as well: frustration. In sessions on diverse topics here Sunday and Monday, the college administrators who have assembled to talk loans, grants and legislation said they are fed up with a regulatory environment that seems perpetually in flux, from the recent gainful employment and program integrity rules to plans announced in May for another round of rule making on the direct lending program

Read the whole story: Inside Higher Ed

Comments

[Adam Zalka]

11:18 AM on 08/05/2011

The American Opportunity Credit has allocated up to $50 billion per year to assist students with the continued rising costs of tuition. A student receives loans, grants, scholarships, etc. but still the costs of tuition supersedes these assistances. This extremely overlooked form of financial aid can provide students with an extra $10,000 in the course of their 4 year college career. This is not a loan, and is more like a grant in that these funds do not need to be paid back. Watch this video for further detail. (I appreciate this article)
http://www.youtube.com/watch?v=1ZyfD39hZ5M

[marshhen]

07:23 PM on 07/19/2011

The new system is absolutely to cumbersome. And if you think take over of school loans is bad, wait until they take over healthcare.