Category Archives: Paying for College

New Campaign Seeks to #DoublePell

A new national campaign is underway to increase federal financial aid for low- and moderate-income students.

The aim of #DoublePell is simple. Supporters want to double the maximum Pell Grant, a move that would allow a student’s annual award to top out at $13,000.

A new website, doublepell.org, offers more information about the proposal and includes a customizable letter that students, families, and others can send to their members of Congress to communicate support for the increase.

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Enhanced Loan Counseling Now Available to Student Borrowers

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New features unveiled this week on StudentAid.gov are designed to help students better understand the process of borrowing for college and choose a repayment plan that’s right for them.

Both the website and myStudentAid mobile app are now equipped with enhanced entrance and exit counseling modules.

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FAFSA Resources for Students and Professionals

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Last week, the Department of Education wrapped up its four-day virtual Federal Student Aid (FSA) Training Conference. The conference mainly serves as an annual training for financial aid professionals who disburse federal aid to students on campus.

COVID-19 has created a great deal of uncertainty among students and families, as well as admission and financial aid professionals. Foremost among these uncertainties is the fact that there has been a 15 percent decline in FAFSA submissions from high school seniors nationwide compared with the same time last year.

Now, more than ever, students and families need information and support to complete the financial aid process.

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FAFSA Applications Decline Amid Pandemic

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School closures and the uncertainty surrounding the coronavirus propelled a decrease in FAFSA applications nationally, according to an Associated Press analysis of federal data.

As of mid-June, 70,000 fewer students had filed for federal aid compared to the same time period in 2019. The decline represents a 3.7 percent drop overall.

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#NACACchat: Financial Aid in the Age of COVID-19

How has the financial aid process changed amid the global coronavirus pandemic? And what resources can counselors and others share with students and families as they make decisions about financial fit?

Join us Thursday, April 30, for a #NACACchat Twitter discussion focused on financial aid in the age of COVID-19.

The chat will kick off at 2 p.m. ET. and will be led by @NACACWonk

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New from NACAC: Enrollment Deposit Waiver Form

Does the enrollment deposit present an insurmountable barrier to college attendance for the students you serve?

A new form from NACAC can help them signal their need for support.

Similar to NACAC’s application fee waiver, the enrollment deposit waiver is used by students to request a fee waiver or deferral. A supplemental document outlines additional ways students can advocate to get the support they need.

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Lessons in Boosting FAFSA Completion Rates

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Louisiana became the first state in the nation in 2018 to set FAFSA completion as a high school graduation requirement.

Since then, Illinois and Texas have adopted similar policies and several other states are weighing the option.

Officials from Louisiana recently shared their state’s story during a webinar organized by the Education Commission of the States. During the hour-long presentation, education leaders explained the process Louisiana followed when adopting the new requirement and discussed how counselors can support students as they file for financial aid.

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College Senior Offers Financial Advice to Incoming Freshmen

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Editor’s note:  This post was originally published on Admitted in July 2019. It’s being republished as part of NACAC’s Best of the Blog series.

It’s no secret that a college education is expensive. But there are ways to keep costs as low as possible.

Laura Uzes, a senior at UCLA, shared her tried-and-true advice for keeping college costs down with Homeroom, the US Department of Education’s blog.

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Department of Education Releases Template for New College Financing Plan

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The US Department of Education recently released its 2020-21 College Financing Plan template, formerly known as the Financial Aid Shopping Sheet. The College Financing Plan is a standardized form used by participating institutions to notify students about their financial aid package. The department relied on input from financial aid administrators, students, parents, and other stakeholders to develop the new template.

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