Failure to reapply for aid may bring about significant obstacles for a student’s chance at graduation
image by flickr user guillaume lemoine, cc license Consider this scenario: a student receives a Pell Grant for his or her freshman year of college. That student proceeds to do well in school, with at least a 3.0 GPA. However, when it comes time to file the FAFSA (necessary for accessing another year of Pell Grant funds) during their freshman year, the student skips the process. Seems strange, right? That's what some researchers think, too.
CBO: Federal Government Projects to Profit from Student Lending
image by flickr user jparise (cc license) Over the past year, there have been multiple accounts of how much the federal government profits from its student lending. This week, the Congressional Budget Office announced that those profits project to continue through 2024.