After the FAFSA: How Red Tape Can Prevent Eligible Students from Receiving Financial Aid

July 26, 2010

This report sheds light on what happens to federal financial aid applicants after they submit the FAFSA. Using 2007-08 financial aid data from 13 California community colleges, the Institute found that one in three likely Pell-eligible applicants did not receive a Pell Grant. Also, while few students' Pell-eligibility status changed after verification, applicants selected for...

A Borrower’s Guide to July 1, 2009

July 1, 2009

Income-Based Repayment became available for the first time on July 1, 2009. At least a million federal student loan borrowers will be able to lower their monthly loan payments through this program, providing much-needed financial relief. Contact your lender directly to apply. There is also good news for students still in college, including more money for Pell Grants and lower...

Key Provisions in H.R. 2669

September 7, 2007

Both houses of Congress have passed H.R. 2669, the College Cost Reduction and Access Act. When it is signed by the president, the new law will redirect taxpayer subsidies away from student loan companies and toward increased grant aid and improved benefits for borrowers.