Financial Health

The shortage of financial aid employees is especially worrisome given that the Department of Education is now planning to beef up its enforcement of federal student aid program rules.

The Biden administration and congressional Democrats cut the Build Back Better Act in half, leaving many higher education investments behind but boosting the maximum Pell Grant and funding for HBCUs and other minority-serving institutions.

As tuition rises slowly, the amount of federal loans students and parents take on to finance higher education declines, the College Board’s annual report shows.

A new report outlines the challenges Black borrowers face with income-driven repayment plans, while another offers a solution -- all while the Department of Education is considering new possibilities for the plans.

California governor Gavin Newsom vetoed a bill to extend access to the state’s financial aid program to about 160,000 more college students. The governor cited the high costs of the measure, which was widely supported by state lawmakers.

Most of the reforms are temporary, but they’ll still help hundreds of thousands of borrowers chart a renewed path toward loan forgiveness.

Do they result in colleges filling their classes but not giving enough aid for a student to succeed?

Report describes how the average law school debt of $108,000 affects recent graduates, showing impacts that vary between racial and ethnic groups.