• Beth & Tim Manners

Students Need Schooling on Financial Aid

Updated: Sep 18, 2019

Bloomberg: “An overwhelming majority of 11th and 12th graders (from 73% to 81%, depending on income group) were unaware that the government will pay their interest on existing loans while they are still in college, according to a new analysis of data by the ACT’s Center for Equity in Learning. From 67% to 70% didn’t know about a program that allows students to repay loans slower, based on how much money they make after college, the study found … The center outlines steps for improvement, including tailoring information for different student groups and improved outreach by college representatives.”


Equity in Learning: “The Center proposes the following ideas in its report … Where possible, a more nuanced view of high school students and their financial needs should be adopted … Colleges need to improve their outreach to the students who could use their assistance and advice the most; without it, students may not have the most up-to-date, personalized or accurate information to make college enrollment and student financial aid decisions.”


“Despite efforts to increase financial aid literacy, there remains an urgent need for more financial literacy–specific interventions. Further, debt-averse students may need additional information about the value of undertaking some (but not too much) debt, and the difference in types of debt.”

Facebook
twitter
google_plus
pinterest
linkedin
mail
0 views0 comments

Recent Posts

See All

Better Grades Can Mean Bigger Bucks

The New York Times: "Financial aid is no longer just about what you earn and what you have. It’s also about your children and what they do — and that means that good grades can be worth a whole lot of

Free Website Assists with Financial Aid

The New York Times: "To apply for federal aid, students need to fill out a Free Application for Federal Student Aid, or FAFSA, which has 133 questions, including difficult ones like what is their pare

Some Scholarships Extend Deadlines

US News: "Financial aid experts encourage students to start the scholarship search as early as possible. But for those who got a late start or whose financial situation has changed in recent months, t