U.S. Rep. Virginia Foxx, R-N.C., is the chairwoman of the committee proposing the PROSPER Act. The act would be the first changes to the Higher Education Act of 1965 since 2008. Photo courtesy of Foxx.

PROSPER Act could make first changes to Higher Education Act since 2008

A proposed U.S. House bill by the Committee on Education and the Workforce could bring sweeping reform to higher education policy.

Financial aid

UNC offers need-based financial aid to help off-set the costs of attendance. Eligibility for financial aid is based on information provided by students on FAFSA, the Free Application for Federal Student Aid, and the CSS/PROFILE. Parents’ income and assets factor into how much a student will receive. Students must request financial aid yearly and fill out new forms each time.

UNC tries to meet the full extent of a student’s financial need. Nearly half of the students receive aid, and 1 in 3 students borrow to afford school. Average student debt is lower at UNC than at similar schools.

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Endowment bill aims to lower tuition

Congress is looking to lower the cost of college for middle- to low-income families — this time through a proposed bill that might compel universities to dedicate more money to financial aid.

Pay-as-you-earn loans combat student debt

Undergraduate and graduate students — regardless of their financial situation and when they took out federal loans — can apply for pay-as-you-earn federal direct loans this year under a recent revision by the U.S.