US Education Department to examine student loan forgiveness
The U.S. Department of Education is seeking public comment on how to assess if student loan borrowers meet the undue hardship standard for loan forgiveness.
FINANCIAL AID
Financial Aid office hiring Spanish-speaking counselor after student requests
“When I was a freshman, I was looking for a lot of resources and a lot of information to understand better how financial aid worked, but I wasn’t sure on how to get the information to my parents,” said UNC senior Gerardo Alvarado. “So I’m excited for the incoming class who is going to have this resource.”
Lower cost of tuition means less financial aid payout, University seeks balance
Every few years, the University completes a survey to reassess the average costs for a student to attend the University for one year, but Carolina Covenant students are receiving less money because of a decrease in estimated costs of attendance.
The federal student loan program is running out of money. Here's what that means for you.
A report from the U.S. Department of Education shows the U.S. is lending more money in federal student loans than it is being repaid. In just four years, subsidy costs for income-driven repayment have increased by over 700 percent.
According to a new study, the student debt crisis is complicated
While the number of students receiving grants has risen since 2012, the percentage taking out loans decreased.
Affluent households owe more in student debt, but all income levels suffer from debt
Research suggests this may be because students from higher income households are more likely to have attended more years of school.
Out-of-state students may face difficulty in affording UNC
Of the 30,000 out-of-state residents who applied to UNC this year, only a handful will be granted admission, and even fewer will be offered a financial aid package. This roadblock has prevented thousands of potential out-of-state students from accepting their offer of admission, and the Office of Scholarships and Student Aid has its hands tied by North Carolina policies. Full tuition cost in addition to room and board can cost upwards of $50,000 for out of state students attending UNC.
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.
Chancellor Folt announces scholarship to honor trailblazers in inclusivity
On the 224th annual University Day, Chancellor Carol Folt introduced a scholarship fund which aimed to recognize UNC students, faculty, staff or alumni who have advocated for inclusion and diversity. These individuals, deemed Bridge Builders, will be rewarded for their efforts with a scholarship in their name.
FAFSA changes streamline financial aid process
The Free Application for Federal Student Aid has been updated over the last two years in hopes of making the process more convenient for students.
Military families see benefits of new campaign with $20 million donation
Every UNC student can fondly recall the day they received their acceptance letter. But, for some, the good news is quickly swept aside, only to be replaced by anxiety about whether financial aid will be sufficient enough to attend.
Work-study provides steady income, but not always enough
For most UNC students, college is already more work than play. For over 5,000 of these students, however, they choose to take on a greater workload to fund college expenses through the federal work-study program.
First-gen college students receive aid to further their education
The U.S. Department of Education recently awarded a five-year, $1.15 million grant to UNC-Greensboro to help first-generation and underrepresented students prepare for a graduate education.
Brown University plans to eliminate student loans with new initiative
Brown University launched a campaign Wednesday to eliminate loans from its financial aid packages for all current and incoming students in the next academic year.
