Latest Student financial aid News

2020 race brings free college back to the national stage

Jun. 16, 2019 1:57 PM EDT

After receding from the national stage, the free college movement is resurfacing as a central rallying point for Democrats as they set their sights on the White House. At least 18 of the party's 23 presidential contenders have come out in support of some version of free college . Sen. Elizabeth Warren of...

Buttigieg's high college debt draws attention to the issue

Jun. 9, 2019 7:20 AM EDT

PROVIDENCE, R.I. (AP) — Democratic presidential candidate Pete Buttigieg knows firsthand the burden of six-figure student loan debt. He and his husband, Chasten, are far from alone, though, and their personal college indebtedness is helping to keep the issue on the national stage. With loans totaling more...

US consumer borrowing up $17.5 billion in April

Jun. 7, 2019 3:21 PM EDT

WASHINGTON (AP) — Consumer borrowing accelerated in April to the fastest pace in five months as a rebound in credit card use offset slower demand for auto and student loans. Borrowing increased by $17.5 billion, the Federal Reserve said Friday. That is up from March's $11 billion advance and marks the...

Speaker stuns 2019 Morehouse grads, to pay off student debt

May. 19, 2019 11:40 PM EDT

A billionaire technology investor stunned the entire graduating class at Morehouse College when he announced at their commencement Sunday that he would pay off their student loans __ estimated at up to $40 million. Robert F. Smith, this year's commencement speaker, made the announcement while addressing nearly...

Why your financial aid may plummet after freshman year

May. 16, 2019 10:47 AM EDT

Grants and scholarships are the best ways to pay for college because you don't have to repay them. But if you chose a college because it offered you the most free money, your final bill may end up bigger than you thought. More than 72% of college students ages 18 and younger received scholarships, grants or other...

Trump faces backlash over plan to dip into Pell reserves

May. 14, 2019 6:43 PM EDT

Education advocates say a Trump administration plan to use federal Pell Grant money to fund space exploration would jeopardize aid for future college students and could trigger a budgeting crisis within just a few years. The plan aims to redirect $1.9 billion from a Pell Grant surplus to jumpstart other projects,...

Trump targets Pell Grant money for NASA's budget boost

May. 13, 2019 11:11 PM EDT

WASHINGTON (AP) — The Trump administration wants to shift money for Pell Grants for college education to fund new spending, including a $1.6 billion bump for NASA to return American astronauts to the moon by 2024. Under a budget amendment sent to Congress Monday evening, the administration would use an...

Julián Castro makes universal pre-K focus of education plan

May. 13, 2019 12:27 PM EDT

AUSTIN, Texas (AP) — Democratic presidential candidate Julián Castro on Monday unveiled an education plan that joins other 2020 candidates in calling for tuition-free higher education, universal prekindergarten and raising teacher pay. The rollout follows the former Obama Cabinet member's immigration...

Lawmakers consider ending recognition of online university

May. 9, 2019 6:23 PM EDT

COLUMBUS, Ohio (AP) — Just a year after the online Western Governors University launched its Ohio affiliate , state lawmakers are considering eliminating recognition that lets its students benefit from certain state-funded aid, including need-based grants. That's part of the budget bill passed Thursday by...

Millennial Money: Break free of debt without paying a price

May. 7, 2019 12:26 PM EDT

Samantha Ealy graduated with a bachelor's degree and $70,000 in debt. She worked multiple jobs to pay off student loans, a car, medical bills and credit cards in three years. But looking back, Ealy sees a few missteps. For example, one job offered a 401(k), but she didn't put in enough to qualify for an employer...