July 7, 2024
Loans

FAFSA student loan site was in ‘awful place’ — but students can get financial aid now

If you, your kids or grandkids plan to attend college in the fall, you’ve probably heard this word that sounds like a foreign language: FAFSA. In a way, navigating the Free Application for Federal Student Aid can be as difficult as learning a foreign language. This year, government gaffes made the application process worse. The

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Finance

Hundreds Of Thousands Of College Financial Aid Forms Need Fixing

WASHINGTON (AP) — The U.S. Education Department said it has discovered a calculation error in hundreds of thousands of student financial aid applications sent to colleges this month and will need to reprocess them — a blunder that follows a series of others and threatens further delays to this year’s college applications. A vendor working for

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Loans

Are FFEL loans eligible for forgiveness?

(NewsNation) — A sticking point in a federal program that ended in 2010 may leave many who sought student loan forgiveness twisting in the wind. The Federal Family Education Loan (FFEL) program worked with private lenders to provide education loans guaranteed by the federal government. That program, however, ended more than a decade ago, and

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Loans

Applicants warned of delays at federal student loan application site

WASHINGTON (WCSC) – The U.S. Department of Education said Monday that families applying for financial aid for college may experience “pauses” on the site now that the application process has opened. In a post on X, formerly Twitter, Federal Student Aid, a Department of Education office that provides grants, loans and work-study funds for college,

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