"Nearly 300,000 students who used Pell Grants to attend now-shuttered colleges have had their eligibility for the financial aid restored by the Education Department," The Chronicle of Higher Education reports.
"Last fall, at the urging of Sen. Patty Murray, Democrat of Washington, the department in the Obama administration agreed to use its authority under the Higher Education Act to restore the Pell eligibility of students who had attended colleges that had suddenly closed, including the campuses of the for-profit Corinthian Colleges and ITT Technical Institutes. In April the Trump administration announced that it would follow through on the plan.
Ms. Murray recently sent a letter to the department’s Federal Student Aid office asking for an update on the progress of the restoration.
The department, under Secretary of Education Betsy DeVos, responded this week that it had restored at least a portion of Pell eligibility for 288,969 students who had attended 841 institutions that closed from 2001 to 2016.
'We found that there have been a total of 451,800 semesters restored,' the department said.”
NASFAA's "Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 11/21/2017