Home Encyclopedia Standards of Excellence Reauthorization LearnStudentAid.org Parents & Students
 
NASFAA
1101 Connecticut Avenue, NW, Suite 1100
Washington, DC 20036-4303

Phone: 202-785-0453
Fax: 202-785-1487
Web@NASFAA.org

Financial Aid in the News

Use of Academic Competitiveness and Smart Grants Likely to Increase, Report Says (The Chronicle of Higher Education)

"Interest in the federal government's Academic Competitiveness and Smart Grant programs is likely to increase next year, the Government Accountability Office reported today, largely because of recent legislation simplifying the programs' eligibility requirements," The Chronicle of Higher Education reports. "Participation rates in the programs, which supplement Pell Grants for high-achieving, low-income students, were lower than expected during their first few years, partly because of complicated eligibility requirements and a limited amount of time to set up the programs, the report says. In the programs' first year, they awarded roughly $430-million to about 361,000 students, well short of the estimate of $790-million for 505,000 students. Last year the government awarded grants to 465,000 students. Critics said the Education Department still did not reach its goal partly because it failed to promote the grants and explain them in detail to colleges."

You can read the complete March 25, 2009 Chronicle of Higher Education article on-line.

Posting of "Financial Aid in the News" does not imply endorsement or support by NASFAA. If you attempt to access an article and receive a "not found" message, it is likely that the article has been removed from the site. Posted 03/26/09 to www.NASFAA.org. Please submit Web Site questions or comments to Web@NASFAA.org.