"More than 18 million college students received federal COVID-19 emergency funds in the last two years—money that helped them stay in college and cover the cost of basic needs, the Education Department found in a new report on the federal aid," Inside Higher Ed reports.

..."Justin Draeger, president of the National Association of Student Financial Aid Administrators, said the report shows the powerful impact that need-based grant aid can have for students on the brink of a financial emergency.

'What’s more, the aid was largely directed to the students who needed it most: those from low-income families and those attending underresourced institutions,' Draeger said. 'The results of today’s report are a testament to the hard work of financial aid offices across the country, who spent countless hours navigating complex regulations and guidance—at a time when many are facing severe staffing shortages—to ensure money got into the hands of students.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 2/2/2023