Underborrowing Is the Other Student Loan Crisis (Opinion)

"Maya* and Noah, Georgetown Law students from socioeconomically disadvantaged families, are hungry. Their kids are, too. Lauren, a student with a psychiatric disability, does not have money for medicine she needs to attend class. Although each obtained federal loans to cover the cost of tuition, the government limits living expense aid to what it deems the standard cost of attendance—which, for these and many other students, is not enough," Inside Higher Ed reports.

..."Now, for the first time, federal law requires higher education institutions to at least disclose the availability of extra aid for necessities. Unfortunately, fewer than 50 percent of financial aid administrators say they are on target to comply with the mandate by a July 1 deadline."

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: 6/26/2023