Brought to you by:
Discover® Student Loans. We help students and their families cover college costs with flexible loan options to help fit their needs. In addition to great rates and zero fees, we celebrate your student's hard work with cash rewards for good grades. Learn more at Discover Student Loans. Limitations apply.
President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) over the weekend agreed to a proposal that would raise the debt ceiling and address future spending levels. The bill text also contains a provision that would codify the Biden administration’s planned resumption of student loan repayments by sunsetting the payment pause and interest accrual 60 days after June 30, 2023.
For the first time since the 2008 Great Recession state funding for public higher education surpassed pre-recession funding levels per-student, with an increase of 4.9% in appropriations.
On Thursday NASFAA signed on to a letter urging congressional leaders to streamline the Supplemental Nutrition Assistance Program’s (SNAP) eligibility requirements to make SNAP benefits more accessible for college students struggling with food insecurity. “Current SNAP eligibility requirements for students are complex and confusing, making it harder for students facing food insecurity to receive these benefits and less likely that they will complete their postsecondary education,” wrote Ted Mitchell, president of the American Council on Education (ACE), who spearheaded the letter. The letter goes on to urge Congress to simplify participation in the program, which ultimately would increase the number of individuals who successfully complete a postsecondary credential, and allow them to better provide for themselves and their families while contributing to our workforce and economy.
Scenario: A student moved into a homeless shelter when the dorms closed for spring break because they missed the deadline to stay on campus. They used that documentation to complete the FAFSA as an independent student even though they have a good relationship with their parents. View the full answer to this question to learn more.