Texas A&M University's Financial Aid - Division of Enrollment and Academic Services

"For the month of February, higher education institutions across the country celebrate Financial Aid Awareness Month. The purpose of this commemoration is to make college students and their families aware of crucial information about federal, state and institutional student aid" (Ingle, 2022).

To review the full article, please visit the Fox News webpage.

Watch our latest video, "How Can Scholarships & Financial Aid Help You Pay For College?".
 

Created as part of NASFAA U's Fundamentals of Student Financial Aid online course curriculum, NASFAA recently published a video that covers the steps a student must go through to complete and submit a FAFSA through the myStudentAid mobile app. We encourage you to share this video with prospective and current college students who need help applying for federal financial aid, to link to it from your financial aid website, and to incorporate it into future financial aid night presentations.

View the video Students and Parents: Completing the FAFSA via the mobile app.

Borrowers who received loan discharges through the total and permanent disability (TPD) process will not be required to go through the burdensome income documentation process for the duration of the ongoing coronavirus pandemic, the Department of Education (ED) announced Monday. 

View the full article, ED Waives Documentation Requirements.

The vast majority of four-year public university graduates complete their undergraduate degree with a relatively modest and manageable amount of student debt.

To learn more about this topic view the article, What is the typical debt load for graduates of four-year public universities?

At a time when the future of education is being debated, we have an opportunity to not just evolve for COVID-related reasons but to reexamine more broadly what and how we learn. One of these areas includes financial literacy. 

View the full article about the Financial Education Experience We Need Right Now.

Fifty-four percent of young American adults who went to college took on some kind of debt — including student loans — to fund their education, according to the Federal Reserve. The average amount of educational debt in 2018 was between $20,000 and $24,999, with the typical monthly payment ranging from $200 to $299.

Meanwhile, the cost of college continues to rise. The average tuition and fees for the 2018-2019 academic year ranged from $10,230 for a public four-year in-state school to $35,830 for a private nonprofit four-year school, according to CollegeBoard. It’s no surprise, then, that students are seeking school loans to pay for their education. However, Generation Z might be reversing the trend by looking for other ways to pay for college, according to this survey.

To find out more visit the article, How Gen Z Plans To Avoid Student Loans.

Try the new Federal Student Aid Loan Simulator. The Loan Simulator is a new tool to help you make decisions about your student loans. Use it to find a repayment plan that meets your needs and goals or to decide whether to consolidate.

Visit the Loan Simulator webpage.

Our Financial Aid FAQ page contains updated information on common financial aid processes for the Fall 2020 semester. Covering topics like submitting documents, courses counting, and financial aid refunds, this page is a great resource that will help students answer common financial aid questions.  

Lacking the skills needed to make informed financial decisions hurts individuals and the economy. What can advisers do to help?

View the article on Financial Literacy.