The federal Pell Grant program is the nation’s largest needs-based college grant program.
George Washington University is apologizing for misrepresenting how it considers financial need in admissions decisions.
A report in The George Washington University’s student newspaper, The GW Hatchet, says the school has admitted to waitlisting undergraduate applicants who can’t afford to pay tuition each year simply due to their financial constraints.
Calling higher education an “economic imperative,” President Barack Obama is pushing for an ambitious new government rating system for colleges that would judge schools on affordability and performance and ultimately determine how federal financial aid is distributed.
U.S. Education Secretary Arne Duncan is urging colleges and universities to adopt an easy-to-understand financial aid form to help students make smarter decisions on where to study, how to pay and determine what they’ll owe.