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The Latest Breaking News from Financial Aid

Key executive convicted of defrauding JPMorgan Chase is sentenced to over 5 years in prison

A top executive at a startup company that helped college students apply for financial aid has been sentenced to over five years in prison for cheating JPMorgan Chase in a $175 million buyout four years ago

The Independent UK

Trump Says US To End Aid To Colombia Over Drug Production

President Donald Trump said Sunday the United States is halting financial aid to Colombia, a longstanding US ally, as he accused its president of condoning the production of drugs.

International Business Times

Trump Would 'Not Be Generous' To Argentina If President Javier Milei Loses The Midterm Elections: 'Not Going To Waste Our Time'

President Donald Trump has made a significant statement regarding the future of Argentina’s financial aid package, linking it to the outcome of the country’s upcoming midterm elections.

Benzinga

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A fragmented legal system and threat of deportation are pushing higher education out of reach for many undocumented students

The Trump administration is upending norms and policies across the American educational system. One of the many groups facing uncertainty are prospective and current students living in the country without legal authorization.

The Conversation

FAFSA Advice for 2025

A new federal financial aid application drops on October 1 — and being an early bird will likely pay off.

Kiplinger

Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of financial aid startup

The 33-year-old founder of the startup student financial aid company Frank has been sentenced to more than seven years in prison

The Independent UK

Student Loan Shake-Up: What the OBBB Means for Parent PLUS Borrowers, From a Financial Aid Expert

For students starting a new program on/after July 1, 2026, loans will be capped at $20,000 annually, and parents can borrow no more than $65,000 total, a big change from the unlimited borrowing setup.

Kiplinger

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Trump isn’t cutting Pell Grants, after all − but other changes could complicate financial aid for some students

As an education researcher who has studied the economic returns of higher education, I know that college degrees remain cost-effective investments for most students.

The Conversation

7 College-Aid Mistakes That Reduce Your Kid’s Award

Paying for college is one of the biggest financial challenges families face. Financial aid can make higher education more affordable, but only if families avoid...

Saving Advice

Hunger among South African students: study shows those studying remotely need financial aid for food

The spectre of food insecurity unfortunately haunts many households in South Africa.

The Conversation

South Africa’s student debt trap: two options that could help resolve the problem

Education is widely regarded as the road to a better life. Yet the rising cost of tertiary education means many students can only go to university if they get financial aid, bursaries or loans.

The Conversation

Could Financial Aid Letters Be Designed to Confuse Students on Purpose

A college acceptance letter can feel like winning the lottery, but the financial aid packet that follows often reads like a riddle. Instead of clear answers about what college will actually cost, students face pages of cryptic terms and oddly cheerful numbers.

Everybody Loves Your Money

10 Financial Moves That Break FAFSA Eligibility

Filling out the Free Application for Federal Student Aid (FAFSA) is a key step for families hoping to lower the cost of college. But not everyone knows that certain financial decisions can hurt your chances of getting aid. Some moves might seem smart at first, but they can raise your…

The Free Financial Advisor

Colleges have a new worry: ‘Ghost students’—AI powered fraud rings angling to get millions in financial aid

The DOE found $90 million had been disbursed to ineligible students, including $30 million that went to stolen identities of deceased individuals.

Fortune

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The Free Financial Advisor

7 Investment Accounts That Could Disqualify You From Financial Aid for Your Kids

Parents often work hard to save for their children’s future, but some savings strategies can unintentionally reduce the chances of qualifying for financial aid. The type of account you choose can directly impact the amount of need-based aid your child receives. Certain assets are factored more heavily into financial aid…

Benzinga

New Federal Student Loan Caps Threaten Medical Careers — Here's What Aspiring Doctors Need To Know

Recent changes to federal student loan rules are raising concerns about the future of medical education and the availability of doctors in the U.S. Starting next July, new federal loan limits will make it harder for aspiring doctors to finance their training.

The Independent UK

College endowment tax is leading to hiring freezes and could mean cuts in financial aid

An increase in the tax on university endowments is creating financial challenges for the wealthiest U.S. colleges

The Free Financial Advisor

6 Retirement Plan Provisions That Disqualify You From Aid

Planning for retirement is a big deal. You want to make sure your money lasts, and you want to get all the help you can. But some retirement plan provisions can actually block you from getting financial aid, especially if you or your kids are looking at college costs. These…

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The Guardian - US

Trump sent ‘explicit’ threat to cut funds from University of Virginia, senator says

Mark Warner says school would face slashes to jobs and financial aid if its president did not resign over DEI practices

Latin Times

Minnesota Becomes Latest State Sued by Trump Admin Over Tuition for Undocumented Students

The Trump administration has filed a lawsuit against the state of Minnesota, challenging its policy of offering in-state college tuition and financial aid to certain undocumented students

The Independent UK

Missouri governor signs stadium aid package intended to keep the Chiefs and Royals in the state

Gov. Mike Kehoe signed a legislative package on Saturday, approved by Missouri lawmakers earlier in the week, that includes hundreds of millions of dollars of financial aid intended to persuade the Chiefs and Royals to remain in the state

The Independent UK

Scammers are using AI to enroll fake students in online classes, then steal college financial aid

Financial aid fraud is exploding, thanks to the rise of artificial intelligence

Reason

AI Bots in California Steal Over $10 Million in Federal Financial Aid

A scam that uses AI to “enroll” in community colleges to pocket student aid has skyrocketed in the Golden State and across the nation.

The Independent UK

Does a 529 plan affect financial aid?

529 assets can impact college financial aid packages, but there are nuances

The Independent UK

EU announces $1.8 billion aid package for Palestinian Authority

The European Union plans to provide financial aid worth up to $1.8 billion to support the beleaguered Palestinian Authority and fund projects in the West Bank, Jerusalem and war-ravaged Gaza

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