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The Latest Breaking News from Financial Aid

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

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…

The Free Financial Advisor

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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.

Benzinga

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 Independent UK

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…

The Free Financial Advisor

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

The Guardian - US

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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

Latin Times

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

The Independent UK

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.

Reason

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

The Independent UK

California State University’s Financial Aid Students Learn Chaos 101

With the Department of Education in turmoil, who will distribute Pell grants and other assistance?

Capital & Main

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The Independent UK

Charlie Javice convicted of defrauding JPMorgan during $175 million sale of financial aid startup

The founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid has been convicted of defrauding JPMorgan Chase out of $175 million

The Independent UK

Rohingya refugees in Bangladesh welcome $73 million in new U.S. financial aid

The U.S. government has confirmed it would provide $73 million in new financial aid for Rohingya refugees through the United Nations’ food agency, easing worries among more than 1 million refugees that essential food rations would be cut

Marie Claire

Elizabeth Warren: This Is What Eliminating the Department of Education Will Actually Look Like

With the Trump administration threatening to sign an executive order to shut down the agency as soon as today, the Senator sits down with 'Marie Claire' to explain how public schools, financial aid, and civil rights would be impacted.

International Business Times UK

Want Free Tuition From Harvard? It Won't Be So Easy - Here's How To Know If You Qualify

Harvard University has announced a significant expansion of its financial aid program, which aims to make undergraduate education more accessible.

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International Business Times

Harvard Expands Financial Aid: Who Qualifies For Free Tuition Under The New Policy?

Harvard University announced Monday that Harvard College will be made free for students from families earning $100,000 or less. Meanwhile, students from families earning $200,000 or less will receive free tuition.

The Independent UK

Harvard is offering free tuition to students whose families earn less than $200K

The financial aid expansion will go into effect for the 2025 to 2026 academic year

The Texas Tribune

Texas Southern University asks for $120 million to replace aging law school

Law students might lose financial aid if TSU does not address health and safety concerns about the building.

Evening Standard

Fact check: Around a third of EU and EU countries’ support for Ukraine is loans

Around a third of overall EU and EU member state support for Ukraine is in the form of loans, but these are heavily subsidised.

The Independent UK

UK suspends some financial aid to Rwanda over violence in eastern Congo as rebels dig in

U.K. authorities are punishing Rwanda over its support of the rebels who now control two major cities in eastern Congo

The Guardian - UK

EU spends more on Russian oil and gas than financial aid to Ukraine – report

Europe estimated to have bought €22bn of fossil fuels from Russia in 2024 but gave €19bn to support Kyiv

The Independent UK

Founder of student aid startup Frank faces criminal trial over whether she defrauded JPMorgan Chase

A woman backed by wealthy advisers who built a company to make it easier for college students to apply for financial aid has gone on trial on criminal charges that she defrauded JPMorgan Chase & Co. in a $175 million buyout

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