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Student Financial Aid In The United States
Student financial aid in the United States is funding that is available exclusively to students attending a post-secondary educational institution in the United States. This funding is used to assist in covering the many costs incurred in pursuing post-secondary education. Financial aid is available from federal and state governments, educational institutions, and private organizations. It can be awarded through grants, loans, work-study, and scholarships. To apply for federal financial aid, students must first complete the Free Application for Federal Student Aid (FAFSA). The financial aid process has been criticized for its part in enrollment management, whereby students are awarded money not based on merit or need, but on the maximum the student families will pay. Types of financial aid Grants In the United States, grants come from a wide range of government departments, colleges, universities or public and private trusts. Grant eligibility is typically determined by fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Higher Education In The United States
In the United States, higher education is an optional stage of formal learning following secondary education. It is also referred to as post-secondary education, third-stage, third-level, or tertiary education. It covers stages 5 to 8 on the International ISCED 2011 scale. It is delivered at 3,931 Title IV degree-granting institutions, known as colleges or university, universities. These may be public university, public or private university, private universities, research university, research universities, liberal arts colleges, Community colleges in the United States, community colleges, or for-profit colleges. U.S. higher education is loosely regulated by the government and by several third-party organizations and is in the process of being even more decentralized. Post secondary (college, university) attendance was relatively rare through the early 20th century. Since the decades following World War II, however, attending college or university has been thought of as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The College Board
The College Board, styled as CollegeBoard, is an American not-for-profit organization that was formed in December 1899 as the College Entrance Examination Board (CEEB) to expand access to higher education. While the College Board is not an association of colleges, it runs a membership association of institutions, including over 6,000 schools, colleges, universities, and other educational organizations. The College Board develops and administers standardized tests and curricula used by K–12 and post-secondary education institutions to promote college-readiness and as part of the college admissions process. The College Board is headquartered in New York City. David Coleman has been the CEO of the College Board since October 2012. He replaced Gaston Caperton, former governor of West Virginia, who had held this position since 1999. The current president of the College Board is Jeremy Singer. In addition to managing assessments for which it charges fees, the College Board provides ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard
Harvard University is a private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States. Its influence, wealth, and rankings have made it one of the most prestigious universities in the world. Harvard was founded and authorized by the Massachusetts General Court, the governing legislature of colonial-era Massachusetts Bay Colony. While never formally affiliated with any denomination, Harvard trained Congregational clergy until its curriculum and student body were gradually secularized in the 18th century. By the 19th century, Harvard emerged as the most prominent academic and cultural institution among the Boston elite. Following the American Civil War, under Harvard president Charles William Eliot's long tenure from 1869 to 1909, Harvard developed multiple professional schools, which transfo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Student Loans
A private student loan is a financing option for higher education in the United States that can supplement, but should not replace, federal loans, such as Stafford loans, Perkins loans and PLUS loans. Private loans, which are heavily advertised, do not have the forbearance and deferral options available with federal loans (which are never advertised). In contrast with federal subsidized loans, interest accrues while the student is in college, even if repayment does not begin until after graduation. While unsubsidized federal loans do have interest charges while the student is studying, private student loan rates are usually higher, sometimes much higher. Fees vary greatly, and legal cases have reported collection charges reaching 50% of amount of the loan. Since 2011, most private student loans are offered with zero fees, effectively rolling the fees into the interest rates. Interest rates and loan terms are set by the financial institution that underwrites the loan, typically ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard University
Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyman John Harvard (clergyman), John Harvard, it is the oldest institution of higher learning in the United States. Its influence, wealth, and rankings have made it one of the most prestigious universities in the world. Harvard was founded and authorized by the Massachusetts General Court, the governing legislature of Colonial history of the United States, colonial-era Massachusetts Bay Colony. While never formally affiliated with any Religious denomination, denomination, Harvard trained Congregationalism in the United States, Congregational clergy until its curriculum and student body were gradually secularized in the 18th century. By the 19th century, Harvard emerged as the most prominent academic and cultural institution among the Boston B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Athletic Scholarships
An athletic scholarship is a form of scholarship to attend a college or university or a private high school awarded to an individual based predominantly on their ability to play in a sport. Athletic scholarships are common in the United States and to a certain extent in Canada, but in the vast majority of countries in the world they are rare or non-existent. United States Overview In the United States, athletic scholarships are for team sports such as American football and basketball. There are full-ride scholarships for individual sports such as swimming, track or tennis for high performing athletes but most schools give partial scholarships in these sports. Even though individual sports have partial scholarships they still cover a significant amount of the cost of attending college. As of 2020, only about 1% to 2% of undergraduate students in bachelor's degree programs were receiving athletic scholarships. Regulation and organization In the United States, athletic scholarships ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ACT (test)
The ACT (; originally an abbreviation of American College Testing) Name changed in 1996. is a standardized test used for college admissions in the United States. It is administered by ACT, Inc., a for-profit organization of the same name. The ACT test covers four academic skill areas: English, mathematics, reading, and scientific reasoning. It also offers an optional direct writing test. It is accepted by many four-year colleges and universities in the United States as well as more than 225 universities outside of the U.S. The main four ACT test sections are individually scored on a scale of 1–36, and a composite score (the rounded whole number average of the four sections) is provided. The ACT was first introduced in November 1959 by University of Iowa professor Everett Franklin Lindquist as a competitor to the Scholastic Aptitude Test (SAT). The ACT originally consisted of four tests: English, Mathematics, Social Studies, and Natural Sciences. In 1989, however, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grad PLUS
Graduate PLUS is a type of federal student aid, in the form of student loans, which is available to graduate and professional students. Similar to the Parent PLUS loan for parents of dependent undergraduate students, the Graduate PLUS loan is an unsubsidized federally guaranteed education loan with no annual or aggregate limits. It has no grace period and it goes into repayment as soon as the funds are disbursed to the borrower. It has the same deferment and forbearance options as the federal Stafford loan program. As such, graduate and professional students can postpone repayment using in-school deferment while enrolled at least half-time in a degree or certificate program of study. At present, interest rates on Federal Family Education Loan Program (FFELP) Federal PLUS loans are fixed at 6.84%. Many lenders offer borrower benefits to reduce this interest rate during repayment. During any period of deferment or forbearance, interest can accrue and be capitalized to the princ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stafford Loan
A Stafford Loan was a student loan offered from the United States Department of Education to eligible students enrolled in accredited American institutions of higher education to help finance their education. The terms of the loans are described in Title IV of the Higher Education Act of 1965 (with subsequent amendments), which guarantees repayment to the lender if a student defaults. As of July 1, 2010, Stafford Loans are no longer being offered, having been replaced with the William D. Ford Federal Direct Student Loan Program. In 1988, Congress renamed the Federal Guaranteed Student Loan program the Robert T. Stafford Student Loan program, in honor of U.S. Senator Robert Stafford, a Republican from Vermont, for his work on higher education. Stafford loans were guaranteed by the full faith of the US government, and were offered at a lower interest rate than the borrower would otherwise be able to get for a private loan. On the other hand, there were strict eligibility requirem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asymmetric Information
In contract theory, mechanism design, and economics, an information asymmetry is a situation where one party has more or better information than the other. Information asymmetry creates an imbalance of power in transactions, which can sometimes cause the transactions to be inefficient, causing market failure in the worst case. Examples of this problem are adverse selection, moral hazard,Dembe, Allard E. and Boden, Leslie I. (2000). "Moral Hazard: A Question of Morality?" New Solutions 2000 10(3). 257–79 and monopolies of knowledge. A common way to visualise information asymmetry is with a scale, with one side being the seller and the other the buyer. When the seller has more or better information, the transaction will more likely occur in the seller's favour ("the balance of power has shifted to the seller"). An example of this could be when a used car is sold, the seller is likely to have a much better understanding of the car's condition and hence its market value than the bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CSS Profile
The CSS Profile, short for the College Scholarship Service Profile, is an online application created and maintained by the United States–based College Board that allows incoming and current college students to apply for non-federal financial aid Student financial aid in the United States is funding that is available exclusively to students attending a post-secondary educational institution in the United States. This funding is used to assist in covering the many costs incurred in purs .... It is primarily designed to give member institutions of the College Board a comprehensive look at the financial and family situation of students and their families to use as they determine their eligibility for institutional financial aid. The CSS Profile is used to determine student financial aid by approximately 400 colleges, universities, and scholarship programs in the United States. References External linksOfficial website Student financial aid in the United States {{US-ed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
