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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 the pursuit of post-secondary education. Financial aid is available from federal and state governments, educational institutions, and private organizations. It can be awarded in the form of grants, loans, work-study, and scholarships. In order 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 what 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Higher Education In The United States
Higher education in the United States is an optional stage of formal learning following secondary education. Higher education is also referred 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 4,360 Title IV degree-granting institutions, known as colleges or universities. These may be public or private universities, research universities, liberal arts colleges, community colleges, or for-profit colleges. US higher education is loosely regulated by the government and by several third-party organizations. In Spring 2022, about 16 million students 9.6 million women and 6.6 million men enrolled in degree-granting colleges and universities in the U.S. Of the enrolled students, 45.8% enrolled in a four-year public institution, 27.8% in a four-year private institution, and 26.4% in a two-year public institution. College enrollment has declined every year since a peak in 2010 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The College Board
The College Board is an American nonprofit 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 Kâ12 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 resources, tools, and service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and one of the most prestigious and highly ranked universities in the world. The university is composed of ten academic faculties plus Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer only graduate degrees, including professional degrees. Harvard has three main campuses: the Cambridge campus centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment is valued at $50.9 billion, making it the wealthiest academic institution in the world. Endowment inco ... [...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 b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard University
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and one of the most prestigious and highly ranked universities in the world. The university is composed of ten academic faculties plus Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer only graduate degrees, including professional degrees. Harvard has three main campuses: the Cambridge campus centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment is valued at $50.9 billion, making it the wealthiest academic institution in the world. Endowment inco ... [...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 his or her 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 year 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 s ... [...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 University and college admissions, college admissions in the Education in the United States, United States. It is currently administered by ACT (nonprofit organization), ACT, a nonprofit organization of the same name. The ACT test covers four academic skill areas: English studies, English, mathematics, Reading (process), reading, and reasoning, scientific reasoning. It also offers an optional direct writing test. It is accepted by all 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 Test score, scored on a scale of 1â36, and a composite score (the rounded whole number average of the four sections) is provided. The ACT was first introduced in November of 1959 by University of Iowa professor Everett Franklin Lindquist as a competitor to the SA ... [...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 princi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asymmetric Information
In contract theory and economics, information asymmetry deals with the study of decisions in transactions 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, 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 buyer, who can only estimate the market value based on the information provided by the seller and their own as ... [...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 college students to apply for non-federal financial aid. 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. It is more detailed than the United States federal application, Free Application for Federal Student Aid or FAFSA The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid. The FAFSA is differ .... References External linksOfficial website Student financial aid in the United States {{US-edu-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
