Stay Up to Date on Financial Aid Legislation!

Stay Up to Date on Financial Aid Legislation!
By Karen Lanning
Education.com

The Financial Path to College

The nation’s economic crisis has taken its toll on colleges, students and families. Tuition continues to climb as a result of battered state budgets while the funds to pay for college become increasingly harder to obtain. At a time when families are struggling with unemployment and strained resources, they face additional roadblocks, unable to count on home equity loans and 529 savings plans./p>

The financial crisis has also altered the landscape for providers of postsecondary financing. To understand the current state of higher education financing, a review of how it has been affected by the credit crisis, the programs introduced to ensure that students and families have access to funds to pay for college, and the overall changes being proposed to the federal student aid system, is in order.

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