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The "financial assistance for students" is covered in Title IV of the HEA. The Higher Education Act of 1965 was reauthorized in 1968, 1972, 1976, 1980, 1986, 1992, 1998, and 2008. The current authorization for the programs in the Higher Education Act expired at the end of 2013 but has been extended through various temporary measures since 2014. [2]
Title VIII, Additional Programs. [3] Title IV contains nine parts that authorize a broad array of programs and provisions to assist students and their families in gaining access to and financing a postsecondary education. Programs authorized under this title are the primary sources of federal aid supporting postsecondary education. [3] The act ...
During the 1998 reauthorization of the Higher Education Act, Congress changed the 85–15 rule to the 90–10 rule. Now for-profit colleges could receive up to 90%, rather than 85%, of revenue from Title IV funds. [6] In March 2021 the US Senate removed the 90–10 loophole as part of the 2021 Covid relief bill.
Most student loans and refinancing options require a Title IV school to qualify. Let’s answer some key questions about Title IV and why it matters: What is Title IV of the Higher Education Act?
Canadian students attending colleges in the US may obtain loans through the Canadian government's Ministry of Skills, Training, and Labour. Alternative loans Canadian international students may apply for are the Canadian Higher Education Loan Program, [26] Global Student Loan Corporation (GLSC), [27] and International Student Loan Program (ISLP).
Strengthening Institutions Program (SIP) institutions serve a low income undergraduate population (at least 50% receiving Title IV needs-based assistance) [29] and are eligible for federal funding under Title III of the Higher Education Act of 1965. However, as there are no requirements for minority enrollment under Title III Part A, in some ...
A Federal Perkins Loan, also referred to as a Perkins Loan, was a need-based student loan offered by U.S. Department of Education from 1958 until 2017. [1] Created as part of the Federal Direct Student Loan Program, the Perkins Loan served to assist American college students fund their post-secondary education.
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