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It was created in 1963 by an Act of the Pennsylvania General Assembly, and engages in loan guaranty, loan servicing, financial aid processing, outreach and other student aid programs. It was announced on July 8, 2021 that the agency and the United States Department of Education would not continue their relationship, effective on December 14, 2021.
The evidence submitted Monday marks a new phase in a legal battle over allegations that, for years, 17 of the country’s top schools violated antitrust laws by conspiring to reduce financial aid ...
The endowment tax provision of the Tax Cuts and Jobs Act has been criticized as funding tax breaks for corporations and the wealthy at the expense of education. Critics note that the tax could threaten financial aid for low-income students, stifle social mobility, and obstruct life-saving research.
A bursar (derived from bursa, Latin for 'purse') is a professional administrator in a school or university often with a predominantly financial role. In the United States , bursars usually hold office only at the level of higher education (two-year and four-year colleges and universities) or at private secondary schools.
Students walk between classes in front of College Hall on the campus of the University of Pennsylvania in Philadelphia, Pennsylvania, U.S., September 25, 2017. - Charles Mostoller/Reuters
A UPenn spokesperson told CNN in a statement that the university has received the document request and “will respond after we complete a review of the request.”
However, different types of financial aid have differing effects. Grant awards tend to have a stronger effect on enrollment rates. [72] Changes in tuition and financial aid affect poorer students more than they affect students with higher incomes. [72] In terms of race, changes in financial aid affect black students more than it affects white ...
The University of Pennsylvania submitted documents Wednesday evening to the Congressional committee investigating antisemitism on campus, beginning what could be a weekslong process of turning ...