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Concerned with the quality of these schools, the Veteran Administration instituted an 85–15 rule, capping the percentage of a school's revenue from GI Bill funds at 85%. [4] In 1972, for-profit colleges became eligible to receive federal student financial aid under Title IV. There were then no restrictions on the percentage of revenue that ...
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 ...
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).
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?
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]
NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data.
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.
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