Struggling with budget shortfalls that reach
into the billions, several states nationwide are making deep cuts in
college financial aid programs, including those that provide a vital
source of cash for students who most need the money. At least a dozen
states are reducing award sizes, eliminating grants and tightening
eligibility guidelines because of a lack of money. At the same time,
the number of students seeking aid is rising sharply as more people
seek a college education and need help paying the tuition bill because
they or their parents lost jobs and savings during the recession...
The Jack Kent Cooke Foundation, a Virginia-based
philanthropy that helps promising low-income students pay for college,
has named Lawrence Kutner, a Harvard University psychologist, as
its next executive director...The nine-year-old foundation has attracted
national attention for its innovative strategies to help bright,
low-income students attend college and graduate school. Through its
community-college-transfer program, the group has given awards to
both private and public institutions for programs to recruit and
retain needy students from community colleges. It has also underwritten
efforts to replicate a University of Virginia program that places
recent college graduates in high schools with low college-going rates
to help students apply to college...
The Obama administration's plan to make
the federal student-aid application form less complicated by eliminating
some questions would cause complications for states, says a report from
the National Association of State Student Grant and Aid Programs...
...But tens of thousands of students
at public and private colleges and universities around the country
will find arts programs, courses and teachers missing — victims
of piercing budget cuts -- when they descend on campuses this
month and next...
Few things are more demoralizing than
receiving a bill that exceeds the amount of money in your bank account.
Especially if your child's future hangs in the balance. That's the
predicament facing many cash-strapped parents of college students
as bills for the upcoming semester start to arrive in the mail. Fortunately,
even at this late date, you have options. Among them...