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Delays in the awarding of financial aid prevent students from attending college

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NEW YORK (AP) – For many students, the excitement of being accepted into their first-choice college this 12 months is tempered by troubling uncertainty about whether they are going to receive the financial aid they need.

Financial aid decisions, which generally result in acceptance letters, are delayed attributable to later-than-expected implementation and revised Free Application for Federal Student Aida form commonly often known as FAFSA that schools use to calculate financial aid.

The result: students and their parents postpone their decision to check.

“We won’t make a choice without knowing what we’re entering into financially; that will be irresponsible,” said Jenny Nicholas of Keene, New Hampshire. She desires to make sure that that her son, a highschool graduate, will go to college that will probably be the most cost-effective for his or her family.

FAFSA, college financial aid, theGrio.com
Sen. Bill Cassidy, R-La., speaks during a news conference on FAFSA implementation issues, Thursday, Feb. 1, 2024, on Capitol Hill in Washington. From left are Sen. Roger Marshall, R-Kan. and Sen. Shelley Moore Capito, R-W.Va. (AP Photo/Mariam Zuhaib)

The Department of Education said it will be easier for fogeys to finish the form and used a brand new formula to calculate aid entitlement, taking inflation into consideration. However, it was not ready in October, when forms are often issued for the upcoming school 12 months. This was the case during the soft launch in December difficult for many individuals to access the form. The first version didn’t include an updated inflation tool.

Schools won’t receive the information they should award financial aid until next month, forcing them to adapt. Some have moved away from the popular May 1 deadline for students to just accept offers of admission.

Last week, for instance, Virginia Tech announced that it had moved up its freshman admissions deadline to May 15. “Families are understandably concerned about this year’s FAFSA process and tell us they need more time to make fully informed decisions,” Juan Espinoza, interim vice chancellor for enrollment management, said in an announcement.

The school said it expects to notify families about financial aid in mid-April.

“We can’t make a decision until we receive the financial aid package,” said Agatha James, mother of a New York highschool senior from Queens. “Everything is on hold.”

Son James’ decision is torn between two colleges, one in his home state and the other at an out-of-state university that’s his dream school. However, James says the decision will rely upon what she will afford without accumulating a great amount of student loan debt.

The Department of Education said it was working to mitigate the consequences of the delays. Some of the steps taken include reducing verification requirements, sending federal experts to under-resourced schools and allocating money for technical assistance to nonprofit groups.

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“We are committed to getting this right,” Education Secretary Miguel Cardona said in an announcement earlier this month. “We must and we will.”

More than 17 million students use the FAFSA every year to receive financial aid for college. The department said greater than 4 million forms had been successfully submitted as of mid-February.

Rachel Reniva of Dothan, Alabama, said the decision to grant financial aid would impact not only her son’s future, but in addition her entire family’s.

Even though the Department of Education has said the latest app will probably be easier to make use of, some students and oldsters are still having trouble applying.

Jesus Noyola, a sophomore at Rensselaer Polytechnic Institute in Troy, New York, said he was unable to submit the form because of an error in the important part of the application.

“It’s disappointing and very stressful because it takes forever to solve all these problems,” said Noyola, who receives scholarships and tuition to finance his education.

Other errors have been linked to Social Security numbers, said Travis Hill, director of Dallas County Promise, a college success program in Texas.

Parents without legal immigration status cannot file their portion of the application because they shouldn’t have a Social Security number. Other parents also encounter errors when linking their Social Security number to their child’s FAFSA application.

“I feel stressed,” said Lorenzo Jaramillo, 17, a highschool senior who wants to check computer engineering. Although Jaramillo lives in Toronto, he’s a U.S. citizen and due to this fact eligible for financial assistance.

Helen Faith, director of the Office of Financial Aid at the University of Wisconsin-Madison, expressed concern that delays would harm each students and schools.

“As a result, our underrepresented and most vulnerable populations are disproportionately affected,” Hill said.


This article was originally published on : thegrio.com
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Inspired by widowed mom, Fisk University’s Morgan Price is making HBCU gymnastics history in the NCAA state

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Morgan Price of Fisk University

 

Price, 18, is the daughter of former Kansas City Royals baseball player Chris Price and former Vanderbilt cheerleader Marsha Price.

Morgan Price made history. And she couldn’t do it without her mother’s love.

Price, who attends Fisk University, won the USAG All-Around National Champion title Saturday with a rating of 39.225, making history as the first athlete from a historically black college to win the collegiate gymnastics national championship.

During an interview with “CBS Mornings” On Monday, Price praised her “inspiring” mother, former Vanderbilt University cheerleader Marsha Price, for helping her three daughters and one son get on the right path after becoming a widow. The mother of 4 lost her husband, former Kansas City Royals baseball player Chris Price, in a bike accident when her daughter was just 6 years old.

Fisk University’s Morgan Price competes on the balance beam at the Super 16 gymnastics competition in January 2023 in Las Vegas. On Saturday, Price made history as the first athlete from a historically black college to win the national collegiate gymnastics championship. (Photo: Chase Stevens/AP)

“She’s a very hard-working mom,” Price said. “She taught me everything I know today, so I’m very grateful for her.”

Last 12 months, Fisk became the first HBCU team to compete in the NCAA women’s gymnastics competition. Price, who turned down a full scholarship to the University of Arkansas to attend the institution, shared how her desire to live out and honor her legacy led her to Nashville.

“I just feel like it’s an honor and just living out my legacy, and to be able to showcase my talents and do it at an HBCU is just an honor for me,” she said. “I made the decision to change to inspire the younger generation, so that younger African-American girls can see that HBCU gymnastics is important and that we can compete with the best of the best.”

The 18-year-old, who has been a gymnast since she was 2, said the achievements of her first black coach – Corrinne Tarver, the first black gymnast to win Price’s latest title in 1989 – also inspired her decision to enrolling in school and motivated her to proceed working. search for your individual goals in school.

Growing up, Price looked to her family for support because, as one in all the only black gymnasts on her team, she often felt isolated.

“Now I feel like I even have a team of African American and Latina women. I can all the time call someone,” Price told CBS. “They also taught me a lot, thanks to my culture. So I’m forever grateful to be on a team full of African Americans.”

Although Price is focused on the offseason, she said she is committed to Fisk and the sport and hopes to eventually win another title and become an HBCU gymnastics coach.

 

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The post Inspired by Her Widowed Mom, Fisk University’s Morgan Price Makes HBCU, NCAA Gymnastics History appeared first on TheGrio.

 

This article was originally published on : thegrio.com
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Wayne Brady is celebrating Financial Literacy Month

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Wayne Brady, Financial Literacy Month, pay progress forward, host, let

 


Actor, singer and entertainer Wayne Brady is celebrating Financial Literacy Month by collaborating with Chime on the “Pay Progress Forward” campaign, which explores the connection between financial well-being and the spirit of generosity.

New video series to introduce Emmy Award-winning the host sits down with five people who find themselves tested to see in the event that they can double their money or pass it on. Individuals then meet with a financial educator who helps them determine how much they should unlock financial progress of their lives.

@chime Real talk: do you select money or pay it forward? 👀 See how our give attention to generosity turned out. More details about transferring progress will be present in the link in bio 💚 . . . Paycheck to Paycheck Source: PYMTS New Reality Check: @Wayne Brady Paycheck to Paycheck Report #chime #payprogresforward #progress #financialprogress ♬ original sound – Chime Financial

I’m talking with BLACK ENTERPRISESBrady spoke candidly about his personal finance journey and the way his grandmother inspired him to at all times lead with gratitude. Brady learned funds early in life as an aspiring artist and later as a talented entrepreneur.

“My grandmother taught me all about generosity. Even if you feel like you may not have it, there will always be someone who is not as wealthy as you,” explains Brady. “You may only have 15 cents, someone may only have three cents, and if you’ve three cents, it means there is someone who has nothing, and you’ll be able to at all times help.

“I think I inherited that from her,” he adds. “As for my money literacy journey, it is a journey. If you do not grow up with it, chances are you’ll not understand its value. I believe sometimes you’ve to go a great distance not having it, knowing that you’ve to work hard for it and put it aside and know where it comes from.

It was an act of generosity on the a part of his grandmother, who gave him a $200 suit that opened up a future of economic freedom for the star. Brady was early in his profession in Los Angeles and was given the chance to sing in Japan. But Brady’s automotive has just been repossessed and he’s just been evicted from his apartment.

“In the six months I’m there, I’ll come back with enough money to make a down payment on an apartment, buy a new car and help my grandmother,” he said. “I just needed a tuxedo and money to make copies of my sheet music. And once I say I had nothing, I had nothing. My grandmother took her last $200 and invested in me. She made an investment.

Brady was in a position to pay his grandmother after which some.

Press play below to envision out Wayne Brady’s full interview with Chime’s Pay Progress Forward, where Brady shares his suggestions for somebody looking to search out the balance between generosity and financial progress in their very own life , and in addition reveals a few of his upcoming projects.

This article was originally published on : www.blackenterprise.com
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Vice President Kamala Harris Teams With ‘Another World’ Cast to Promote Student Debt Forgiveness, HBCUs

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America’s first black vp met with the celebs of the Nineties sitcom in her office within the West Wing of the White House.

Vice President Kamala Harris honored historically black colleges and universities with the solid of the comedy series “Another World,” while the White House promoted their efforts to ease the burden of student debt.

In the film sent on Friday, Harris highlighted the Biden-Harris administration’s actions to eliminate student debt for hundreds of thousands of borrowers. She was joined by “A Different World” co-stars Jasmine Guy, Kadeem Hardison and Glenn Turman to urge borrowers to find out about available federal debt relief programs.

The movie begins with Guy, who played Whitley Gilbert, and Hardison, who played Dwayne Wayne, within the White House. In the series, Wayne fell in love with Gilbert while they were studying at Hillman College, a fictional HBCU. The series aired on NBC from 1987 to 1993.

“We live in a different world,” Guy said.

Hardison then said, “Whether you graduated from Hillman or…” the camera then cuts to Harris, who continued, “Either went to the real HU, student loan debt is a burden on too many people right now, and we do something about it.”

Harris is a graduate of Howard University, which students and alumni of the university refer to because the “real HU” to distinguish it from rival Hampton University.

In the following video sent on Saturday, actors including Cree Summer, Dawnn Lewis, Chernele Brown and Daryl Bell recreate the show’s intro outside the West Wing. Harris is later seen greeting and chatting with the solid in her office.

According to the vp’s office, Harris was “overjoyed” to welcome the solid to the White House during their visit organized by the White House Office of Community Engagement. The solid was in Washington, D.C. as a part of an HBCU tour aimed toward promoting college enrollment and raising funds for scholarships for current and future students.

The actors held a non-public meeting with Harris on Tuesday, during which they discussed the Biden-Harris administration’s efforts to address the rising costs of upper education and the burden of student debt.

Vice President Harris welcomes actress Dawnn Lewis, who starred within the film “Another World.” (Photo: White House)

The meeting also highlighted HBCUs, a few of which have seen record enrollment numbers for the reason that Covid-19 pandemic. The Biden-Harris administration has invested greater than $7 billion in historically black colleges and universities. As a Howard graduate, Harris is credited with bringing national attention to HBCUs.

The vp’s office said Harris will proceed to expand the importance of HBCUs and the impact of “leading the way for HBCU graduates across the country.”

A day before the solid of “A Different World” visited the White House, which included a tour of the press briefing room with White House Press Secretary Karine Jean-Pierre, the Biden-Harris administration announced its long-awaited student loan debt forgiveness program.

“Plan B” of President Biden’s original program, which was eliminated by the U.S. Supreme Court, includes five methods to “fix” the federal student loan program, including providing debt forgiveness to borrowers who owe more today than after they began repayment, who owed for 20 years or more and are experiencing financial difficulties. The proposed plan is anticipated to be ready in the autumn.

Combined with existing student loan programs created or expanded by the administration, the White House expects to provide assistance to as many as 30 million student borrowers, including many Black and Latino borrowers. So far, Biden and Harris have canceled $146 billion in student loan debt for 4 million Americans.

TheGrio caught up with the solid of “A Different World” in regards to the need to provide economic relief to Black students and borrowers.

(Front Row LR) Cree Summer, Kadeem Hardison (Second Row LR) Charnele Brown, Dawnn Lewis, Darryl M. Bell (Back Row LR) Jasmine Guy and Glynn Turman attend A Different World HBCU College Tour 2024 at Spelman College on February 29 , 2024 in Atlanta, Georgia. (Photo: Nykieria Chaney/Getty Images)

“We are putting a burden on these children when they are just starting out in life,” Guy told the Grio day by day. “They enter their lives with a ball and chain.”

Bell, who played Ron Johnson in “A Different World,” brought to mind America’s first black president, Barack Obama, and former first lady Michelle Obama, who only paid off their college debt 4 years before entering the White House.

“Not everyone can do this to get out of debt,” Bell said.

Lewis, who played Jaleesa Vinson, said she would not have the opportunity to repay her student loan debt until she starred in “A Different World.”

“The repayments were being put off more and more, being put off until I could get a job… I was able to do this for over a decade trying to pay off my student loans,” said Lewis, a University of Miami graduate. “But it was important to get an education and do what needed to be done.”

Recalling his visit to the White House and the progress black Americans have made, Turman, who starred as Colonel Bradford Taylor on the series, said it was a “good starting point.”

“I actually see us going much further,” Grio said. “It’s good that we’re here. And it took everything to get here. But where we need to get to is just the tip of the iceberg.

Turman said he especially wants young Black people to be “encouraged” and “enthusiastic” about the opportunities available to them, but not “take them for granted.”

“This is not the time to become complacent. Just because you see us standing here in the White House doesn’t mean we don’t still have to put bricks and mortar on this bad boy,” he said. “Continue… because you need us.”

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The post Vice President Kamala Harris Teams Up With ‘Another World’ Cast to Promote HBCU Student Debt Forgiveness appeared first on TheGrio.


This article was originally published on : thegrio.com
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