Build the foundation needed to navigate the community college financial aid system. Learn which schools are the most affordable, get money tips on reducing college costs, and explore the latest initiatives to make community colleges even more accessible.
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Learn more about The College Cost Reduction and Access Act of 2007 ("CCRAA" or the "Act"), which was enacted to make college more affordable for low- and moderate-income students by phasing in increases in government grants.
The College Cost Reduction and Access Act of 2007 ("CCRAA" or the "Act") was enacted to make college more affordable for low- and moderate-income students by phasing in increases in government grants. For example, in 2007 the maximum Pell Grant was limited to $4,310, whereas the maximum for 2012 is $5,400. The Act also decreases interest rates on government-backed loans and even cancels outstanding debt in certain situations. The favorable terms for grants and loans represent an important step forward in achieving universal access to higher education. This report examines the problem of inadequate college assistance, the enactment of the Act, the major provisions affecting college student borrowers, and the funding of the new benefits.
Rising Cost of Higher Education Leads to Massive Student Loan Debt
Federal student aid has not kept pace with the escalating cost of higher education and the reduced state support of public colleges and universities. As a result, some students decide that a college education is out of their reach. Other students and their families borrow increasing amounts to pay tuition and other expenses. Students who graduate with unpaid loans are burdened with thousands of dollars of debt that they must usually begin repaying shortly after graduation. Studies show that about 39 percent of college graduates under the age of 35 say it will take them more than ten years to pay off their loans. For graduates with low- or moderate-paying jobs, the monthly principal and interest due may far exceed their ability to pay.
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February 06, 2017
The opportunities you take in community college will help to shape the rest of your life, so don't be a passive observer! Take control of your community college education.
February 06, 2017
No matter where you choose to go to college you'll have to take some kind of standardized test. The GRE is often required for graduate programs, but it may also benefit your community college application.
January 27, 2017
As careers in science, technology, engineering, and math become more prevalent, community colleges are shifting their focus to meet demand and secure their place in a rapidly changing educational landscape.