ERIC Number: ED628355
Record Type: Non-Journal
Publication Date: 2022-Nov
Pages: 46
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Financial Aid Offers: Action Needed to Improve Information on College Costs and Student Aid. Report to the Republican Leader, Committee on Education and Labor, House of Representatives. GAO-23-104708
Emrey-Arras, Melissa
US Government Accountability Office
The Department of Education disbursed nearly $112 billion in financial aid to students through various grant and loan programs in fiscal year 2021. Colleges generally provide students information about the aid for which they are eligible in financial aid offers. Students use these offers to make key decisions, including which college to attend and how to finance their education. The US Government Accountability Office (GAO) was asked to review the information in college financial aid offers. This report examines the extent to which colleges are: (1) following best practices to provide clear and standard information about college costs and student aid in their financial aid offers; and (2) required to provide this information to help students make educated financial decisions.
Descriptors: Student Financial Aid, Paying for College, Federal Aid, Best Practices, Decision Making, Federal Legislation, Information Dissemination, Grants, Student Loan Programs, Scholarships, Work Study Programs
US Government Accountability Office. 441 G Street NW, Washington, DC 20548. Tel: 202-512-6000; Web site: http://www.gao.gov
Publication Type: Reports - Research; Legal/Legislative/Regulatory Materials
Education Level: Higher Education; Postsecondary Education
Audience: Policymakers
Language: English
Sponsor: N/A
Authoring Institution: US Government Accountability Office (GAO)
Identifiers - Laws, Policies, & Programs: Pell Grant Program
Grant or Contract Numbers: N/A