College becomes more affordable for Kentucky students thenewsenterprise.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenewsenterprise.com Daily Mail and Mail on Sunday newspapers.
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Apr 16, 2021 11:57 AM
Gov. Andy Beshear and the Kentucky Higher Education Assistance Authority (KHEAA) warned that if Kentucky students owe money on federal student loans, they should watch out for scamming loan repayment companies. The companies offering to help students lower their payments may be charging large fees for services that are available for free. The Federal Trade Commission says it is illegal for companies to charge upfront fees before providing debt relief services.
The Governor and KHEAA warn borrowers to be skeptical about companies that:
Ask for payment up front and for monthly fees to monitor an account;
One way to save money on higher education is to earn college credits while in high school, according to the Kentucky Higher Education Assistance Authority.
KHEAA provides financial literacy resources kentuckynewera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kentuckynewera.com Daily Mail and Mail on Sunday newspapers.
The Kentucky Council on Postsecondary Education reported Tuesday that participation of the Free Application for Federal Student Aid has dropped 19% for high school seniors. The form is necessary for students to receive financial aid for college.
Although submissions are down 19%, the state has ranked 12th in the country for submissions as of Jan. 22.
âThe overall percentage of FAFSA filers, which includes high school seniors, current college students and adults, shows a 13% drop over this time last year, according to the Kentucky Higher Education Assistance Authority,â the council stated in a news release.
The council has launched the FAFSA February campaign, aiming to reverse the downward trend. It will use social media campaigns and other news organizations to encourage completing the FAFSA.