Secretary Duncan addressed the 2012 National Council for Community and Education Partnership’s (NCCEP) Annual GEAR UP Conference this week. ED’s GEAR UP program awards six-year grants to states and partnerships to increase the number of low-income students who are prepared to enter and succeed in postsecondary education.
Posted on July 24, 2012 by Cameron Brenchley
To help solve this problem, the Obama Administration released a model financial aid award letter today called the Shopping Sheet. The Shopping Sheet will standardize award letters, making it easier to comparison shop and provide students with key information including:Financial aid options to pay this cost, with a clear differentiation between grants and scholarships, which do not have to be repaid, and loans, which do;
The net costs after grants and scholarships are taken into account;
Vital information about student results, including comparative information about default rates, graduation rates, and median debt levels for the school;
And potential monthly payments for the federal student loans the typical student would owes after graduation.
