Categories
paydayloan4less.com payday loans online same day deposit

Various other measures can impact the validity of the data used within this report

Various other measures can impact the validity of the data used within this report

Validity Concerns

For example, the validity of the average net price metric decreases if there are a very low number of Title IV students whose parents earned $0-$48,000 because results are based on very few instances. Similarly, very low levels of Title IV students impact the validity of the repayment rate and percent Pell metrics. Very low levels of first-time, full-time students impact the validity of the completion rate metric. Additionally, to avoid variability that can take place across years, especially for colleges with low enrollment, completion rate data is pooled over two years. Repayment rate data stemming from colleges with very few Title IV students was also suppressed for low numbers. It must also be noted that the metric showing the percentage of students who obtain wages over $25,000 is the most dated metric. Not only did the students who are analyzed for the metric enroll in 2006, the data was reported in 2011, whereas data from other metrics were reported in 2013.

It is important to note that College Scorecard data is presented at an institutional level, not a programmatic level. All five metrics e college. For instance, a business school within a college may result in a very high percentage of students earning over $25,000 per year, whereas students obtaining social work, philosophy, or art degrees may have different outcomes.

Categories
paydayloan4less.com payday loans online same day deposit

Unused Pell Grant Money: Where Does It Go? (Refunds Explained)

Unused Pell Grant Money: Where Does It Go? (Refunds Explained)

The federal government has distributed Pell Grants to students in need for over 50 years, an alternative to private loans.

When students fill out the Free Application for Federal Student Aid (FAFSA), the Department of Education (DOE) determines the student’s eligibility for the program. Then, when the student is accepted into a postsecondary school, they receive a financial aid award letter informing them how much money they qualify for through the Pell Grant program.

Pell Grant awards are not based on other financial aid you qualify for. Some students receive more money than they need to cover tuition, living on campus, and other expenses.

Your school refunds the amount to you, but the Internal Revenue Service (IRS) may consider it taxable income in some circumstances.