Tags: US | Financial Aid Experiment

Feds to Test Financial Aid for Unorthodox College Programs

Feds to Test Financial Aid for Unorthodox College Programs

(Stock Photo Secrets)

Tuesday, 16 August 2016 01:02 PM

The U.S. Education Department says it will start offering financial aid for some nontraditional college programs that are jointly offered by universities and outside companies.

Federal law previously prohibited financial aid for programs in which at least half of the instruction came from ineligible groups outside the school, but the Education Department has chosen eight programs that will qualify for financial aid in an experiment meant to help low-income students.

Up to $5 million will be offered to students in the first year of the pilot. Programs include coding boot camps and a bachelor's degree in manufacturing offered by General Electric and Boston's Northeastern University.

Federal education officials say that more working adults are seeking college degrees to pursue better jobs, and that the industry must evolve to help them.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
StreetTalk
The U.S. Education Department says it will start offering financial aid for some nontraditional college programs that are jointly offered by universities and outside companies.
US, Financial Aid Experiment
130
2016-02-16
Tuesday, 16 August 2016 01:02 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved