Rachelle Feldman

For the first time, undocumented students throughout the UC system can receive financial aid, as the university officially announced Thursday an initial $5 million in funding for the California DREAM Loan Program.

The White House announced changes to the Free Application For Federal Student Aid on Sunday in an attempt to make the application process faster and simpler.

When James Grisom lost his scholarship and was told he needed to pay back $11,000 of overpaid aid, he had no choice but to quit playing football.

Disbursal of a new scholarship to California public university students from middle-class families will be delayed after the legislature made changes to the scholarship’s eligibility requirements last month.

This week, U.S. Department of Education is reprocessing thousands of federal financial aid applications for students, including some from UC Berkeley, who accidentally misreported their income.

After receiving specific information regarding the allocation of UC President Janet Napolitano’s $5 million initiative to aid undocumented students, campus administrators are developing a plan to divide up funds between programs and financial aid for undocumented undergraduates by the end of February 2014.

President Barack Obama signed a bipartisan bill to reform the federal government's student loan system Friday afternoon, following the expiration of subsidies on some loans July 1 and a resulting month-long legislative battle in Congress.

After weeks of stalemate in Congress, the subsidy on Stafford subsidized student loans will expire on Monday, potentially saddling students around the country with unanticipated future debt.