Home » Financial Aid, News, Scholarships, Student Loans

Department of Health and Human Services Releases Updated Poverty Guidelines

23 January 2014 16 views No Comment

The updated poverty guidelines, released Wednesday by the U.S. Department of Health and Human Services (HHS), reflect increases in the Consumer Price Index for All Urban Consumers (CPI-U) for 2014. The poverty guidelines are developed using the same data that is collected and used by the U.S. Census Bureau in preparing its poverty thresholds, or estimates of the number of individuals and families in poverty. These guidelines are used as financial eligibility criterion by many federal programs, including income-driven repayment plans such as Income-Based Repayment (IBR) and Pay As You Earn (PAYE).

Financial Aid News is sponsored in part by:

Leave a Reply

You must be logged in to post a comment.