Submitted by Kevin Kiley on August 30, 2012 - 3:00am
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Long Island U. is latest college to face budget problems after overspending on financial aid, a reflection of how the affordability crisis is squeezing institutions.
As part of larger Gates Foundation effort, new panel aims to reimagine federal aid design and delivery to improve student outcomes. The effort is stoking suspicions.
Data from the New York Fed show student borrowers are increasingly over 40, including some still paying back their own loans while borrowing for their children's education.
Iowa proposal to eliminate use of tuition dollars for financial aid raises questions about who should shoulder the burden of financial aid and who decides how aid gets doled out.
Wesleyan University is moving away from need-blind admissions, saying that keeping the policy would require too much money and impose too much debt on some students.
Submitted by Mitch Smith on April 27, 2012 - 3:00am
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KeyBank, an outlier in the lending industry, for years required the co-signing parent of one dead student to make payments on $50,000 of debt. The bank acquiesced after an online petition went viral.
High school dropouts used to be able to qualify for federal grants and loans based on a basic skills test. That ends in July, and community colleges are worried about what will happen to these students.
Submitted by Kevin Kiley on March 1, 2012 - 3:00am
Smart Title:
Mount Holyoke joins a short -- but longer than usual -- list of colleges to freeze tuition. Moves could signal awareness of a limit to families' willingness to pay high sticker prices.
Proposals in Arizona and two other states show a reluctance to subsidize the higher education of others, and question a longstanding practice of using aid to improve access.
