Facing financial constraints and public pressure over students’ debt, some colleges move away from need-blind admissions -- which are often costly to the institution and students -- in favor of reducing "gapping."
New paper finds that admissions and financial aid policies play a larger role than tuition prices do in driving student debt.
Grinnell College, one of the wealthiest liberal arts colleges, says its current financial aid policy is unsustainable, raising questions for other need-blind institutions.
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.
Rising concern about student debt has reignited debates about standardizing financial aid award letters.
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.
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.
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