“A 2015 budget plan narrowly approved by the House of Representatives late last week would impose major cuts on higher education, including a 10-year freeze on Pell grants and reduced funds for student loans,” Diverse Issues in Higher Ed reports.
“One common reason students go to college, or to some other form of education after high school, is to get training that will lead to a job. A good job—one that makes the training they got worth whatever money and time they spent and worth whatever debt they had to take on,” the Department of Education’s Homeroom reports.
“I was pleasantly surprised when New York Governor Andrew Cuomo’s office announced recently a plan to reinstate college tuition programs for incarcerated New Yorkers,” Bob Cowser, a professor at St. Lawrence University, writes in The Huffington Post‘s The Blog.
While current college calculators offer simple information, creating a more robust tool for students considering college options could allow the inclusion of important non-cost factors, according to a new report from California Competes. The report details California Compete’s effort to create the College Considerator to help students consider college options, including issues of affordability and intangible factors like the “life-enrichment value” of college.
“The U.S. Department of Education is forecast to generate $127 billion in profit over the next decade from lending to college students and their families, according to the Congressional Budget Office,” The Huffington Post reports.
When a low-income student “says that he has been ‘set up’ for community college, he’s saying that as a poor kid with good grades, there is no longer any social commitment to him. And he understands that this fiscal reality is not what was promised — that if he did well in high school, studied hard and made decent grades, he would get funding for college,” Adam Kirk Edgerton, director of TRIO Upward Bound, writes in The Huffington Post‘s The Blog.
“Gov. Bill Haslam’s signature proposal to create a program that would cover tuition at two-year colleges for any high school graduate is headed to his desk after passing the House on Tuesday,” the Associated Press reports.
“Moody’s, which rates more than 500 public and private nonprofit colleges and universities, downgraded an average of 28 institutions annually in the five years through 2013, more than double the average of 12 in the prior five-year period,” Bloomberg reports.
“The Lumina Foundation has made college attainment its primary focus. One major impediment to its ‘big goal’ of increasing ‘the proportion of Americans with high-quality college degrees, certificates, or other credentials to 60 percent by 2025′ is the cost of college,” The Chronicle of Higher Education reports.
Student loan payments based on earnings offer promise to students who need to borrow to finance education. But to be most effective, the current slew of income-driven repayment plans should be slimmed, panelists argued Monday at the Lumina Foundation’s Ideas Summit on New Models of Student Financial Support.
“Gov. Bill Haslam’s signature proposal to create a program that would cover tuition at two-year colleges for any high school graduate is a step closer to the governor’s desk,” the Associated Press reports.
“The U.S. Department of Education is planning to change how it evaluates the companies that manage the loan payments of the more than 26 million borrowers of federal direct student loans,” Inside Higher Ed reports.
“Historically black colleges and universities—or HBCUs—typically have lower-than-average graduation rates, which is not surprising given the large numbers of low-income, often academically underprepared students they serve. But demographics aren’t destiny,” the National Journal reports.
“If you thought mortgage-underwriting standards were lax right before the housing crisis, wait until you take a closer look at student loans,” Miguel Palacios and Andrew P. Kelly write in The Wall Street Journal.
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