“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.
The Department of Education (ED) has announced enrollment reporting requirements in Dear Colleague Letter GEN-14-07, posted Monday, April 14. Institutions must report academic program-level information within more frequent timelines to the National Stu…
“One of the most common mistakes parents make … is deciding not to save any money at all for their child’s education out of concern that it might impact their ability to get financial aid in the future. ‘If you can choose to save, don’t not do it bec…
“A report published Thursday on how American families save for college shows that, in general, families appear to be recovering from the economic crisis and saving for their children’s college education. But the bulk of those numbers come from high- and middle-income families, as two-thirds of low-income families are not saving for college at all,” according to U.S. News & World Report.
“U.S. Sen. Elizabeth Warren announced on Saturday that she will introduce legislation that would allow existing student-loan borrowers to refinance their debt at interest rates offered to new borrowers in the federal student-loan program,” The Chronicle of Higher Education reports.
“Oregon students with disabilities who’ve earned modified high school diplomas were declared eligible for federal financial aid this week, reversing an earlier ruling that blocked aid for more than 1,700 recent Oregon high school graduates, Oregon House Education Chairwoman Sara Gelser announced Thursday,” according to The Oregonian.
“You’ve been setting aside college money in a 529 savings plan since your kids started losing their baby teeth. In fact, you’ve overachieved — all the tuition bills have now been paid and there’s money left over. Wouldn’t it be nice to shift the remaining bucks to your Roth retirement plan without being penalized by Uncle Sam? A bill introduced last month in Congress aims to make that conversion decision easier — or at least less costly,” The Kansas City Star reports.
“St. Petersburg College, formerly St. Petersburg Junior College, [is] one of an increasing number of community colleges around the country that have started offering four-year bachelor’s degrees in fields for which there is high job demand,” according to The Hechinger Report.
“‘It’s too long.’ ‘I don’t need it.’ ‘Isn’t it too late?’ Seniors at Alexandria’s T.C. Williams High School offered such reasoning this week to explain why they had not filled out the Free Application for Federal Student Aid,” The Washington Post reports.
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