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Keyword: tuition

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  • It’s not just athletes — college screws everyone

    04/14/2014 7:10:24 PM PDT · by SeekAndFind · 11 replies
    New York Post ^ | 04/14/2014 | Naomi Schaefer Riley
    In its recent ruling that athletes at Northwestern University have the right to unionize, the National Labor Relations Board cited the case of senior quarterback Kain Colter, who naively thought that he could pursue a pre-med degree while also playing on the school’s football team. When he attempted to enroll in a required chemistry class during his sophomore year, “Colter testified that his coaches and advisors discouraged him from taking the class because it conflicted with morning football practices. Colter consequently had to take this class in the summer session, which caused him to fall behind his classmates who were...
  • 5000 legal students in Florida to lose their tuition to illegals

    04/08/2014 9:57:34 AM PDT · by lowbridge · 15 replies
    My friend and fellow retired Army officer, Dr. Rich Swier, has posted some  interesting factoids about enabling the dreams of illegals over the aspirations  and dreams of Americans. Swier writes, “In a report released by  Federation for American Immigration Reform (FAIR) the impact of providing  College Tuition Subsidy for Illegal Aliens (HB851/SB1400, a.k.a. in-state  tuition) will be that approximately 5,000 legal students will be displaced in  Florida higher level institutions by illegal alien students.  These legislators  are unwilling to raise taxes for the additional illegal alien students by  expanding capacity so legal students will consequently be displaced.” This means  a lot...
  • Sexed-Up Extracurriculars

    04/02/2014 12:50:02 PM PDT · by Academiadotorg · 9 replies
    Accuracy in Academia ^ | April 2, 2014 | Malcolm A. Kline
    If you’ve seen the occasional stories on “sex weeks” at Yale and Harvard, you might be surprised to know that many colleges and universities officially devote more than seven days to the subject. “In reality, I suspect many parents have little sense of the extent to which their son’s or daughter’s university promotes this sexual ideology—it’s not the kind of information included in university admissions packets or fact sheets,” Mary Rice Hasson wrote in an article which appeared in the winter edition of The Family in America, published by the Howard Center for Family, Religion and Society. Hasson has done...
  • The Myth of Working Your Way Through College

    04/01/2014 7:22:48 PM PDT · by SeekAndFind · 79 replies
    The Atlantic ^ | 04/01/2014 | SVATI KIRSTEN NARULA
    A lot of Internet ink has been spilled over how lazy and entitled Millennials are, but when it comes to paying for a college education, work ethic isn't the limiting factor. The economic cards are stacked such that today’s average college student, without support from financial aid and family resources, would need to complete 48 hours of minimum-wage work a week to pay for his courses—a feat that would require superhuman endurance, or maybe a time machine. To take a close look at the tuition history of almost any institution of higher education in America is to confront an unfair...
  • A new way to gauge the worth of college debt, starting salary

    03/23/2014 4:35:07 PM PDT · by SeekAndFind · 43 replies
    Chicago Tribune ^ | 03/17/2014 | By Steve Rosen
    Here's a typical college scenario: Your daughter's dream job is to be an elementary school teacher and reading specialist. Yet she'll need to dive deep into debt to pursue her undergraduate degree, and borrow more if continuing to grad school. She's worried -- rightfully -- about her financial future, and she's looking for answers. How much debt might she be saddled with? How much will her college degree translate into salary once she lands a job? And what budget-squeezing sacrifices might be necessary to repay the swath of loans? Those types of questions are on the minds of countless college...
  • Judge rules against New Jersey teen suing parents for tuition support

    03/04/2014 3:33:43 PM PST · by SeekAndFind · 27 replies
    CBS News ^ | 03/04/2014
    MORRIS PLAINS, N.J. - A New Jersey couple does not have to pay for their 18-year-old daughter's college education, a judge ruled Tuesday, CBS New York reports. Judge Peter Bogaard denied Rachel Canning's request $600 a month in support, high school tuition back pay, college tuition and legal fees. But he said he would revisit the issue of college tuition at the end of April, about a month after her financial aid forms are due. Earlier her lawyer said the parents of the high school honor student should have sought help for their daughter rather than cutting her off financially...
  • New Jersey honor student sues parents for school fees after they cut her off at age 18

    03/04/2014 6:37:39 AM PST · by SeekAndFind · 66 replies
    New York Daily News ^ | 03/03/2014 | BY SASHA GOLDSTEIN
    An 18-year-old New Jersey honor student and cheerleader has been tossed from her parents’ Lincoln Park home, but demands that her mother and father continue to pay her private high school and impending college costs — as well as her mounting lawyer fees, according to her lawsuit. Rachel Canning claims she’s been out of her parents’ home since her 18th birthday, Nov. 1, after her parents vowed to cut her off “from all support both financially and emotionally.” But Sean and Elizabeth Canning say their “spoiled” college-bound daughter doesn’t live by their house rules and left the home because she...
  • Student Loans Are Ruining Your Life. Now They’re Ruining the Economy: Over One Trillion in Debt

    03/01/2014 6:51:40 PM PST · by SeekAndFind · 44 replies
    TIME ^ | 02/27/2014 | By Sam Frizell
    Chris Rong did everything right. A 23-year-old dentistry student in New York, Chris excelled at one of the country’s top high schools, breezed through college, and is now studying dentistry at one of the best dental schools in the nation. But it may be a long time before he sees any rewards. He’s moved back home with his parents in Bayside, Queens—an hour-and-a-half commute each way to class at the New York University’s College of Dentistry—and by the time he graduates in 2016, he’ll face $400,000 in student loans. “If the money weren’t a problem I would live on my...
  • Exploding student loan debt threatens the housing recovery. Here's why...

    02/21/2014 8:07:33 AM PST · by SeekAndFind · 45 replies
    Yahoo Finance ^ | 02/21/2014 | Bernice Napach
    It hasn't been a good week for the housing market. Sales of previously owned homes fell 5.1% in January -- the fifth drop in the past six months -- to a seasonally adjusted annual rate of 4.62 million, the lowest level in a year and a half. New home construction fell 16% in January compared to December -- the biggest percentage drop in almost three years -- and permits slipped by more than 5%. Homebuilders reported a 10-point decline in their confidence index for February to 46 -- below the key 50-point level which separates a growing market from a...
  • Going To College May Cost You, But So Will Skipping It

    02/12/2014 9:56:06 AM PST · by SeekAndFind · 20 replies
    NPR ^ | 02/12/2014 | Jennifer Ludden
    In America, total student loan debt tops $1 trillion and a four-year college degree can cost as much as a house — leaving many families wondering if college is really worth the cost.Yes, a new study of young people finds. The study, released Tuesday by the Pew Research Center, looks at income and unemployment among young adults. Paul Taylor, executive vice president of special projects at Pew, says it's pretty much case closed when it comes to the benefits of going to college."In a modern, knowledge-based economy, the only thing more expensive than going to college is not going to...
  • Chronicling Higher Education’s Disarray

    02/10/2014 8:04:32 AM PST · by Academiadotorg
    Accuracy in Academia ^ | February 7, 2014 | Malcolm A. Kline
    A look at the latest education news seems to show that academia’s left hand doesn’t know what its far left hand is doing. From the Chronicle of Higher Education we learn that “As students confront rising college costs and a labyrinthine financial-aid process, some are turning to crowdfunding websites like Go-FundMe to cover their expenses.” “While the approach is still novel and hardly widespread, financial-aid officials say, enthusiasm for online campaigns is very much a reflection of the times,” Libby Sander wrote in the Chronicle. “Students are frustrated with the aid process, eager to avoid student-loan debt, and worried over...
  • Is There a Monetary Story Behind the College Bubble?

    02/07/2014 5:29:22 AM PST · by SeekAndFind · 15 replies
    RCM ^ | 02/07/2014 | By Jeffrey Snider
    It is hard to know exactly how to interpret the plight of the modern college student. The term "lost generation" isn't exactly original, having been used to describe grads during the three "jobless" recoveries of the interest rate targeting age, but the current predicament is much more dire and unrelenting. At least the graduate population after the dot-com recession had a housing bubble to look forward to, as the current iteration of asset inflation holds little such "hope." The labor force participation rate for those people 25 years and older with a Bachelor's degree peaked around 1995 at 81%. After...
  • Pay for College Like a Car

    02/06/2014 7:32:35 AM PST · by SeekAndFind · 29 replies
    Yahoo News via Daily Beast ^ | 02/06/2014 | Ben Jacobs
    Elizabeth Warren wants paying for college to be like paying for a car. No, she doesn’t want mandatory airbags in colleges or Presidents’ Day sales on tuition. Instead, the senator from Massachusetts wants students to be able to refinance federal student loans. Unlike a loan to pay for a house, a vehicle, or just about anything else your heart desires, you can’t refinance a student loan. The result is that student loans have become a rare way for the federal government to generate revenue, making $66 billion in profits off them between 2007-2012. Warren told The Daily Beast that she...
  • More States Grant In-State Tuition to Immigrants

    02/03/2014 12:52:06 PM PST · by ZULU · 23 replies
    Breitbart News ^ | February 3, 2014 | Breitbart News
    Florida, Indiana, Massachusetts, Missouri, Mississippi, New Hampshire and Virginia have bills under consideration that would extend the in-state benefit, said Tanya Broder, a senior attorney with the National Immigration Law Center.
  • The $700 million Disney-style campus complete with an ice cream truck, a movie theatre and Skee ball

    01/10/2014 11:06:56 AM PST · by C19fan · 6 replies
    UK Daily Mail ^ | January 10, 2014 | Sara Malm
    igher education reminds many of gruelling hours in the library, re-heating Pot Noodles and grubby student pubs. Additional culinary adventures are determined by what can be found in the supermarket’s reduced section rather than by what you fancy for dinner. However, the students at High Point University are having a rather different experience. The campus, located in High Point, North Carolina, has more resemblance to a theme park than a traditional university, and boasts amenities you are more likely to find at a high-end hotel than at a school. Aside from the jaw-dropping buildings, a result of more than $700million...
  • No, the 'College Bubble' Isn't Popping

    01/10/2014 4:57:23 AM PST · by SeekAndFind · 27 replies
    The Atlantic ^ | 01/10/2014 | JORDAN WEISSMANN
    When newspaper editors are in the mood to run a good old-fashioned screed about the collapsing value of college, they inevitably turn to Richard Vedder, an Ohio University economist who runs the Center for College Affordability and Productivity. Vedder likes to argue that the financial return on a B.A. is falling, graduates are chronically underemployed, and that our profligate universities are in for a reckoning once everyone wises up and stops throwing their money away. (For what it's worth, I tend to disagree). Today Vedder and one of his students, Christopher Denhart, have upped the ante a bit for The...
  • Colleges Trim Staffing Bloat - Amid Tuition Backlash, Cuts in Subsidies, Schools Target Efficiencies

    12/26/2013 1:12:53 PM PST · by abb · 12 replies
    The Wall Street Journal ^ | December 25, 2013 | Douglas Belkin
    After years of cuts in state subsidies and growing resistance to rising tuition, U.S. colleges and universities are starting to unwind decades of administrative bloat and back-office waste that helped push up costs and tuition. The State University of New York system shaved $48 million in the past two years by cutting unused software licenses and consolidating senior administrators. The University of California, Berkeley, cut $70 million since 2011 by centralizing purchasing and laying off a layer of middle managers, among other things. And the University of Kansas revamped its back-office operations to save about $5 million in 2013. One...
  • Immigrant students seek Georgia’s in-state tuition rates

    12/07/2013 7:10:30 PM PST · by 2ndDivisionVet · 20 replies
    The Marietta Daily Journal ^ | December 6, 2013 | Kate Brumback
    DECATUR — A judge said Thursday that he needs more information and time to decide the case of a group of young people who were brought to the U.S. illegally as children and want the Georgia university system to grant them in-state tuition. The roughly three dozen young immigrants have been granted temporary permission to stay in the U.S. under an Obama administration policy introduced last year. They filed a lawsuit in August asking a judge to instruct the university system’s Board of Regents to allow them to qualify for in-state tuition. At a hearing Thursday, DeKalb County Superior Court...
  • Do Pell Grants Raise Tuition?

    10/23/2013 8:26:39 AM PDT · by Academiadotorg · 25 replies
    Accuracy in Academia ^ | October 22, 2013 | Malcolm A. Kline
    Academics tend to circle the wagons when you suggest that Pell grant increases lead to tuition hikes. “There has been research on this that shows that Pell grants have not led to higher tuition,” Judith Scott-Clayton, of Columbia alleged in a forum at the National Press Club Monday. Scott-Clayton is an assistant professor of economics and education at Teacher’s College at Columbia. She spoke at a forum sponsored by the Hamilton Project at the Brookings Institution. On the same panel, Gail Mellow, president of LaGuardia Community College, claimed that, “One of the reasons tuition keeps going up has been a...
  • America's REAL Most Expensive Colleges

    09/22/2013 7:26:14 AM PDT · by SeekAndFind · 4 replies
    Business Insider ^ | 09/20/2013 | Peter Jacobs
    It's common knowledge that college costs are on the rise. But you may be surprised to know that some schools currently charge over $60,000 to educate a student for just one year. A list recently released by the Department of Education charts the highest tuition in the country. Unfortunately, the tuition numbers used in the rankings are two years old, and fail to show the contemporary college landscape. The list also ignores the total cost of an education. Most four-year residential colleges will tack on an extra ten grand or more for room, board, and a wide range of other...
  • Kids, go to college or you’ll die alone in misery

    09/15/2013 6:42:22 PM PDT · by 2ndDivisionVet · 38 replies
    The Matt Walsh Blog ^ | August 23, 2013 | Matt Walsh
    Every time I write or speak about college, I tend to upset many parents and other decent, educated people. They are righteously offended at the mere suggestion that college isn’t necessarily the only way to go. Angry mothers email to tell me that my “anti-college” message is polluting the minds of their children. They don’t want their kids to skip college and become hobos and drug addicts. This is understandable. I should know — I’m one of those malcontents who decided not to get a four year degree. And what a tragedy my life has been ever since I made...
  • College Tuition And House Prices Climbing Fast (Case-Shiller House Price Index Up 0.89% In June)

    08/27/2013 6:33:42 AM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 08/27/2013 | Anthony B. Sanders
    The S&P Case-Shiller repeat sales house price index for 20 metro areas rose 0.89% in June, and rose 12.07% YoY. Now THAT is a big increase in house prices! cshp082713 House prices are back to October 2008 levels. cschart082713 But Case-Shiller was no surprise if you follow CoreLogic’s Loan Performance HPI that came out earlier. Atlanta was the leader on major metro areas in June. csloanhp082713 And Washington DC is the worst performing major metro (but still up 1% in June). csmetro082713 csmetro2082713 House prices continue to rise despite flat-lined mortgage purchase applications. cs20mbap082713 Inflation in college tuition is rivaling...
  • Richard Vedder: The Real Reason College Costs So Much

    08/25/2013 7:37:58 AM PDT · by SeekAndFind · 15 replies
    Wall Street Journal ^ | 08/24/2013 | By ALLYSIA FINLEY
    Another school year beckons, which means it's time for President Obama to go on another college retreat. "He loves college tours," says Ohio University's Richard Vedder, who directs the Center for College Affordability and Productivity. "Colleges are an escape from reality. Believe me, I've lived in one for half a century. It's like living in Disneyland. They're these little isolated enclaves of nonreality." Mr. Vedder, age 72, has taught college economics since 1965 and published papers on the likes of Scandinavian migration, racial disparities in unemployment and tax reform. Over the last decade he's made himself America's foremost expert on...
  • Pro-Bradley Manning Hecklers Interrupt Obama Speech

    08/23/2013 12:05:00 PM PDT · by 2ndDivisionVet · 22 replies
    ABC News' The Note ^ | August 22, 2013 | Mary Bruce and Arlette Saenz
    SYRACUSE, N.Y. — While making the pitch on his new college affordability plan for a second time, President Obama was interrupted by pro-Bradley Manning hecklers at Henninger High School in Syracuse, N.Y., Thursday evening. Two women holding a giant “Free Bradley Manning” sign yelled at the president in the middle of his speech. It was unclear what the women were saying, but they were escorted out of the gymnasium to applause from the crowd. When the women started shouting, the president said, “I hear you,” and tried to calm down the crowd. After the two women left, Obama called the...
  • No Debt Help for Students' Parents in Loan Crisis

    08/23/2013 7:52:30 AM PDT · by William Tell 2 · 15 replies
    MainStreet.com ^ | 8-23-13 | Michael P. Tremoglie
    NEW YORK (MainStreet)—The government is providing assistance for student debtors in creating default avoidance plans for them. But what about the parents who borrowed money through the PLUS program? What options have they? Not many it seems.
  • Rangel: ‘No reason why a young person should have to pay for college education’ [VIDEO]

    08/22/2013 8:25:32 PM PDT · by 2ndDivisionVet · 48 replies
    The Daily Caller ^ | August 22, 2013 | Jeff Poor
    On Martin Bashir’s Thursday MSNBC program, New York Democratic Rep. Charles Rangel said that no students should have to pay for college. Rangel was reacting to President Barack Obama’s higher education proposal rollout that would put in place requirements for students and institutions to receive federal financial aid assistance. Rangel explained to fill-in host Joy Reid that he support Obama’s plan, particularly the accountability components. “I think it’s exciting, and certainly it’s going to bring in accountability,” he said. “You know, we have universities scattered all over the world. Sometimes you think that tuition means nothing to a large group...
  • President Obama seeks to shame colleges for rising tuition costs (& poor results)

    08/22/2013 4:59:11 PM PDT · by Libloather · 14 replies
    The Hill ^ | 8/22/13 | Justin Sink
    President Obama unveiled a new plan Thursday designed to shame colleges and universities over rapidly escalating tuition costs, warning the nation is facing "a crisis in terms of college affordability and student debt." At a series of events across New York state, the president touted his order to the Department of Education to create a new ranking system that grades universities on their value to students, providing applicants with a clearer idea of which schools give students the best bang for their buck. He also proposed tying federal aid to the rating system, arguing that the federal government should not...
  • Here's Obama's Ambitious New College Ratings Plan To Make College Cheaper

    08/22/2013 7:06:25 AM PDT · by SeekAndFind · 57 replies
    Business Insider ^ | 08/22/2013 | BRETT LOGIURATO
    President Barack Obama on Thursday will unveil a broad plan to lower the cost of college, the highlight of which involves a new ratings system that ties the federal government's allocation of financial aid to the ratings system. Obama's plan would instruct the Department of Education to rank colleges with their peers, according to new measures that evaluates their success and affordability. Some of these measures, according to the White House, include the following: * Access, such as percentage of students receiving Pell grants; * Affordability, such as average tuition, scholarships, and loan debt; and * Outcomes, such as graduation...
  • The College Degree Scam

    07/31/2013 7:46:21 AM PDT · by SeekAndFind · 76 replies
    American Thinker ^ | 07/31/2013 | Carole Hornsby Haynes
    For years we've heard the propaganda line that everyone needs to go to college -- that a degree will improve your status and standard of living. It has become politically incorrect to even suggest that a higher education degree might not be right for every young American. So it's not surprising that those without a college degree often feel inferior and marginalized. Has a college degree become the litmus test for whether a person is well educated and successful? These highly successfully individuals would likely disagree with that premise. Michael Dell, Mark Zuckerberg, Bill Gates, Larry Ellison, Steve Jobs, Richard...
  • Your Nosebleed Student Loan Debt Pays The Tuition Of The Classmate Next To You

    07/28/2013 1:01:49 PM PDT · by SeekAndFind · 55 replies
    Forbes ^ | 07/27/2013 | Prof. Mark Hendrickson
    Last year I wrote about some of the myths surrounding higher education in the U.S. You also have to beware of colleges acting to redistribute wealth. Following is an anecdote with which I am intimately acquainted: In the mid-‘90s, there was a family (a white family which you will see is a significant detail) whose daughter had a sterling high school record that guaranteed her acceptance at all but the very top colleges in the country. This girl had everything—a nearly perfect grade point average and strong SAT scores, leadership and citizenship awards, three MVP awards in two different sports,...
  • Loans Organized Crime Might Envy, Part 2

    07/23/2013 11:06:56 AM PDT · by William Tell 2 · 3 replies
    MainStreet.com ^ | 7-23-13 | Michael P. Tremoglie
    NEW YORK (MainStreet) — As we said in Part 1, the terms for lending money to college students for their tuition are such that they would make loan sharks green with envy. One aspect of these loansthat make them very attractive to private lenders is the near impossibility of them being discharged in bankruptcy. "They are almost guaranteed to be collected, so it is easy to sell the notes," said Barmak Nassirian, formerly an official with the American Association of Collegiate Registrars and Admissions Officers. [Read: Avoid Popular Stocks like the Devil] More bluntly, Clare Law, a certified educational planner,...
  • An Education in Debt (Nearly 37 Mill. Americans owe roughly $1 trillion total in student-loan debt)

    07/19/2013 12:43:43 PM PDT · by SeekAndFind · 20 replies
    Townhall ^ | 07/10/2013 | Tom Purcell
    I don't understand what they are thinking. I speak of the nearly 37 million Americans who owe roughly $1 trillion total in student-loan debt — most of it FEDERAL student-loan debt. And that's for loans taken out before the interest rate on new, federally subsidized student loans doubled a little over a week ago. The numbers are staggering. According to the informational nonprofit American Student Assistance, the average student-loan balance stands at around $24,300. A rough breakdown shows that: • 4.175 million borrowers owe more than $28,000. • 1.67 million borrowers owe more than $54,000. • 501,000 borrowers owe more...
  • Loans Organized Crime Might Envy

    07/18/2013 7:10:13 AM PDT · by William Tell 2 · 3 replies
    MainStreet.com ^ | 7-17-13 | Michael P. Tremoglie
    NEW YORK (MainStreet)—It is an arrangement that organized crime might envy - the lending of money with less concern about the ability to repay than is normally required for other loans, yet an almost absolute certainty that the debt will be repaid. Sounds too good to be true? Maybe, but it...
  • Student Loan Debt: Now For The Really Bad News

    07/08/2013 5:04:31 AM PDT · by SeekAndFind · 10 replies
    Forbes ^ | 07/08/2013 | John Tamny
    At this point readers are well aware of the numbers behind student loan debt. As the cost of a college degree has risen, total debt has soared; $1 trillion the latest number. $1 trillion has predictably led to a lot of hand wringing, but as University of Georgia economics professor Jeffrey Dorfman has soberly noted, the median student loan debt balance is a mere $13,000. In short, for most graduating college students the manageable number is worth the door-opening credential that is a college degree. As for those individuals with debt that well exceeds $13,000, Dorfman points out that many...
  • Wisconsin private schools gear up for voucher program

    07/08/2013 1:43:27 AM PDT · by afraidfortherepublic · 2 replies
    Milwaukee Journal Sentinel ^ | 7-6-13 | Erin Richards
    On the heels of Gov. Scott Walker signing into law the 2013-'15 state budget — and the provision for a statewide private-school voucher program — private schools are mobilizing to participate and meet a rapidly approaching set of deadlines. Details about how the program will work are still being finalized at the state level, but many private schools have launched marketing campaigns and scheduled information sessions to attract local families, readying them for a quick sign-up window in August. Meanwhile, some private schools are experiencing a new world of prickly community relations, a side effect of a controversial program that...
  • Oregon Lawmakers Pioneer Tuition-Free 'Pay it Forward, Pay it Back' College Plan

    07/05/2013 8:02:02 AM PDT · by Kid Shelleen · 40 replies
    ABC News ^ | 07/05/2013 | SUSANNA KIM
    The Oregon state legislature unanimously approved a plan to provide free tuition to students while they attend community college and public university. In return, they'll pay back the state with a percentage of their incomes after graduation. Called "Pay it Forward, Pay it Back," the plan passed unanimously in Oregon's Senate on Monday and in the House the previous week. The state's Higher Education Coordinating Commission will next develop a pilot program and in 2015 lawmakers will decide whether to implement the program.
  • Should Colleges Charge Engineering Majors More Than English Majors?

    07/05/2013 7:45:17 AM PDT · by SeekAndFind · 80 replies
    The Atlantic ^ | 07/05/2013 | Jordan Weissman
    Classes in engineering and the sciences eat up a disproportionate portion of college resources. But schools that charge students a premium to study them might be making mistake. Imagine opening a restaurant menu and finding that every dish, from the steak frites to frisse salad, costs $14.99. It would seem odd, right? After all, buying and cooking a ribeye is more expensive than throwing some lettuce in a bowl. Charging the same for each wouldn't make sense. Yet, that's pretty much how most colleges price their majors. Undergrads pay the same flat rate per credit no matter what they study,...
  • Interest rates on federally subsidized college student loans officially double

    07/02/2013 7:56:33 AM PDT · by SeekAndFind · 18 replies
    Hotair ^ | 07/02/2013 | Erika Johnsen
    In the summer heat of the election last year, Congress passed a one-year extension on keeping the interest rate for federally subsidized Stafford loans for college students at the artificially low rate of 3.4 percent — and the sand finally ran out on that temporary stopgap today, hiking the rate up to 6.8 percent. Republicans have been proposing to link students loan rates to the freer financial-market benchmarks instead of allowing Congress to arbitrarily determine what they deem to be an appropriate rate, while Democrats are looking to keep the interests rates as low as they in their infinite wisdom...
  • What's Really 'Immoral' About Student Loans

    07/01/2013 5:26:01 AM PDT · by SeekAndFind · 33 replies
    Wall Street Journal ^ | 06/29/2013 | GLENN HARLAN REYNOLDS
    Unless Congress acts, interest rates for government subsidized student loans will double to 6.8% from 3.4% on July 1. In May, House Republicans passed a bill that would index rates on new loans to the rate on 10-year Treasurys (currently about 2.6%), plus 2.5 percentage points, with an 8.5% cap. But with little Democratic support in the Senate, that bill is dead in the water. Most Democrats want to lock the current 3.4% rate in place for two more years while Congress debates a "fairer" solution. Massachusetts Sen. Elizabeth Warren has even proposed letting students borrow directly from the government...
  • The Shackles of a College Diploma

    06/28/2013 9:48:51 AM PDT · by SeekAndFind · 12 replies
    Townhall ^ | 06/28/2013 | Brett Bogus
    In the face of staunchly high unemployment and the prospect of long term job scarcity, one of the most common solutions is to increase your skill set or pick up a new one; to go back to school. Throughout most of the last half of the last century, we've had it hammered into us and into our children that we need to attend higher education in order to achieve more profitable employment. According to the 2000 Census, people with a high school diploma averaged a little less than two thousand dollars a month while people with a bachelor's earned almost...
  • In-State Tuition for Illegal Immigrants?

    06/28/2013 9:19:19 AM PDT · by LD Jackson · 2 replies
    Political Realities ^ | 06/28/13 | Charles M. Phipps
    An unsigned opinion piece in The Oklahoman favors allowing illegal immigrants to attend college in Oklahoma at in-state tuition rates. The editorial refers to them five times as 'undocumented' but that is just a euphemism for illegal, which is what they are. The editorial takes the position that children "whose parents brought them into the United States illegally shouldn't bear the legal or financial burden of that decision." Also from the editorial: "Fewer than 500 undocumented students attend Oklahoma's public colleges and universities. Not surprisingly, the school with the highest number of these students is Oklahoma City Community College, with...
  • The student loan debt perfect storm

    06/28/2013 8:20:21 AM PDT · by SeekAndFind · 26 replies
    POLITICO ^ | 06/28/2013 | ROGER W. FERGUSON JR. and DEBRA W. STEWART
    With Congress and the Obama administration focused on Monday’s deadline to prevent student loan interest rates from doubling, it is an apt time to examine the larger consequences of America’s staggering student loan debt load. Even as mortgage, credit card and other consumer debt levels have decreased, today’s students carry unprecedented — and growing — debt burdens. With outstanding student loan debt in the first quarter of 2013 totaling a record $986 billion, the impact on individuals is disturbing. But add to that the fact that this debt load threatens the nation’s very ability to compete in the global economy,...
  • College Debts Prevent Graduates From Buying Houses

    06/25/2013 1:04:24 PM PDT · by SeekAndFind · 33 replies
    Education News ^ | 06/25/2013
    The housing market has been dealt a further setback, as it is revealed that student debt is stifling the ability of graduates to get mortgages. As the country’s total college debt passed the $1 trillion mark and overtook the total credit-card debt for the first time, the repercussions are being felt in the housing market, as first-time homebuyers are limited in their options when it comes to taking out mortgages.Recent college graduates carry an average debt load of more than $25,000, limiting their ability to qualify for mortgages even if they’re able to land a job in a market...
  • EASY CREDIT IS INFLATING A MASSIVE STUDENT-LOAN BUBBLE

    06/22/2013 1:40:12 PM PDT · by SeekAndFind · 14 replies
    Human Events ^ | 06/21/2013 | Steven Greenhut
    Americans are still talking about the recently deflated housing bubble, but there’s a new bubble in town. It’s the student loan bubble and when this one pops, it might dwarf the wreckage we’ve witnessed in the real-estate markets. In the latest news, the Federal Reserve’s Board of Governors warned that soaring student-loan debt has “parallels to the housing crisis,” according to a May report in Bloomberg. As with housing, free-flowing cash will lead to widespread default. Of course, it’s easier to repossess a tract house than to take back a potentially worthless degree. Federal Reserve Chairman Ben Bernanke dismissed these...
  • Duke Grad Student Secretly Lived In a Van to Escape Loan Debt

    06/12/2013 3:46:33 AM PDT · by lowbridge · 38 replies
    yahoo/business insider ^ | june 10, 2013 | Mandi Woodruff
    By the time Ken Ilgunas was wrapping up his last year of undergraduate studies at the University of Buffalo in 2005, he had no idea what kind of debt hole he'd dug himself into. He had majored in the least marketable fields of study possible — English and History — and had zero job prospects after getting turned down for no fewer than 25 paid internships. "That was a wake-up call," he told Business Insider. "I had this huge $32,000 student debt and at the time I was pushing carts at Home Depot, making $8 an hour. I was just...
  • The Education Bubble Has Burst: Students and Parents already know it, only Government Doesn't

    06/11/2013 7:24:36 AM PDT · by SeekAndFind · 28 replies
    American Thinker ^ | 06/11/2013 | Frank Ryan
    The student loan debate in Congress is bringing to the forefront the student loan crisis plaguing our nation, as well as the financial instability of academic institutions in the United States. Relative to the student loan crisis, the New York Federal Reserve concluded in its 2012 report that the obligations for student loans total approximately $1 trillion, or approximately $25,000 per graduate. The report notes that there are over 15 million borrowers under the age of 30, while the total number of borrowers is almost 39,000,000. The delinquency rates on the loans range between 10% to 20% for the various...
  • Kim Jong-un and college presidents; one eats Kimchi, the other eats caviar, but both cry wolf

    06/07/2013 8:58:59 AM PDT · by Oldpuppymax · 4 replies
    Coach is Right ^ | 6/7/13 | Emma Karlin
    American colleges and universities are so flushed with cash that among the top ten schools in terms of the ratio between their endowment money and enrolled students are three schools most of us have never heard of. Colleges are businesses and will grab money from wherever they can. For decades they have worked hand in hand with Congress, (mostly Democrats) to raise tuition and fees knowing student loan money would keep coming from the US Treasury. College presidents have become experts in whining about not having enough money no matter how much they have. They NEVER lower tuitions and fees...
  • Let's start telling young people the truth about college and jobs

    05/31/2013 7:24:55 AM PDT · by SeekAndFind · 20 replies
    American Thinker ^ | 05/31/2013 | Silvio Canto, Jr.
    A year ago, I came across Aaron Clarey's "Worthless", a book that brings you down to earth about the value of a college degree in today's marketplace. I'd definitely recommend Aaron's book to parents & high school students. It will make you think about the huge investment that you are about to make by starting college. Young people today are finding a tough marketplace, i.e. the GDP is still weak. We can blame the slow economy for the tough jobs outlook. However, the changes are more profound and will continue until we finally can enjoy a recovery. As Thomas Friedman...
  • Your Guide to the Looming Battle over Student Loans

    05/31/2013 7:09:11 AM PDT · by SeekAndFind · 13 replies
    Fiscal Times ^ | 05/31/2013 | By BRIANNA EHLEY
    Congress has one month to reach an agreement before interest rates on new federally subsidized student loans double to 6.8 percent. For once, both Democrats and Republicans see the increase as a problem that needs to be solved. As expected, though, they have very different solutions, each with their own benefits and shortcomings. President Obama emphasizes the importance of college affordability, but a Fidelity Investments survey shows that new graduates are getting stuck with $32,000 in debt — a staggering sum even before interest costs are included. House Republicans want manageable interest rates, but they also want to trim the...
  • Overdue student college loans hit an all-time high as Obama prepares to hype low rates

    05/30/2013 7:53:04 AM PDT · by SeekAndFind · 18 replies
    Hotair ^ | 05/30/2013 | Erika Johnsen
    On Friday, President Obama will once more revive one of his ol’ campaign-favorite memes and remind college-age and younger voters of what it is exactly the Democrats can do for them — besides, you know, engendering a sluggish economy with a youth unemployment rate of sixteen percent, but I digress. On the campaign trail last summer, the president spoke to younger crowds about preventing the interest rate on federally subsidized Stafford loans from doubling to 6.8 percent as a way of boosting the economy, and Congress sent up a one-year extension of of the 3.4 percent rate for him to...