tagged w/ Financial Aid
-
The unfolding bank solvency crisis and the attempts to prevent a systemic collapse have accelerated the debasement of the dollar. Its purchasing power is falling rapidly, and soon foreign investment in the dollar will also begin falling.The unfolding bank solvency crisis and the attempts to prevent a systemic collapse... more
-
-
The Federal Security Service of the Russian Federation (FSB) is reporting in the Kremlin today that the Bank of England has received from the United States Federal Reserve Bank a ‘notice’ that President Bush is preparing to declare an ‘Economic Emergency’ during the week of October 5th and will further announce that the American Presidential election due to be held on November 4th will be ‘indefinitely suspended’. The Federal Security Service of the Russian Federation (FSB) is reporting in the... more
-
-
This is one of the best articles I have found so far looking at the impact of the current crisis on student loans and available monies for students either in school or looking to start school soon. As a student myself, I take this crisis very seriously, and I think we all should, students and non-students alike. Plus, keep in mind that this article is already a week old, and look what has happened in the last week :(
From the article:
"It was an afternoon in May when Bill Spiers got the call. As financial aid director at Florida's Tallahassee Community College, he'd been expecting it for some time now. "Loan crisis goes to college," CNN blared. "Credit crisis hits students," The Boston Globe ran.
"Bill?" It was the local Chase representative on the line: "I have some bad news for you."
For months, like financial aid administrators around the country, Spiers had braced himself for the fallout of the sub-prime mortgage crisis, waiting for it to impact the student loan industry. "There was almost this level of panic," Spiers remembers. "People thinking, 'What's going to happen to us?'"
Now he had the beginning of an answer. Chase was cutting off federal loans to his school, refusing to lend its students money. In the weeks to come, Wells Fargo, Key Bank, SunTrust, and Citibank would all follow suit. "
Read the whole story at the link.This is one of the best articles I have found so far looking at the impact of the... more
-
-
Carrie Sturrock, Chronicle Staff Writer
Jason Scott, shown in his dormitory room at Stanford, hel... Students have their pictures pinned on their hometowns on...
Jason Scott had just finished his first year at Stanford and had nowhere to live.
Financial aid didn't cover the dorms for the summer. He had $50 in his wallet, and so until paychecks arrived from his on-campus summer jobs, he needed to be resourceful.
For two weeks, he lived in his Jeep parked around Stanford's grassy Oval, with its grand view of the campus' sandstone arcades. He showered in the gym. He ate peanut butter sandwiches.
During the day, he worked in the registrar's office microfilming Stanford students' applications, the contents of which justified a nagging sense that most of his classmates came from a different world. Some referenced exotic travel, unusual sports such as water polo, and boarding schools with names like Phillips Exeter Academy and St. Paul's School.
"Who are these people?" he remembers asking himself.
Stanford says it admits the brightest students regardless of their ability to pay. Yet only 12 percent of Stanford's 6,759 undergraduates receive Pell Grants, a yardstick used to measure how many low-income students such as Scott are enrolled. The number hasn't budged despite Stanford's generous financial aid incentives in recent years. At UC Berkeley, meanwhile, 31 percent of undergraduates get the federal grants that are typically awarded to students from families earning less than $40,000 a year.
Scott, now a senior, and his college friends who also grew up poor entered a new universe at Stanford. For the first time, they clearly understood the advantages of money - knowledge that shaped their Stanford experience.
As much as money matters, Scott said, it matters most before students ever try to enroll. Kids who grow up with money attend good high schools. They understand the importance of mastering the violin or excelling at soccer. They have SAT preparation and sometimes professional college application consultants. Those advantages help smooth the way at the most prestigious of the West Coast's major private universities. Carrie Sturrock, Chronicle Staff Writer
Jason Scott, shown in his dormitory room at... more
-
-
AROC
-
added this
-
4 years ago
- |
-
About 1/3 of current students will benefit from this new tuition program which seeks to make college more affordable for families earning less than 100,000, and room and board free for those who earn less than 60,000. I hope more universities start to do this by using their endowments and by fundraising instead of thinking to raise tuition costs on other students. For those of us with teens just now beginning to research schools it's good to know we may have more options to choose from.About 1/3 of current students will benefit from this new tuition program which seeks... more
-
-
"Harvard University announced on Monday that it would significantly increase the financial aid it offered to middle-class and upper-middle-class students, seeking to allay concerns that elite colleges are becoming too expensive for even relatively well-off families.
The move, to go into effect in the next school year, appears to make Harvards aid to students with household incomes from $120,000 to $180,000 the most generous of any of the countrys prestigious private universities. Harvard will generally charge such students 10 percent of their family household income per year, substantially subsidizing the annual cost of more than $45,600."
Um...why not just lower tuition?"Harvard University announced on Monday that it would significantly increase the... more
-
-
New federal legislation says universities must agree to provide not just deterrents but also "alternatives" to peer-to-peer piracy. The U.S. House of Representatives bill, which was introduced late Friday by top Democratic politicians, could give the movie and music industries a new revenue stream by pressuring schools into signing up for monthly subscription services such as Ruckus and Napster.
Whose interests are being served here?New federal legislation says universities must agree to provide not just deterrents... more
-
-
How much responsibility do colleges have for deterring peer-to-peer piracy on campus? Enough to jeopardize the financial aid assistance of all students if a bill introduced to the U.S. House of Representatives gets passed. The College Opportunity and Affordability Act of 2007 would require colleges to not only deter piracy on campus but also to engage in alternatives such as paying for monthly subscriptions to sites like Napster for every student.
According to the bill, if universities did not agree to test "technology-based deterrents to prevent such illegal activity," all of their students--even ones who don't own a computer--would lose federal financial aid.
The exact details of the piracy issue could get lost during voting as it is only one part of a 747-page proposal (pdf) to amend the Higher Education Act of 1965. It is apparently one aspect of a plan to make college more affordable; it just so happens that it will also benefit the movie and music industries with all those new subscriptions. The bill, which was introduced into the House by Democrats, will be voted on by the full committee next week.How much responsibility do colleges have for deterring peer-to-peer piracy on campus?... more
-
-
The State Press, Arizona State University's student newspaper, gives their opinion on the college student financial aid bill passed by Congress on Friday.The State Press, Arizona State University's student newspaper, gives their... more
-
-
khsing
-
added this
-
4 years ago
- |
