tagged w/ College Tuition
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If you are one of the nation's college graduates living with your parents, shackled with student loans -- between $20,000 and $80,000 --, and you're scare because you can't find a job in the poor economic climate.
Cheer up. It could be worse.
If you are one of the nation's college graduates living with your parents, shackled with student loans -- between $20,000 and $80,000 --, and you're not worried because you're banking on all of it to just go away. Run!
Fly away and disappear, because your student loans won't.
Mark Jesperson has $350,000 in student loans, and he must pay it all back.
The Eighth US Circuity Court of Appeals has ruled that he will have to pay back every cent.
Student loans are incredibly difficult to discharge, even if you're debt load is "shockingly immense". This is because a borrower must show "undue hardship", a higher burden than required to successfully declare bankruptcy for most consumer debt.
"The system's set up as such that most people -- people like myself -- cannot complete a professional degree without the help of student loans," said Mark Jesperson. "There's no starting over me....this is it."If you are one of the nation's college graduates living with your parents, shackled... more
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Planning Strategies for College
The cost of a college degree continues to trend upward, year after year. As a result, prospective students who have not done adequate college planning are behind the 8 ball out of the gate.
However, the benefit of a college education can not be understated. According to the U.S. Census Bureau, in the year 2007, the average male college graduate, aged 25-34, earned close to 60 percent more than the average male who completed only high school or had a General Education Development (GED) certificate. Among women the same age, college graduates earned almost 80 percent more than non-graduates!Planning Strategies for College
The cost of a college degree continues to trend... more
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Most high school seniors and their families have not made final college plans for next fall. But they know this: It's probably going to cost more than they had planned.
Even in good economic times, states and colleges have largely failed to hold tuition increases in line with inflation. Now as the slumping economy forces states to slash spending, students can expect the sharpest increases in years.
Families are calling on colleges to absorb as much of the burden as possible instead of passing the extra costs on to students.
"In my business, my customers are asking me for price concessions," said John Schock of Raleigh, N.C., who works in sales for a company in the automotive industry and whose son is looking at colleges. He said colleges "have an obligation as well."Most high school seniors and their families have not made final college plans for next... more
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A new law school opening next fall in Southern California is offering a big incentive to top students who might be thinking twice about the cost of a legal education during the recession: free tuition for three years.
Read and discuss...A new law school opening next fall in Southern California is offering a big incentive... more
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Zach Hall is a government major at the University of Texas, but in his senior year, he is also learning about finance -- the hard way.
I am looking at graduating with $27,000, almost $30,000, in student debt, and my parents make $90,000 a year," Hall said. "To me, that is unbelievable, and I blame that, in part, on the tuition increases."
According to a new report by the National Center for Public Policy and Higher Education, college tuition and fees have increased 439 percent since 1982, almost three times higher than the increase in family incomes.
The biennial report found that even after financial aid, a four-year public college cost 28 percent of the median family's income last year; a four-year private school cost a staggering 76 percent.
"If we continue the trend ... we would be looking at a system of higher education that is just not affordable for the middle class," said Patrick Callan, president of the National Center for Public Policy and Higher Education.Zach Hall is a government major at the University of Texas, but in his senior year, he... more
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BuddyP
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added this
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12 months ago
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As a witness to the impending debt of higher education this comes as no surprise to me. The question is - what is the Nation going to do about it? How can continuing your education be more affordable? How do we move away from College Education as "service industry?" Perhaps we should take a look at the European system where students choose a focus of study early on and must pass a series of exams to continue to higher education, as opposed to the American system that is often criticized as hosting the token "party school" mentality and College as "babysitter" for those who aren't quite ready to go out into the "real world."
Thoughts on this from Graduates and those in school and looking at attending school?
From the article:
The rising cost of college — even before the recession — threatens to put higher education out of reach for most Americans, according to the biennial report from the National Center for Public Policy and Higher Education.
Over all, the report found, published college tuition and fees increased 439 percent from 1982 to 2007, adjusted for inflation, while median family income rose 147 percent. Student borrowing has more than doubled in the last decade, and students from lower-income families, on average, get smaller grants from the colleges they attend than students from more affluent families.
“If we go on this way for another 25 years, we won’t have an affordable system of higher education,” said Patrick M. Callan, president of the center, a nonpartisan organization that promotes access to higher education.
. . .
“When the economy is good, and state universities are somewhat better funded, we raise tuition as little as possible,” he said. “When the economy is bad, we raise tuition and sock it to families, when people can least afford it. That’s exactly the opposite of what we need.”
More at link. . .As a witness to the impending debt of higher education this comes as no surprise to... more
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The site is akin to Facebook in that it lets students create a profile and send out invitations asking for sponsors to pledge whatever they please for each A — $1, $2 or more. Sponsors can also donate by subject area, giving money to students who ace, say, organic chemistry or film studies. For example, ZooToo.com, a website for pet enthusiasts, is GradeFund's first corporate sponsor, pledging $15 to the first 100 students each semester who earn an A in veterinary medicine.
When a student reaches $100 in donations, GradeFund mails them a check. (Students can withdraw the money before they reach the $100 mark for a $5 fee.) Kopko will be adding features to bring in revenue — including a job search engine that will let employers search for a computer science major who aced Spanish or any other equally specific set of skills.
Seen link for more information...
Do you think this will be a bust or a boom with students?The site is akin to Facebook in that it lets students create a profile and send out... more
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Vanguard producer Lauren Cerre zigzags from Los Angeles to New York on bus, stopping to talk to young Americans about national issues affecting them in the lead up to the election.Vanguard producer Lauren Cerre zigzags from Los Angeles to New York on bus, stopping... more
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Famed radio host Howard Stern is set to shock audiences once again - when he helps auction off a 22-year-old girl's virginity on Tuesday (09Sep08).
The San Diego, California woman approached Stern to appear on his Sirius radio show in a desperate bid to pay off her college tuition.
Using the pseudonym of Natalie Dylan, she tells the New York Daily News, "I don't have a moral dilemma with it... We live in a capitalist society. Why shouldn't I be allowed to capitalize on my virginity?
"I understand some people may condemn me. But I think this is empowering. I'm using what I have to better myself."
But Dylan insists her rising bills won't mean giving it up to the highest bidder. She says: "I want someone with chemistry. We'll take bids until I find a suitor I'm happy with."
The auction will be conducted online on adult website Bunnyranch.com. Famed radio host Howard Stern is set to shock audiences once again - when he helps... more
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If you know of a family earning less than $60,000 a year with an honor student graduating from high school soon, Harvard University wants to pay the tuition. The prestigious university recently announced that from now on undergraduate students from low-income families can go to Harvard for free…no tuition and no student loans! To find out more about Harvard offering free tuition for families making less than $60,000 a year visit Harvard’s financial aid web site at: http://www.fao.fas.harvard.edu or call the school’s financial aid office at (617) 495-1581.
This initiative puts severe pressure on other well-endowed colleges and universities to adopt similar measures. Some commentators believe that Harvard’s announcement was made in response to Princeton University ’s decision six years ago to eliminate all tuition charges for families earning less than $60,000 (adjusted annually to take inflation into account) and its subsequent decision three years later to substitute all student loans with outright grants. The Harvard announcement indicates that the Princeton plan has had some success in drawing to Princeton some of the high- achieving, low-income students who typically went to Harvard each year. If you know of a family earning less than $60,000 a year with an honor student... more
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Christian Abate worked as a busboy for eight years at Saloon, where he struck up a friendship with one generous regular at the Italian restaurant who volunteered to pay his Temple tuition.
During a visit to Saloon last summer, Charles Barkley asked Abate how he was enjoying teaching, and was disappointed to learn that Abate had still not returned to Temple because of problems securing financial aid. Abate, 28, of South Philly, started at Temple in 1997, months after graduating from St. John Neumann High.
Sir Charles told Abate he would like to help him with his tuition, and Abate wasn't sure how to respond. Barkley didn't give him much time, telling Abate that he had the length of Barkley's meal to decide. Abate wisely accepted.Christian Abate worked as a busboy for eight years at Saloon, where he struck up a... more
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ivxx
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added this
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1 year ago
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If only there were more colleges in the US like Berea that don't charge tuition and target low-income families. If only there were more colleges in the US like Berea that don't charge tuition and... more
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"Servicemen and women may be able to go to college or university without paying tuition fees when they leave the army, navy or air force under a wide-ranging package of measures announced today.
Under one plan, anyone who has spent six years in the services will have the chance to study for a first foundation or full degree without paying tuition fees when they leave the services. Alternatively, they will be able to study for an A-level equivalent qualification without being charged.
The most severely wounded soldiers will be eligible for compensation worth up to £570,000, up from the previous maximum of £285,000, as well as continuing to receive an annual income, as they do already.
Servicemen and women who suffer less serious injuries during conflicts will receive an increase of up to 80%."
Wow. That is some kind of incentive. Although, with all the stories coming out of Iraq and Afghanistan, is the risk worth a free ride?"Servicemen and women may be able to go to college or university without paying... more
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Adam E., a PA resident and University of Minnesota Political Science senior, discusses his hopes for this election cycle. Adam E., a PA resident and University of Minnesota Political Science senior, discusses... more
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Thanks to political pressure and Ivy League trends, American universities may begin spending more of their endowments.
Most agree this isn’t merely a wave of academic altruism; rather, it’s the latest development in a long-running battle between congressional watchdogs and the nonprofit sector. Harvard happens to be a tempting target for federal scrutiny since, as Slack notes, its overall endowment (nearly $35 billion) “is more than the GNP of a lot of countries."Thanks to political pressure and Ivy League trends, American universities may begin... more
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khsing
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added this
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1 year ago
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College costs are soaring but most students don't receive enough financial aid to cover it. Many are going into deep debt to make up the difference. Jodie Wilken is one semester away from graduating and is worried about how she'll pay it all back. College costs are soaring but most students don't receive enough financial aid to... more
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Tuition rates are rising every year. In 2007 UTs tuition acceded other universities. What will happen to students with loans, and the rise of inflation? Find out what your peers are concerned about, and please feel free to comment about the issue.Tuition rates are rising every year. In 2007 UTs tuition acceded other universities.... more
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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
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Current correspondent Kaj Larsen is in the process of shooting a story on the exponential growth of college admissions.College admissions have increased over 20% in the last four years. Admissions offices are sweltering with applications and more and more students are being rejected from the top schools. For example, Harvard this year rejected 1100 applicants with perfect SATs. At the same time tuition costs are soaring. This is creating incredible pressure on young Americans and their parents. If you are someone who's in college, in grad school, planning on going to college or grad school, or with kids planning on or in grad school (or are just interested in this topic!) we need to hear your voice! We need your help with completing this story and would like to include as many different opinions and experiences on this issue as we can.Current correspondent Kaj Larsen is in the process of shooting a story on the... more
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tchang
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added this
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2 years ago
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