An alumni network at 40 universities looks to make student loans more affordable while cutting the default rate and providing lenders with a decent return.
Educational Financing
Student Loans — To Pay For Kindergarten?
The growing mountain of student loan debt we owe has been well-documented, but new research shows a trend that’s even more troubling than Americans going into hock to pay for a college degree: Apparently, some parents are taking …
Sorry, Kids: Your Parents Feel Less Able to Help Pay for College
What a difference five years can make. A new survey from Amerprise Financial shows that parents (and future parents) feel they are much less capable of helping their children foot the bill for college than in years past.
Students, Your Loan Interest Rate Is About to Double
Prepare yourself: on July 1, as many as 8 million college students will see their interest rates on federally subsidized student loans double, from 3.4% to 6.8%. According to the U.S. Public Interest Research Group, that increase …
How to Get a Bachelor’s Degree for Less Than $10,000
When Texas Gov. Rick Perry called for a $10,000 bachelor’s degree in his State of the State address last year, a lot of people rolled their eyes. The Austin–American Statesman’s headline read: “Perry’s call for $10,000 …
Why the Student Loan Situation Is Worse Than We Thought
The latest report by the Federal Reserve Bank of New York shows how dire the financial situation has become for college students with outstanding loans.
Background Check for the Digital Age: Employers, Colleges Insist on Full Facebook Access
For years we’ve been told to keep drunken Facebook photos and racy wall posts private to avoid the judging eye of a potential employer, but now, according to MSNBC’s Red Tape blog, even that might not be enough.
Universities Retool and Boomers Flock Back to Campus
Adults are going back to college to restart their career, switch jobs, launch a second act, or just to have fun learning. But as you might expect, it’s expensive. Here are seven ways one expert says will make going back to campus …
Fewest Young Adults in 60 Years Have Jobs
How hard has the Great Recession hit young adults in the U.S.? According to a report released Thursday by the Pew Research Center, only 54.3% of young adults aged 18 to 24 have a job. It’s the lowest rate since the government …
Why Can’t You Discharge Student Loans in Bankruptcy?
If you’re struggling to pay credit card debt, car loans or even gambling debt, you can wipe the slate clean in bankruptcy. Struggling to pay your student loans? Sorry, you’ll just have to figure that one out on your own.
Colleges Are Selling Naming Rights to Restroom Stalls
Imagine a restroom stall, or even an entire men’s room, on the campus of your alma mater being named in your honor. Well, for just a few thousand dollars, that ludicrous and mildly disgusting dream can now come true.
One College Slashes Tuition by 22%, Promises No More Silly Financial-Aid Games
Shopping around for a college education can feel a lot like shopping for a new car — in that very few people wind up paying the sticker price. Many colleges set tuition prices with the assumption that, on average, students will pay 33% less, thanks to financial aid and scholarships. But one university has decided its pricing strategies …