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Top Stories From The Last 30 Days
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  Student Loan News
5
In Navient Lawsuits, Unsettling Echoes of Past Lending Crisis
posted: 16 hours ago   source: nytimes.com  
State and federal lawsuits filed this week accused Navient, the largest collector of student loan payments in the nation, of the kind of sloppiness and misleading tactics that emerged in the mortgage market in the years after the financial crisis.
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  Higher Ed and Washington
5
Student Loan Collector Cheated Millions, Lawsuits Say
posted: 17 hours ago   source: nytimes.com  
Navient, the nation’s largest servicer of student loans, has for years misled borrowers and made serious mistakes at nearly every step of the collections process, illegally driving up loan repayment costs for millions of borrowers, according to lawsuits filed on Wednesday by a federal regulator and two state attorneys general.
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  General College News
15
Some Colleges Have More Students From the Top 1 Percent Than the Bottom 60. Find Yours.
posted: Jan 19th   source: nytimes.com  
Students at elite colleges are even richer than experts realized, according to a new study based on millions of anonymous tax filings and tuition records. At 38 colleges in America, including five in the Ivy League – Dartmouth, Princeton, Yale, Penn and Brown – more students came from the top 1% of the income scale than from the entire bottom 60%.
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  General College News
12
America’s Great Working-Class Colleges
posted: Jan 19th   source: mobile.nytimes.com  
A new study by a team of economists shows that many colleges fail to serve their students well. Dropout rates are high, saddling students with debt but no degree. For-profit colleges perform the worst; a significant number of public colleges also struggle. But success stories are real and fairly common. The unemployment rate for college graduates today is a mere 2.5%.
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  Retirement Savings News
14
Social Security Full Retirement Age Increases For First Time Since 2005
posted: Jan 18th   source: kitces.com  
Under the original rules for Social Security, workers upon reaching their “full retirement age” of 65 became eligible for a retirement benefit. However, full retirement age itself is now a moving target as part of a multi-decade phased increase. By 2022, the full retirement age will be 67 (for everyone born in 1960 or later). Early retirement becomes more costly.
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  Member College News
14
Immaculata will cut its tuition sticker price 23%
posted: Jan 18th   source: philly.com  
Immaculata University will become the third Philadelphia area Catholic college to reduce tuition in an effort to attract students who may have been scared away by its climbing sticker price. Tuition will be reset to $26,500 for 2017-18, down 23% from this year’s $34,410. To attract more applicants, the University also will make SAT and ACT scores optional for admission to most majors.
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  SAGE Scholars News
54
Stetson University Joins SAGE Tuition Rewards
posted: Jan 16th   source: secure.tuitionrewards.com  
Stetson University, Florida's first Phi Beta Kappa institution and one of the top-ranked regional universities in the South, has become the 11th independent college in Florida to join the SAGE Scholars Tuition Rewards program. Founded in 1883, Stetson attracts 3,100 undergraduate students from 44 states & 52 countries.
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  Student Loan News
108
To put their grandkids through college, Americans over 60 now have $67 billion in student debt
posted: Jan 16th   source: qz.com  
The number of Americans over 60 with student debt is soaring. Many debtors aren’t borrowing for themselves but for their children and grandchildren. One solution for older borrowers is to take advantage of new programs to help forgive student debt for borrowers working in public service or with low income. A senior dependent on social security may not have to make payments at all.
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  College Admissions News
21
Ten Ways For Parents To Get On Top Of The College Admission Process
posted: Jan 16th   source: forbes.com  
Instead of telling your student what to do, start by asking open-ended and non-directive questions like, "Tell me why you like that college?" or "How do you think that major will help you in the future?" Finding a good balance can be difficult if you're used to being more directive, but you'll be surprised how positive transferring responsibility, while offering help when needed, can be.
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  Member College News
32
Ashland University Receives $650,000 National Science Foundation Grant for Scholarships
posted: Jan 16th   source: military-technologies.net  
The National Science Foundation (NSF) has awarded Ashland University (OH) a $650,000 grant as part of a five-year STEM scholarship program for incoming academically talented science students with financial need. The renewable scholarships are targeted at majors in biology, biochemistry, chemistry, environmental science, geology, physics or toxicology.
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  Higher Ed and Washington
86
Programs That Are Predatory: It’s Not Just the For-Profit Colleges
posted: Jan 16th   source: mobile.nytimes.com  
The U.S. Department of Education has released a list of hundreds of college programs that load students with more debt than they can afford to repay. Mostly, it's for-profit colleges such as Kaplan University and the University of Phoenix. But, among a host of local graphic design, fashion, cosmetology and barber schools is a small theatre program conducted at Harvard.
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  Higher Ed and Washington
35
Free Market for Education? Economists Generally Don’t Buy It
posted: Jan 15th   source: nytimes.com  
Excessive faith in the power of free markets can lead to infeasible policy proposals. There is much to fix in the current student loan system. But, getting private banks back into the heart of the loan program solves none of these problems - and will be costly to taxpayers. Why should banks earn generous profits while the government assumes all of the risk?
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  Student Loan News
96
Sallie Mae’s stock has soared since the election. But will Donald Trump really deliver?
posted: Jan 10th   source: washingtonpost.com  
Sallie Mae, which provides private student loans, has seen its stock price surge 64% since Donald Trump's election. Investors are betting that a President Trump will make the student loan industry super-rich again. But given the incoming president’s consistent rhetoric about the squeeze of student debt on young people, this bet could go badly. Sallie Mae's lobbyists are pushing for more private lending.
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  Member College News
75
Hiram College receives $1 million gift from Paul and Maxine Frohring Foundation
posted: Jan 9th   source: news.hiram.edu  
Hiram College (OH) has received a year-end $1 million cash gift through the Paul and Maxine Frohring Foundation. This is the largest single gift of the Foundation’s nearly $6.5 million total to the College. The $1 million will support scholarships for biology and chemistry students, as well as faculty and student research at Hiram’s 500-plus-acre James H. Barrow Field Station.
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  Member College News
70
Christine Pharr named president of Mount Mary University
posted: Jan 9th   source: bizjournals.com  
Mount Mary University (WI) has named Christine Pharr as its new president. Previously the vice president for alumnae and donor relations at the College of St. Mary in Omaha, Pharr will assume her new position as leader of the Catholic women's university in July 2017.
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  General College News
103
Making the Case for Liberal Arts Colleges
posted: Jan 9th   source: insidehighered.com  
A new study finds that a liberal arts major has positive impact on graduates’ life experiences, including leadership, civic-mindedness … and financial success - 31 to 72 percent more likely to have higher-level positions and to earn more than $100,000/year. Liberal arts graduates do earn less for the first few years after graduation - but not thereafter.
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  College Admissions News
59
Dealing with deferral
posted: Jan 9th   source: admissionsintel.com  
Many selective colleges received record numbers of early applications in the fall. Rather than reject students outright, many colleges use a "deferral" mechanism - putting these applicants into the spring admissions "pool". If you've been deferred, how do you improve your changes? You can update your application...visit the campus...re-take the SAT/ACT tests...& 8 other ideas. Or, "move...
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  College Admissions News
54
Text Your Way to College
posted: Jan 9th   source: nytimes.com  
Every year, hundreds of thousands of high school seniors make bad choices about where — or whether — to go to college. Some who would excel at top-ranked institutions opt for second-tier institutions. And more than 200,000 students who have been accepted by colleges never enroll. It's called 'summer melt'. Texting likely 'dropouts' may solve this problem.
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  Student Loan News
102
Student Victims Seek to Become Creditors in ITT Bankruptcy
posted: Jan 8th   source: nytimes.com  
It seems only right that victims of predatory for-profit education companies should have their student loans forgiven. In addition to being left with mountains of debt, former students have worthless degrees from schools that no longer exist (Corinthian Colleges, ITT Educational Services). Ex-students have petitioned a federal bankruptcy court to consider loan forgiveness as part of the liquidation(s).
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  Tuition & Financial Aid News
145
New York's Tuition-Free Plan Sparks Debate
posted: Jan 6th   source: insidehighered.com  
The drive for tuition-free public college has experienced a rebirth, rising from the ashes of the 2016 presidential election to re-emerge in New York under a Gov, Andrew Cuomo proposal that would cost $160 million annually and have a family income cap of $125,0000/year. Would the money be better spent on improving graduation rates, turning part-time students into full-timers?
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