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Top Stories From The Last 30 Days
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  Member College News
4
University of Detroit Mercy lowers published tuition price to $28,000
posted: Nov 22nd   source: udmercy.edu  
Many highly accomplished, well-qualified students see the published tuition cost of an institution ("sticker price" or "list price") and decide not to look at the University any further or even apply. Through the 'Assure Your Boundless Future: Tuition Reset', the University of Detroit Mercy has reduced the published tuition cost from $41,158 to $28,000, effective fall 2018.
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  College Admissions News
2
When Alumni Interviewers Screw Up, Things Get Weird
posted: Nov 21st   source: chronicle.com  
Alumni interviewers help selective colleges screen distant applicants, providing a personal touch. But some college counselors & admissions officers believe that untrained alumni have no business interviewing students — and that such interactions often do more harm than good. Alumni interviewers tend to be white and affluent, leading to awkward moments as the applicants get more diverse.
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  Higher Ed and Washington
2
Financial aid officers say the government must stop charging fees to borrow money for college
posted: Nov 21st   source: washingtonpost.com  
Over the past 5 years, the federal government made $8.1 billion dollars charging students and parents 'origination fees' to borrow money for college. A group of financial aid officers (NASFAA) maintain that loan origination fees are a burdensome tax on families that Congress needs to end. Parent Plus loans account for 29% of the origination fees at a rate of 4.2% of the loan amount.
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  Member College News
3
'Not afraid of competition:' Fontbonne buys former high school to build second campus
posted: Nov 21st   source: stltoday.com  
Fontbonne University (MO) has bought a high school campus in the St. Louis suburbs with plans to develop it as a satellite campus for graduate and adult education. The new campus, which used to house a Catholic high school, will also provide athletic fields for Fontbonne athletics, allowing for expansion of the track & field program and the addition of women's lacrosse.
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  Member College News
27
Millsaps College Senior Noah Barbieri Awarded Prestigious Rhodes Scholarship
posted: Nov 20th   source: millsaps.edu  
Noah Barbieri, a senior at Millsaps College (MS), has been selected as a Rhodes Scholar. Already selected as one of 62 Truman Scholars nationwide in April 2017, he is the second Millsaps student in the past three years to be named a Rhodes Scholar and the 7th in the history of the College. Barbieri is majoring in economics, mathematics and philosophy.
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  Higher Ed and Washington
5
Tax bill reflects rift between many Republicans and higher education
posted: Nov 20th   source: washingtonpost.com  
Ending a tax deduction for interest paid on student loans. Raising taxes for 100,000+ graduate students who receive tuition waivers. Imposing a levy on endowments at certain private universities. These anti-education measures are part of the House-approved Republican tax overhaul - and opposed by two former college presidents who are Senators, Lamar Alexander (TN) & Roy Blunt (MO).
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  General College News
21
Are colleges preparing students for the automated future of work?
posted: Nov 20th   source: washingtonpost.com  
It has been estimated that 90% of job loss since the year 2000 has been due to automation. Jeffrey Selingo writes that colleges should stress helping students obtain skills that can't presently be automated, such as judgement, ethics and critical thinking. The curriculum of the future should integrate technical and social skills, stress experiential education and encourage lifelong learning.
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  Student Loan News
5
How This 28-Year-Old Repaid $62,000 Of Student Loans In 2 Years
posted: Nov 20th   source: www-forbes-com.cdn.ampproject.org  
Tommy LeSage, Jr. didn't know how much he owed in student loans -or his credit score after graduation from Suffolk University (MA). But when he found out, he made a plan - and has repaid $62,000 of student loan debt in just two years. He has only about $1,300 of debt remaining - despite car loan payments, gym membership, cell phone, health insurance, car insurance and Netflix.
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  Member College News
20
St. Thomas Kicks off $200 Million Scholarship Drive, Announces $50 Million Gift for GHR Fellows
posted: Nov 20th   source: news.stthomas.edu  
With a focus on educational excellence, increasing access and reducing student debt, the University of St. Thomas (MN) has announced a goal of infusing $200 million into scholarship support for students over the next eight years. A $50 million gift from GHR Foundation will establish a pre-eminent four-year endowed scholarship program for business majors.
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  Member College News
15
Mount Saint Mary’s University Launches $100 Million Capital Campaign
posted: Nov 20th   source: msmu.edu  
Mount Saint Mary’s University (CA) has launched the largest capital campaign in its history. Funding priorities include broadening rigorous academic programs; sending students to study and conduct research worldwide; funding vital student scholarships; redoubling efforts for the advancement of women in Los Angeles and beyond; and, constructing a Wellness Pavilion - a national campus model for healthy living.
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  Student Loan News
7
For Student Borrowers, Time to Start Repaying Loans
posted: Nov 20th   source: nytimes.com  
Most student loans have 'grace periods' — spans of time after graduation before repayment must begin — of six months. For students who graduated last spring, it is time to start repaying the debt. If you have not received any sort of notice by now, it is best to contact your loan servicer. If you don’t know who your servicer is, check the National Student Loan Data System to find out.
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  Student Loan News
30
When Unpaid Student Loan Bills Mean You Can No Longer Work
posted: Nov 19th   source: mobile.nytimes.com  
A version of 'debtor's prison' - England's gift to the 1700s and 1800s - is back. 20 states suspend your professional or driver’s licenses if you fall behind on student loan payments. Firefighters, nurses, teachers, lawyers, massage therapists, barbers, psychologists and real estate brokers have all had their credentials suspended or revoked. It's punitive - and prevents paying off those loans.
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  Campus Finances
15
Fewer Foreign Students Are Coming to U.S., Survey Shows
posted: Nov 19th   source: nytimes.com  
The number of newly arriving international students declined an average 7% in fall 2017, with 45% of campuses reporting drops in new international enrollment. The Midwest was hit especially hard as, those students headed instead for Australia, Britain & Canada. Foreign students provide an infusion of $39 billion into the U.S. economy each year.
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  Student Loan News
17
5 Flaws That Kill Student Loan Collection Lawsuits
posted: Nov 19th   source: nytimes.com  
Borrowers have defaulted on billions of dollars in private student loan debt. Seeking payment, creditors file tens of thousands of lawsuits each year. However, creditors lose when they cannot prove that they own the debt...or have business records that are not admissible in court...or aren't license to do business in that jurisdiction...or the debt is beyond the statute of limitations.
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  Higher Ed and Washington
3
House GOP Tax-Writers Take Aim at College Tuition Benefits
posted: Nov 17th   source: nytimes.com  
More than 145,000 graduate students are attending college for free. They are often living on minimum-wage stipends, working long hours, studying and attending classes. For them, the House's repeal of the 'tuition waiver' tax break (often in return for being a 'teaching assistant') could have dire financial consequences. Tuition benefits for children of university employees would also be taxed.
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  Higher Ed and Washington
4
Government analysis shows House tax bill would increase the cost of college by $71 billion over a decade
posted: Nov 17th   source: washingtonpost.com  
The repeal and revision of higher-education tax benefits in the House-passed bill will cost students and families more than $71 billion over the next decade. Gone would be the student loan interest deduction & several higher education tax credits. Employer-provided tuition assistance would be taxed as income. Grad school 'tuition waivers' would be taxed (even though no paychecks are received).
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  General College News
12
Don’t be fooled: Top public universities are turning their back on poor students
posted: Nov 17th   source: washingtonpost.com  
Data suggests that in many states, low-income students are increasingly being pushed out of public flagship and research universities, leading them to enroll in less-prominent regional state colleges, community colleges and for-profit schools. The result: Graduation (within 6 years) becomes far less likely for students whose families are in the bottom 40% of income.
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  Student Loan News
11
What we now know about who struggles with student debt
posted: Nov 17th   source: washingtonpost.com  
Older African-Americans and college students with children disproportionately bear the burden of education debt, according to new studies. Roughly 75% of black borrowers who defaulted have dropped out of for-profit colleges - and are in danger of having future Social Security checks 'garnished'. Only 44% of community colleges provide child care services; about 50% of state 4-year colleges do.
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  Paying For College
5
Education Debt Held by Older Americans
posted: Nov 16th   source: insidehighered.com  
Recently released federal data show that 17 percent of federal student debt holders are over the age of 50. An analysis released by the Urban Institute shows that 3.5 percent of Americans over 50 hold student debt for their own education, compared to roughly 8 percent with debt for their children or grandchildren. Older borrowers who are holding debt for their own education report more precarious finances than those...
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  Student Loan News
8
Behind the Lucrative Assembly Line of Student Debt Lawsuits
posted: Nov 15th   source: nytimes.com  
Transworld Systems has been one of most prolific debt collectors, filing more than 38,000 lawsuits in the last 3 years on behalf of the National Collegiate Student Loan Trusts. Many of the cases were flawed - mass-produced documentation based on scant verification, suits against consumers who had already paid off their loans, 'sloppy & illegal collection methods'.
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