The cost of higher education continues to grow faster than inflation. What is a college student to do?
A recent US district court ruling reaffirms that the US Department of Education has a right to require colleges to prove that graduates earn enough money to pay back their student loans in order to be eligible for federal student aid dollars. This ruling is the second in a push-back via gainful employment regulations to hold these schools accountable for a return on students' tuition investment. Here's what you need to know.
College should be one of the most memorable times in a person's life, not a time of financial stress, anxiety, and hopelessness. However, with the rising cost of attending college and student loan debt more than quadrupling over the past two decades, obtaining a degree is proving to be a strain, especially for students who are financially burdened. One group of low-income students from Columbia University is using social media to shed light on the dismal realities of being a poor student in one of the most prestigious and expensive Ivy League schools in the nation, with a Facebook page entitled Columbia University Class Confessions.
Recently, Slate's Matthew Yglesias argued against donating large amounts of money to wealthy schools like Harvard University. His position is that Ivy League schools already have huge endowments, and that most of the students attending these elite schools have wealthy families supporting them financially.
Washington State recently became the fifth state to enact legislation offering financial aid to students who arrived in the country illegally by way of their parents. Now that college is within reach of a new population, finding the right school for the money becomes the next hurdle.
Graduate and undergraduate students seeking financial aid must fill out the FAFSA: Free Application for Federal Student Aid. The FAFSA is need-based, meaning the amount of aid students receive is dependent upon their financial situation, not their grades or achievements. FAFSA has a few quirks that savvy students can take advantage of in order to increase their likelihood of getting the money they need for their education.