Financial Aid

Predictive Modeling: A Tool, Not the Answer

Benefits and cautions of using historical data to predict the future

If you still watch TV with commercials, you may have seen an ad recently talking about using data to improve your business—the bakery that mined its sales data to discover that people buy more cake on rainy days, for example. Everybody’s talking about “big data” and “data science,” basically applying sophisticated analytic techniques to large datasets. And one of the things they’re doing is predictive modeling—using historical data to make predictions about the future.

Lauren Williams's picture

Director of Student Financial Assistance

The University of Alaska Anchorage is seeking a Director of Student Financial Assistance

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Ann McClure's picture

Eliminating Federal Aid For People Without GEDs Creates Uphill Battle For Some Prospective Students

At Grand Rapids Community College, they’re the minority – students who are attending college but don’t have a high school diploma or GED.

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Ann McClure's picture

Study: U of Colorado Only Major University To Report Lobbying For Low Student Loan Rates

The University of Colorado -- where nearly one in three undergraduates on the Boulder campus have federal Stafford loans -- was among few organizations that publicly reported lobbying in favor of a measure to keep interest rates from doubling to 6.8 percent.

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UCLA Faculty To Vote On Ending State Funding Of MBA Program

The Anderson School of Management's flagship program would rely on tuition and donations instead under the controversial plan.

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Ann McClure's picture

Biden and College Presidents Talk About Paying the Bills

The Obama administration is pushing hard this week to keep the spotlight on its efforts to make college more affordable. On Tuesday, administration officials met with 10 college presidents who have agreed to include a consumer-friendly “shopping sheet” in the financial aid packages they send to incoming students.

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Financial literacy to the rescue: Teaching students what they owe before they owe it

American Student Assistance’s SALT program helps Indiana students manage their debt.

Jack Gochenaur was hearing scary stories around campus. Some financial aid students didn't know whether they'd received loans or grants to pay for their education. Many had no idea what they'd need to earn to meet their monthly loan payments.

"I have students who reach their senior year and during exit counseling, it's the first time they know how much money they owe," said Gochenaur, Chief Financial Officer/Treasurer of Manchester College, a 1,300-student liberal arts college in North Manchester, Indiana.

Something, he realized, had to change.

B-School Outreach Scholarships

Committing to diversity and stressing inclusion with full scholarships

A common objective for business schools across the country is development of leadership skills. For this reason, MBA programs utilize team-based assignments, incorporate leader development in the core curriculum, and include a plethora of leadership and service opportunities in co-curricular offerings.

Michigan Leads Nation in Loan Default Actions

Michigan means business when it comes to going after student loan defaulters. Michigan college students graduate with a slightly higher debt than the national average, and about one in 10 Michigan student loans winds up in default—on par with the national average. However, the U.S. Attorney’s Office in Detroit has been far more aggressive in pursuing defaulters than in other states.

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