Financial Aid

Drowning in debt

The House of Representatives voted last week to head off a doubling of student loan interest rates on July 1, but allow those rates to vary with the markets moving forward.

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Boston schools back Warren’s proposal to stall student loan interest rate increases

Dozens of Boston area schools have stepped up in support of a proposal put on the table by Sen. Elizabeth Warren which would essentially stop interest rates for students to borrow from doubling, and set the rates equal to those given to large financial institutions like banks.

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Are public universities too big to fail?

Dark clouds are forming over America’s public universities as the Wall Street mindset spreads across more of our institutions. A decade of excessive spending based largely on unlimited student loans is looming dangerously over a major national asset.

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Merit scholarships could cost neediest students

It found that hundreds of public and private colleges expect the neediest students to pay an amount that is equal to or more than their families’ yearly earnings. At the same time, the schools are offering more merit aid, based on such factors as a student’s academic achievement, to attract the students they most desire.

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As college students struggle, college presidents prosper

College trustees, who are sometimes inclined to be overly generous, should ponder carefully whether big salaries and bonuses are in keeping with the mission of taxpayer-supported schools.

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Best Practices in Financial Aid Strategy

In this web seminar, Scannell & Kurz offers best practices in deploying scarce aid resources, while discussing how to evaluate the effectiveness of current pricing and award strategies and how to identify opportunities to increase net tuition.

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Families Stuck in the Middle When it Comes to Higher Education

Increasingly, it seems as though higher education doesn’t have a place for people like me or my family. You see, we are the middle people. We are middle class, with three children. But in the realm of higher education, if you are “middle,” you are at the bottom. Scholarships, grants and financial assistance abound for students who earn top grades. And rightfully so.

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Connecticut Bill for Uniform Financial Aid Info Advances

A proposal to require Connecticut colleges and universities to supply students with uniform financial aid information has passed in the state House of Representatives. The bill, which passed 141-to-0, obliges institutions of higher education to provide a financial aid shopping sheet to each admitted student before the enrollment deadline.

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Private Colleges Offering More Financial Aid than Ever

Call it the couponing of higher education. After years of skyrocketing tuition costs, many private colleges in the United States are ramping up their financial aid packages in an attempt to attract new students and boost sagging enrollments.

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How to Curb Student Debt and Better Manage Repayment

The average overall loan debt for bachelor’s degree recipients is fairly manageable (about $26,500 for the class of 2011, according to The Institute for College Access and Success). Still, students and families are shouldering a greater portion of the cost of college through loans than they ever have before. As student loan debt levels and default rates in the United States continue to climb, consumers remain concerned about the accessibility and affordability of higher education.