Higher education is supposed to be a critical first step on the ladder that leads to economic mobility. But William Elliott and Melinda Lewis say that students often leave school with debilitating debt that delays or even prevents any upward climb on that ladder.
With freshman discount rates once again on the rise, it will be more important than ever for institutions to review whether their methodologies for developing a budget for financial aid are sufficiently robust.
Using a cohort-based budget approach is critical for understanding the implications of replacing a “cheaper” senior class with a more heavily discounted freshman class.
Oregon’s 17 community colleges expect a jump in fall 2016 enrollment, when the first group of eligible students takes advantage of the state’s new free tuition plan created this summer. The program is modeled after the groundbreaking Tennessee Promise initiative that enrolled its first students this year.
In the past, Weber State University processed payments according to what was purchased and where. So basketball tickets went through one system, bookstore purchases went through another, and lab fees still another.
Meeting the needs of every student at SUNY Broome is a critical part of the upstate New York institution’s mission. And when a large portion of the 7,000-student population is made up of first-generation and non-traditional students, meeting their needs requires paying particular attention to campus finances.
Student success is the number one goal at Columbia College Chicago. When an increasing number of students were delaying that success because of financial challenges, administrators took action.
From tuition payments at the bursar’s office to book
purchases at the campus store, there is frequent credit
card and debit card activity at higher ed institutions. And a
big change in the world of card-based payments has come
about in the form of EMV.