Colleges, swamped by applications from increasingly anxious high schoolers, are changing their admissions rules to weed out applicants who try to game the system by getting easy A’s or plagiarizing their essays. Interviews with admissions officers at some of the nation’s most popular colleges reveal recent and important shifts in the weighting of traditional admission factors
It isn’t just college tuition that’s rising crazily. There’s growing evidence that the prices of many other everyday items, such as hamburgers, are rising faster on college campuses than they are in the rest of the economy.
The U.S. Department of Education is approving big PLUS loans for some parents who cannot afford to repay them, several college financial aid officers and financially strapped parents say.
After months of scrutiny from legislators, for-profit schools were dealt another blow when the Department of Education released the most recent federal student loan default rates this week. The national average default rate has risen by a tenth of a percentage point to 7 percent from last year, while the rate at for-profit schools (the largest of which are online-oriented schools like the University of Phoenix ) jumped from 11 to 11.6 percent. “While for-profit schools have profited and prospered thanks to federal dollars, some of their students have not,” U.S.
After months of scrutiny from legislators, for-profit schools were dealt another blow when the Department of Education released the most recent federal student loan default rates this week. The national average default rate has risen by a tenth of a percentage point to 7 percent from last year, while the rate at for-profit schools (the largest of which are online-oriented schools like the University of Phoenix ) jumped from 11 to 11.6 percent. “While for-profit schools have profited and prospered thanks to federal dollars, some of their students have not,” U.S.
I was very fortunate to have had a handful of gifted teachers during my years in school. Their passion for their subjects – literature, history, writing – was inspiring. But their most important attribute was not that they taught what to believe, but how to learn – not what to think, but how to think
Many students apply for merit scholarships because they prefer financial rewards for their hard work, or they fear their families make too much money to qualify for aid awarded based on their financial “need.” But college aid experts say that the tough economy, new federal rules, and evolving college financial aid strategies are blurring the distinction between scholarships awarded on “merit” and grants awarded because of a student’s supposed financial need. A growing number of colleges now award “need-based” aid to students from families earning six figures, for example
LOS ANGELES (Reuters Life!) – Heading to a new university for Fall 2010 and want advice from other students?
Until recently, banks and other private lenders have made it hard for anyone to shop for college loans, in some cases because they didn’t want to compete by cutting profit margins . But several web entrepreneurs and state agencies have developed new tools to help students and parents find private loans that, in June of 2010, charged as little as 1.78 percent in interest. [Read 7 Ways Private Student Loans Are Getting Better ] Before shopping for private loans, students and parents should first apply for federal student aid , including low-cost government loans, lenders say.
The credit crunch that caused bankers around the country to stamp “REJECTED” on millions of college loan applications appears to be easing. Banks , credit unions , nonprofits, and new alternative lenders are approving more and cheaper tuition loans with variable interest rates starting as low as 1.8 percent for parents and even a few creditworthy students.