Corinthian Colleges Employee: “We Work For The Biggest Scam Company In The World”

RiddimRyder

Corinthian Colleges — the operator of for-profit school chains Everest University, WyoTech, and Heald Colleges — is selling off or shutting down campuses as it faces lawsuits and investigations from multiple state and federal agencies. The allegations involve bogus job-placement stats, grade manipulation, and misleading marketing. We recently spoke to several current and former CCI teachers and admissions staffers who confirmed these bad practices and explained that it was all done in pursuit of billions of dollars in federal aid from taxpayers. [More]

Glitch In FAFSA Form Changes Thousands Of Future College Students’ Financial Aid Offers

Glitch In FAFSA Form Changes Thousands Of Future College Students’ Financial Aid Offers

Federal financial aid is a vital part of funding many college careers; even the slightest mistake on a form could mean the difference between attending school and taking out costly private student loans. For thousands of prospective college students a glitch in this year’s Free Application for Federal Student Aid (FAFSA) form may have put their financial aid offers at risk. [More]

5 Things You Shouldn’t Buy For Your College-Bound Kid

(Chris Metcalf)

So your kid is finally set to leave home and head off to college. You might be tempted to splurge on all manner of purchases to ensure that he or she will be able to study, eat, sleep, and dress properly. But some of those commonly bought items are just money down the drain. [More]

(sunilgang)

Starbucks Announces College Plan For Workers Who Want To Earn A Bachelor’s Degree Online

Starbucks announced a new education program for its workers this morning, under which any of its benefit’s eligible workers — from plant workers to baristas — can get either full tuition reimbursement or partial scholarships to complete a bachelor’s degree online through Arizona State University. [More]

Greendale CC

For-Profit Schools Are More Flexible & Convenient Than Community Colleges, But Can Land You In Debt Hell

Whether it’s for financial, academic or personal reasons, a traditional four-year college isn’t in the cards for everyone. Community colleges have long offered the opportunity for people to get started (or restart) their education without having to go into debt, so why have so many Americans recently opted for more expensive for-profit colleges that are regularly criticized for spending more on acquiring students than they do on teaching them? [More]

Here Are Two Graphs Any Parent Of A College-Bound Kid Didn’t Want To See Today

Here Are Two Graphs Any Parent Of A College-Bound Kid Didn’t Want To See Today

As we’ve mentioned numerous times over the last few years, college tuition costs have skyrocketed during the past two decades, far outpacing inflation and saddling an entire generation of college-educated Americans with student loan debt that can take many years to pay off. All the while, college graduates aren’t making as much as they did when college was more affordable. Surely the trend of soaring college costs has to level out, right? [More]

How To Not Suck At Making The Transition From School To The Real World

How To Not Suck At Making The Transition From School To The Real World

All around the country, people who’ve never had a full-time job or paid their own way are going to be pushed out of safe bosom of school. Maybe you’re one of them. Well, now that you’re done with your cap and gown and you have a diploma in your hand, it’s time to join the rest of us in the real world. [More]

High School Senior Auctions Himself On eBay To Acquire College Baseball Scholarship

High School Senior Auctions Himself On eBay To Acquire College Baseball Scholarship

There are thousands of scholarships available to prospective college students each year. But there are only so many Division 1 athletic scholarships to go around and snagging one of those could be considered an incredible feat. [More]

Student Loan Forgiveness Plans Could Be A Victim Of Their Own Success

Student Loan Forgiveness Plans Could Be A Victim Of Their Own Success

Student loan debt in the U.S. currently totals more than $1 trillion, with some predicting it will only get worse as tuition increases continue to outpace inflation. Recently launched federal student loan forgiveness programs were intended to provide relief to some of these borrowers, but the plans’ unexpected popularity has created a new set of concerns. [More]

Tennessee Becomes First State To Offer Free Tuition To All Graduating High School Students

Tennessee Becomes First State To Offer Free Tuition To All Graduating High School Students

Earlier today, Consumerist reported on a town in Michigan that is footing the bill for recent high school graduates to attend public universities and community colleges. Little did we know that was small potatoes compared to a program brewing in Tennessee. [More]

GAO: Changes Needed For Student Debit Cards Offered By Colleges, Universities

GAO: Changes Needed For Student Debit Cards Offered By Colleges, Universities

Going to college comes with a new set of responsibilities for students, and one of those responsibilities is being in charge of their own finances. What better way to impart a lesson in finances than giving them access to federal student aid on a prepaid debit card? As the use of such cards is growing in popularity at universities and colleges, advocates are calling for more oversight to their use. [More]

Millennials Who Chose Not To Attend College Are More Likely To Live In Poverty Than Past Generations

Millennials Who Chose Not To Attend College Are More Likely To Live In Poverty Than Past Generations

The always rising cost of tuition and the number of students graduating college with significant debt might be enough to turn some away from getting a college education. But a new study by the Pew Research Center found that not going to college could be an even more expensive decision. [More]

51 Groups Call On President To Not Let For-Profit Colleges Weaken “Gainful Employment” Rule

51 Groups Call On President To Not Let For-Profit Colleges Weaken “Gainful Employment” Rule

Last summer, the Dept. of Education began the process of reviewing a new rule aimed at those educational institutions that failed to demonstrate their students could find gainful employment in the fields in which they had been trained. The for-profit college industry has managed to weaken the rule, but today more than 51 different groups — including advocates for consumers, veterans, and students — asked the President to help prevent this rule from becoming toothless. [More]

How To Not Suck… At Borrowing For College

How To Not Suck… At Borrowing For College

(This is Part Two of a two-part feature on paying for an education. Last week’s HTNS column focused on the best way to save up for college.)

With the rising cost of college tuition, many families figure they’ll have to beg, borrow and steal to pay for the cost of higher education. If those are the only options available to you, we recommend borrowing. [More]

College Student Protests Tuition Hike By Paying With Singles

College Student Protests Tuition Hike By Paying With Singles

Like many schools around the country, tuition at the University of Utah has soared in the last decade. In-state students at this school are now paying more than double what students paid only a decade ago, with another 5% increase coming. In minor protest of these rate hikes, one Utah student chose to express his feelings by paying his tuition in singles. [More]

College Senior Hopes To Pay Off Student Loans By Selling Ads On Graduation Cap

College Senior Hopes To Pay Off Student Loans By Selling Ads On Graduation Cap

A student at the University of Michigan-Flint looked into the crystal ball and saw visions of student loan debt. But what if he could figure out a way to pay off that pile of debt before he even enters the job market? And so the young man started a campaign to sell advertising space on the top of his graduation cap. [More]

How To Not Suck… At Saving For College

How To Not Suck… At Saving For College

(This is Part One of a two-part feature on paying for an education. Part Two looks at the best way to borrow for college.)

Next to a home purchase, sending your kids to college may be the biggest expense of your lifetime. And like all things money, this one is easy to screw up. [More]

The 10 Colleges That Received The Biggest Payouts From Credit Card Issuers Last Year

The 10 Colleges That Received The Biggest Payouts From Credit Card Issuers Last Year

Last year, a group of around 15 credit card issuers paid a total of more than $50 million to various schools and school-affiliated organizations in order to market credit cards to people at those educational institutions. Around 70% of that money came from a single Bank of America-owned credit card company, and though hundreds of schools received some sort of payment for helping introduce cards to college students, just the 10 largest single payments account for nearly 30% of the $50 million. [More]