While upper-income and upper-middle-income families have historically not needed to drink from the financial aid fountain to pay for their kids’ college educations, soaring tuition costs (and declining net worth) have forced even the well-off into taking out loans, adding to the already enormous $1 trillion ocean of student loan debt in the U.S. Surprisingly, this may end up being a good thing for the next generation. [More]
Juggling parenthood and college classes is no easy feat, and even tougher when you consider the financial side of the equation. Any scholarships out there help, and it so happens that there are several out there earmarked for mothers attempting to better their career prospects by earning degrees. [More]
For decades, names affixed to college bathrooms have adhered to the time-honored tradition of vindictive dudes etching names and numbers of their exes on stall walls. Now the institutions are making the bathroom naming thing part of official fundraising efforts by affixing monikers of donors to the places where some of the deepest thought on campus takes place. [More]
If you’re a college student who seeks financial aid, part of your annual ritual is filling out a
Free Application for Federal Student Aid (FAFSA), which lets you see what financial aid you qualify for. In its own way, the application is as important as any research paper or test you’ll complete at school. [More]
Students need to call upon several sources to cover the massive expenses college drops on them. Unless they’re independently wealthy or have a large college fund set up for them, they’ll scramble to come up with the funds to pay for tuition, fees, books and living expenses. [More]
Grad students are making heavy investments of time and money in their future income prospects, but in many areas of study the odds are stacked against the gambles paying off. A Georgetown University analysis identifies the advanced degrees that gave students the smallest pay bumps. [More]
According to a report, for-profit colleges are making things tough for students by charging exorbitant fees, engaging in high-pressure recruiting efforts and supplying degrees that don’t do as much for students as promised. The report contends more oversight from state governments could better protect students from the institutions. [More]
If college sent you into the real world last year saddled with $10,000 in student loan debt, take solace in the realization that there is someone out there who owes $40,000 in order to average things out. A newly released study found that the average balance of a student who took out loans and graduated in 2010 was $25,250 — a 5 percent increase from the previous year. [More]
Law school graduates in Michigan and New York who believe they were duped into making poor investments in their degrees have used their skills to take their alma maters to court in a pair of class-action suits. The grads say the schools misled them about their post-graduation job prospects, as well as their potential salaries. [More]
The for-profit college industry has earned a reputation for shady methods of operation, such as peddling flimsy academic credentials for high prices and minimal effort in the classroom, and now the government is taking one of the largest corporations in the industry to court. [More]
An out of work Boston College law student wrote an open letter to his college’s dean with an unusual proposition. [More]
Enrollment in for-profit colleges like the University of Phoenix, DeVry University, and Kaplan University–Gawker calls them fake colleges–tripled in the past decade, and has become such a fast-growing segment of the education market that some members of Congress think it needs better oversight. [More]
In this job market, anything you can do to give your cat or dog an edge is worth pursuing. That’s why you shouldn’t enroll your pet in just any diploma mill—you want one that’s a proven scam. Boingboing points out that there’s a Wikipedia page to keep track of animals with fraudulent diplomas to make it easier to comparison shop for that next fake certificate.
If you’re going to school at a Florida state university, your fee burden just grew a little bit lighter:
R. Preston McAfee, a Cal Tech economics professor, is annoyed at how overpriced textbooks are. “‘The person who pays for the book, the parent or the student, doesn’t choose it,’ he said. ‘There is this sort of creep. It’s always O.K. to add $5.’” To fight back, he’s foregone the potential six-figure advance traditional publishing would have granted, and published his textbook online for free.