Anyone who has attended a public university probably knew at least one or two out-of-state students who gamed the system to get the much lower in-state tuition price. But an Army vet who has owned a home in North Carolina since 2006, says the state’s university system told her she had lived outside the Tarheel State for too long to qualify for the discounted education. [More]
As everything else seems to be getting more expensive, including the cost of education at most colleges, there are a few places of learning actually cutting the price of tuition for those who want a private school experience. [More]
College continues to get irrationally expensive, with tuition at public schools soaring 8.3 percent this year, while private nonprofit schools have upped their costs an average of 4.5 percent. According to College Board findings, the average college grad is saddled with $20,000 in loans. [More]
Once you spawn younglings, your mind starts to drift toward their future. Because it’s tough to make the circus and the New York Jets only employ so many placekickers, your thoughts will inevitably drift to college, and how much it will cost to help your kids pay to sleep through classes in the year 20XX. [More]
MTV and The College Board recently teamed up for something called the College Affordability Challenge, a contest to create digital tools that will help to make navigating the financial aid maze even slightly easier. Earlier this week, they announced the winner, a Facebook application that takes users’ info and matches them up with the most appropriate aid providers. [More]
Back in my day, paying for college meant babysitting or working as a waitress, and yes, applying to every scholarship/grant in existence. But kids these days, boy, are they getting creative when it comes to saving up funds to pay for education! [More]
A student at the University of Colorado, Boulder, is making headlines after deciding to pay for all $14,300 of his semester’s tuition in $1 bills. [More]
Responding to UC regents’ efforts to slap students with a 32 percent tuition increase, groups at UC Berkeley, UC Santa Cruz, UCLA and other schools took to the streets, 1960s style, the San Francisco Chronicle reports.
A new quarter just started this week at Marian Catholic High School in Chicago, and on the first day back, 300 students were pulled out of class and lined up outside the school, then told to contact their parents and pay their outstanding tuition or they’d have to leave. The Chicago Tribune writes that “by lunchtime, about 100 students were sent home-some confused, some embarrassed and a few angry.” The school says parents owe around $450,000 in outstanding tuition payments, far higher than usual, and that they’re trying to avoid layoffs and other budget cutbacks. Will the poor economy lead to higher attendance at public schools? “If you want a good education, you have to dish it out,” one parent told the paper.
Here are the 25 most expensive colleges for 2008-2009, based on total cost (tuition + room and board), as compiled by CampusGrotto.com. Whooie, this is some pricey book-learnin’.
Consolidation loans are no longer profitable for Sallie Mae, so it’s saying goodbye to them. SmartMoney points out that ultimately this shouldn’t matter for students taking out new loans, since the original point of consolidation—converting lots of variable rate loans into a nice predictable fixed rate loan—is no longer relevant (all federal student loans are now disbursed with fixed interest rates.) SmartMoney says if you still have variable rate loans you need/want to consolidate, check out the government’s consolidation offering—”You’re likely to pay the same consolidation rates you’d pay if you did so with Sallie Mae,” they write.
Student loan lender Sallie Mae said today it plans on making fewer loans in the future “in the wake of federal legislation last year to reduce subsidies for student lenders,” reports Reuters.
Want a college education but don’t want to go into debt over it? If your interests happen to coincide with the specific curricula at certain “tuition-free” schools, you might actually be able to get away with it. “There are only a handful of such schools in the U.S., which is one reason they are often overlooked by students, parents, and high school guidance counselors during the college search,” says a senior policy analyst at the College Board.
It’s Saturday morning, also known as Kids Run Wild Day, when you begin your weekly 48-hour endurance challenge and dream of the relative peace that will come on Monday when you return to work. But what if your kid isn’t school age yet? Preschool “tuition” can be more expensive than a well-groomed drug habit, all but guaranteeing poverty until you can ship the tyke off to kindergarten. SmartMoney notes that on average, preschool tuition now runs $7,000 per year, and they offer a few alternatives for the cash-strapped owner of a 3-year-old.
There are two types of 529 plans: pre-paid tuition plans and college savings plans. All fifty states and the District of Columbia sponsor at least one type of 529 plan. In addition, a group of private colleges and universities sponsor a pre-paid tuition plan.
You can learn more about 529 plans at the Security & Exchange commission’s website, and compare them at Bankrate.com. Keep in mind: Not all 529 plans are the same, some are better investments than others.
Some state colleges and universities have started charging different undergraduate tuition rates depending on what the student decides to major in. Business majors at the University of Wisconsin pay $500 more each semester than do their liberal arts peers. Graduate schools have been doing this for years: Law school and med school tuition tends to be more per term than, say, an advanced degree in comparative literature. But is it fair?