"Families in San Francisco have passed an important milestone when it comes to saving for college, and officials hope it means big things for the city's youngest residents," CNNMoney reports.
"Rachael Collyer graduated summa cum laude from Ohio State University this month, but the celebration has been subdued as she contemplates how to repay $28,000 in student loans," The Columbus Dispatch reports.
"A group of six Democratic members of the U.S. House of Representatives on Thursday introduced legislation that would reinstate Pell Grant eligibility for incarcerated college students," Inside Higher Ed reports.
"As this year’s crop of college graduates don their caps and gowns and listen to inspiring commencement addresses before embarking on uncertain futures, they’ll also hear a lot about the consequences of the large debts most of them amassed attaining a degree," Nick Hillman, associate editor of the Journal of Student Financial Aid, writes in an opinion piece for The Conversation.
"The Class of 2015 is glad the unemployment rate is lower, but young Americans still don't necessarily like their odds for employment," Main Street reports.
"A Lynchburg woman has pleaded guilty to several federal fraud charges in a scheme to defraud a student loan program and insurance companies," The Associated Press reports.
"America must break its 'addiction' to bachelor’s degrees and become better acquainted with the financial benefits of one- and two-year degrees and certificates, an education researcher argued at a recent panel discussion about what level of higher education it takes to break into the middle class," Diverse: Issues in Higher Education reports.
"Cuyahoga County's high-profile program that established a $100 college savings account for every kindergartner is expected to be dismantled at the end of the year," The Cleveland Plain Dealer reports.
"The big for-profit colleges were back in court in Washington again this morning, arguing to a federal judge that the Obama Administration did not have the power to subject them to even the most minimal standards of accountability for leaving their students with overwhelming debt," attorney David Halperin writes in The Huffington Post.
Years after the recession, its impact on state funding is still affecting colleges and students, according to a new report from the Center on Budget and Policy Priorities.
"In 2008, I became the first person I know of to transfer from Santa Monica College, an urban community college with a student population of 34,000, to Amherst College, an elite, private institution of 1,800 students. At the time, I didn’t grasp the significance of that step," Laura Huober writes for The Chronicle of Higher Education.
"A report released this month by the national Center on Budget and Policy Priorities looked at states across the country that cut their higher education budgets in the wake of the 2008 economic downturn," West Virginia Public Broadcasting reports.
"Both students and parents have high expectations for students’ first jobs after college graduation, which reflects higher levels of employment overall and a desire to maximize the investment of a college education, according to a new survey," NerdWallet reports.
"When Harvard University’s endowment fell by more than $10 billion during the 2008 financial crisis, it was a blow to the institution. But a lot of college presidents across the country considered the loss -- and the remaining $26 billion in Harvard’s endowment -- and thought that perhaps there were worse problems to have," according to Inside Higher Ed.
"Imagine graduating from college without a dime in debt. No monthly loan payments to Navient, AES or Great Lakes. No calculation of whether to take that dream job paying peanuts or settle on one offering enough money to quickly lift you out of the hole," according to The Washington Post's WonkBlog.