"This week, the Congressional Budget Office projected that the federal government would earn roughly $127 billion from student lending during the next 10 years," Slate's Moneybox reports.
"The White House on Wednesday rolled out two job-training grant programs that focus on the community college sector. Both push for closer ties between colleges and employers," Inside Higher Ed reports.
"With total student loans exceeding $1 trillion, one must ask 'is the tassel worth the financial hassle' when it comes to spending for prestigious colleges," Manisha Thakor, founder and chief executive of MoneyZen Wealth Management LLC, writes in a Wall Street Journal opinion piece.
"Beginning next month, the massive open online course provider Udacity will cut the first O from the acronym and only offer MOCs. Founder Sebastian Thrun ... in a blog post announced Udacity will stop issuing free course completion certificates on May 16," Inside Higher Ed reports.
"The investment that government -- both federal and state -- makes in financial aid to students, who then pay that money to us so that we can use it to deliver our programs, is certainly considerable, and we need to be good stewards of it, so that students are well-served and taxpayers' dollars well-spent. If those ends are to be achieved, some regulation will be necessary. So, how much is just right?" David R. Anderson, president of St. Olaf College, writes for Inside Higher Ed.
"Under new legislation, California universities and state campuses would set aside $9.2 million for loans to undocumented students currently ineligible for federal financial aid," ABC News 10 reports.
"Yesterday, the Congressional Budget Office announced some more good news for members of Congress: For the third consecutive year, the Pell Grant funding cliff is smaller and further away than we thought," the New America Foundation's EdCentral reports.
"Today's students attend college for a variety of reasons, and whether enrolled in a degree/certificate program or personal enrichment course, everyone wants their money's worth. But how exactly is 'value' assessed?" Michelle Asha Cooper, president of the Institute for Higher Education Policy, writes in The Huffington Post's The Blog.
A legislative change, effective July 1, 2013, mandated that students who are otherwise eligible may only receive federal subsidized loans for 150 percent of the published timeframe for their program of study. We want to hear from you! Share with your colleagues the language/verbiage your institution is using to inform students of this change in the comments section and scroll through to see what other NASFAA members have to say.
"The U.S. Department of Education is forecast to generate $127 billion in profit over the next decade from lending to college students and their families, according to the Congressional Budget Office," The Huffington Post reports.
"One common reason students go to college, or to some other form of education after high school, is to get training that will lead to a job. A good job—one that makes the training they got worth whatever money and time they spent and worth whatever debt they had to take on," the Department of Education's Homeroom reports.
While current college calculators offer simple information, creating a more robust tool for students considering college options could allow the inclusion of important non-cost factors, according to a new report from California Competes. The report details California Compete’s effort to create the College Considerator to help students consider college options, including issues of affordability and intangible factors like the “life-enrichment value” of college.
"Moody’s, which rates more than 500 public and private nonprofit colleges and universities, downgraded an average of 28 institutions annually in the five years through 2013, more than double the average of 12 in the prior five-year period," Bloomberg reports.
"Gov. Bill Haslam's signature proposal to create a program that would cover tuition at two-year colleges for any high school graduate is headed to his desk after passing the House on Tuesday," the Associated Press reports.
"A 2015 budget plan narrowly approved by the House of Representatives late last week would impose major cuts on higher education, including a 10-year freeze on Pell grants and reduced funds for student loans," Diverse Issues in Higher Ed reports.