"Students likely will be insulated from $90 million in cuts the McAuliffe administration is seeking this fiscal year and next from Virginia’s public colleges and universities," The Washington Post reports.
"[KPMG] released its annual survey of 120 senior executives, mostly chief financial officers, chief academic officers, and controllers, at public and private colleges across the country," according to The Chronicle of Higher Education's The Ticker blog.
Income level, living expenses, and repaying their own student loan debt prevents many parents from savings for the higher education expenses of their children, according to a survey from the Certified Financial Planning Board of Standards (CFP Board). While 83 percent of the 1,003 parents surveyed are currently saving or have plans to start saving for their children’s higher education, 17 percent of parents are not and said they have no plans to do so.
"College is often seen as central to the American Dream, a pathway to upward mobility for rich and poor alike. But the numbers show higher education is a road taken far more often by the haves than the have-nots," Goldie Blumenstyk writes for The Chronicle of Higher Education.
"Measuring the job-market returns of college credentials is complex work, according to researchers who gathered here this week for a meeting on higher education data. That makes it challenging, or even risky, for policy makers to use those metrics to hold colleges accountable," Inside Higher Ed reports.
"Charter One Bank and its parent company, Citizens Bank, said Tuesday it will become the first national bank to offer refinancing of federal student loans," the Beacon Journal reports.
"[S]ome colleges do offer 'employment guarantees.' Understanding the promise—and motives—behind those efforts, though, turns out to be more complicated than the simple phrase suggests," according to The Chronicle of Higher Education.
"Imagine this: Completing four years of college without seeing your tuition increase even once. A bill that has begun advancing in the New Jersey Legislature would make that a reality," NJ.com reports.
"Last year was a difficult one for college admissions -- with institutions reporting more and more difficulty filling their classes. Things aren't any better and they may be a little worse, according to the 2014 Inside Higher Ed Survey of College and University Admissions Directors," Inside Higher Ed reports.
"For all the innovation at community colleges today, it is curious that a 50-year-old conception of open access is considered so untouchable," Juliet Lilledahl Scherer, president of the Midwest Regional Association for Developmental Education, and Mirra Leigh Anson, director of the Upward Bound Project at the University of Iowa, write in and essay for The Chronicle of Higher Education.
"I've seen a lot of buzz among grad-school friends lately about Good and Cheap, Leanne Brown's cookbook of 'delicious meals available to those on even the most strict of budgets,'" Dan Royles, a visiting assistant professor of U.S. history at Richard Stockton College of New Jersey, writes in Vitae.
Students, parents, and members of the media aren’t the only stakeholders questioning the rising costs of attending college. Policymakers have inquired about it so many times that the Congressional Research Service (CRS) recently investigated, too.
"As universities cover more of the tuition bill than ever before, they're devoting most of that money to helping students without the resources to pay full price," according to U.S. News & World Report.
With student loan borrowing and financial literacy continuing to be a national concern, many financial aid offices are taking proactive steps to better educate their students on loans, personal finance, and budgets. NASFAA recently reached out to its membership to find out how aid administrators are helping their students become more financially literate – here are four strategies your peers have found success in using.
Can you guess what Suze Orman, author and host of a show by her name, considers the nation’s biggest financial crisis?