Debt

5:30am

Thu April 24, 2014
Paying For College

When Money Trumps Need In College Admissions

Originally published on Thu April 24, 2014 10:51 am

For many low-income students, economic trends are making the prospect of getting into the college of their choice, and reaching graduation, even more difficult.
iStockphoto

At some schools, the admissions process itself can work against low-income students, according to Georgia Nugent, former president of Kenyon College and a senior fellow at the Council of Independent Colleges.

Nugent says during her tenure at Kenyon, there were low-income students at the bottom of the admissions list who sometimes weren't accepted so the school could make room for more affluent students.

Read more

5:53am

Thu April 3, 2014
Paying For College

First Test For College Hopefuls? Decoding Financial Aid Letters

Originally published on Thu April 3, 2014 8:43 am

Colleges send each prospective student a letter detailing a financial aid award package — but many families say the letters are difficult to understand.
iStockphoto

Around the country, millions of parents of prospective college freshmen are puzzling over one big question: How will we pay for college?

The first step for many families is reviewing the financial aid award letters they receive from each school. But often those letters can be confusing. Some are filled with acronyms and abbreviations, others lump scholarships and loans together. And because they're often very different, they're also difficult to compare.

Read more

5:56am

Thu March 27, 2014
Paying For College

Senator Warns Of A Student Loan Bubble

Originally published on Mon March 31, 2014 10:18 am

Sen. Tom Harkin, D-Iowa, presents a Senate report on for-profit colleges in 2012. He wants changes to the federal student loan system.
J. Scott Applewhite AP

Each year, the federal government provides more than $150 billion in grants and loans to help students pay for college. And while a bachelor's degree has become increasingly valuable, young people are taking on record levels of debt to earn that degree.

Read more

5:33am

Tue March 25, 2014
Education

Maze Of College Costs And Aid Programs Traps Some Families

Originally published on Tue March 25, 2014 10:11 am

iStockphoto

In the past 20 years, the average burden for a four-year college graduate in the U.S. has gone from about $9,000 to nearly $30,000 today. The percentage of students carrying debt has shot up from less than half to nearly 70 percent these days.

At a large public high school in Freemont, Calif., southeast of San Francisco, Alyssa Tucker and Thao Le sit on a metal table. Both come from families with modest incomes.

Read more

4:49am

Tue March 18, 2014
Paying For College

How The Cost Of College Went From Affordable To Sky-High

Originally published on Tue March 18, 2014 11:59 am

World War II veterans and other students at the University of Iowa in 1947. That year, due to federal assistance from the GI Bill, 60 percent of the school's enrollment was made up of veterans.
Margaret Bourke-White Time Life Pictures/Getty Images

If you want to get an earful about paying for college, listen to parents from states where tuition and fees have skyrocketed in the last five years. In Arizona, for example, parents have seen a 77 percent increase in costs. In Georgia, it's 75 percent, and in Washington state, 70 percent.

Read more

Pages