It's all too easy to be a victim of student debt. According to the College Board, the average price of tuition, fees, room and board for an in-state student at a public college or university is $17,860 for the 2012-13 school year.
Financial planners will give you a quick list of the things you must absolutely do to pay for your child's college (529s, Stafford loans, Coverdell savings accounts, savings Bonds, home equity loans) but sometimes their advice is hard to follow in the time frame you have—and often they involve piling on more deb
Today, President Obama sort-of kind-of acknowledged a problem with Federal college student lending: Federal loans are doing nothing to improve the affordability of colleges, as colleges are just raising tuition in lockstep with increased lending, thus leaving students massively in debt for the same old degree.
Via the WSJ, President Obama is proposing debt forgiveness for student borrowers
The White House proposes that the government forgive billions of dollars in student debt over the next decade, a plan that cheers student advocates, but critics say it would expand a program that already encourages students to borrow too much and stick taxpayers with the bill.
Good news, Moms and Dads: kids are finding other ways to pay for college these days. A new study by student lender Sallie Mae shows "free money", such as scholarships, grants and financial aid have become the biggest source of college funding.
This week, the Wall Street Journal's Ruth Simon reported private colleges are now offering record financial assistance to keep classrooms full. Some schools are now seeing just 20% of the students they accepted actually enrolling, versus the usual rate of 33%.
Aspiring engineers might want to consider Florida’s public universities for their education.
The state is considering a three-year tuition freeze for students studying engineering and other “strategic areas” such as science, technology and health care, even as prices for other majors could rise.
After years of state budget cuts resulting in fewer classes, Santa Monica College has a solution. Starting this summer, certain classes will cost $180 per credit hour compared to the current price of $36 per credit hour. That's raised concerns of a two-tier system: one for those who have financial resources and another for those without.