Kelli Space, 23, graduated from Northeastern University in 2009 with a bachelor's in sociology — and a whopping $200,000 in student loan debt. Space, who lives with her parents and works full-time, put up a Web site called TwoHundredThou.com soliciting donations to help meet her debt obligation, which is $891 a month. That number jumps [...]
Over the Thanksgiving holiday I asked my niece, a college senior, how much her classmates were borrowing to pay for college. She regaled me with the tale of one student who took out a $100,000 loan to study abroad in Australia. That kind of borrowing is one example of the student loan bubble I wrote [...]
The U.S. House of Representatives passed a spending bill on Wednesday that would close a $5.7-billion gap in the Pell Grant program and avert a cut to the maximum award. The spending measure, known as a continuing resolution, would finance the government through the end of the current fiscal year, September 30. While it would [...]
Figuring out which colleges will help your child prosper can be difficult because each college claims to be uniquely better than all others. Luckily, figuring out which fund will help your college savings prosper is much easier: There are several independent analysts who have already done the hard work of identifying the college saving funds [...]
Parents who fill out the Free Application for Federal Student Aid, or FAFSA, are often shocked by how much the federal government thinks they can afford to pay for college when they receive their official "Expected Family Contribution," or EFC. Those who have investigated exactly how the government calculates the EFC say there's a reason: [...]
A college degree is a big purchase. It is also a mysterious one. In many cases, families don't know the bottom-line price they will pay at a particular college until the financial-aid award letter arrives, often mere weeks before their son or daughter must make a decision about where to enroll. Even then, deciphering the [...]
College endowments returned an average of 12.6 percent in fiscal 2010 — and, unusually, the smallest endowments performed better than the largest ones, according to preliminary data from 80 colleges and universities gathered for the comprehensive Nacubo-Commonfund Study of Endowments to be released in January. Read more...
Debra Randall's son got a year's worth of college textbooks for free. Kevin Makler has already amassed $3,000 in a special college savings account for his 10-year-old twins - without putting in a dime of his own money. Both families collected rebates of 10 cents here, $5 there, from various e-coupons and credit card rebates [...]
Outraged by $50,000 sticker prices for college? That's so 2009. At least one college has broken the $60,000 barrier this year. And if colleges keep raising tuition the way they have in recent years, several more colleges will cross that psychologically important price line soon. Sarah Lawrence College, in Bronxville, NY, tells parents that its [...]
College graduates today face a dismal job market and often carry with them thousands of dollars in student loan debt. And yet, the price tag for a year's worth of study at America's most expensive colleges is close to $60,000. Overall, tuition costs at private colleges are up 4.5% since last year. Read more...