Cost / Scholarships
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58 Articles and Resources. Go to: [Next 8]
Date Fairness.com Resource Read it at: Jan 07, 2013 Marijuana use is too risky a choice
QUOTE: In 1943, Vice President Henry Wallace published a book celebrating the coming "century of the common man." That century did not last very long. We have transitioned instead into the era of the clever man and clever woman. We have revised our institutions, our programs, our rules in ways that offer profitable new chances to those with cultural know-how -- and that inflict disastrous consequences on those who are overwhelmed by a world of ever-more-abundant and ever-more-risky choices.
CNN (Cable News Network) Nov 30, 2012 Aid Changes Raise Issue of Diversity at Colleges
QUOTE: a number of prestigious smaller colleges are straining to meet students’ financial needs. To bridge the gap, some colleges have begun revising their financial aid formulas, raising concerns about how campus diversity — both economic and racial — might be affected.
New York Times Aug 23, 2012 Is Private School Not Expensive Enough?
QUOTE: To the extent that any family with the wherewithal is paying less than the full cost of the product it is buying through combined tuition payments and donations, that family is effectively being subsidized by other current and past donors. Not only is this ethically unsupportable, but ultimately, it is also financially unworkable.
New York Times Nov 26, 2011 $5.3B goes to students who government says don't need it
QUOTE: Elite universities such as Harvard, Yale and Stanford give aid to families earning as much as $200,000, which less-selective schools say puts pressure on them to also offer grants to higher-income families. Education experts say such subsidies mean less help for lower- and middle-income students, who fall deeper into debt to pay tuition.
USA TODAY Sep 25, 2011 Controversy erupts over Campus Republicans bake sale plans
QUOTE: baked goods will be sold to white men for $2.00, Asian men for $1.50, Latino men for $1.00, black men for $0.75 and Native American men for $0.25. All women will get $0.25 off those prices....a statement about pending legislation that would let the California universities consider race or national origin during the admission process.
CNN (Cable News Network) Apr 30, 2011 Law Students Lose the Grant Game as Schools Win
QUOTE: [grading at many law schools] all but ensures that a certain number of students... lose their scholarships and wind up paying full tuition in their second and third years...
New York Times Feb 17, 2011 In Puerto Rico, Protests End Short Peace at University
QUOTE: “We still have a very volatile situation,” said Maritza Stanchich, an English professor who has supported the students. “This all started out over anger about the new fees that were being imposed, but the issues have expanded to the style of governance and the lack of negotiation.”
New York Times Jun 15, 2010 U.S. Education Dept. Delays Rules on For-Profit Colleges
QUOTE: The Education Department said Tuesday that it had split off and delayed a decision on the most controversial part of proposed new student-aid regulations — the treatment of for-profit college programs whose graduates do not earn enough to repay their loans. While a package of proposed new student-aid regulations was released Tuesday, a department official said no decision had been reached about what debt-to-income ratio would make for-profit programs ineligible for federal aid.
New York Times Jun 06, 2010 Understanding how colleges hand out aid can improve your chances
QUOTE: the FAFSA considers fewer assets than the Profile; it ignores home equity as well as the assets of family-business owners with 100 or fewer full-time employees. If you have significant wealth in home equity or in a small family business, the institutional formula will penalize you. The federal formula will not.
Washington Post Jun 06, 2010 Colleges offer grants, work-study to reduce students' debt
QUOTE: More than 50 colleges -- including elite private schools and flagship state universities in Virginia and Maryland -- have eliminated or capped loans in their financial aid portfolios for some or all students, promising enough aid in grants and work-study to cover most of the gap between what they charge and what each student can afford to pay. At a handful of private universities with sizable endowments, including Princeton, Harvard and the University of Pennsylvania, the goal is quite literally to eliminate loan debt for most graduating seniors.
Washington Post Jun 04, 2010 Student Debt and a Push for Fairness (Your Money)
QUOTE: It’s nearly impossible to get rid of the debt in bankruptcy court, even if it’s a private loan from for-profit lenders like Citibank or the student loan specialist Sallie Mae.
New York Times May 14, 2010 Student’s Arrest Tests Immigration Policy
QUOTE: after protests by Latino groups, demonstrations at the Georgia Capitol by her sorority sisters and a letter of support from the university’s president, the Immigration and Customs Enforcement agency granted a one-year deferral on her deportation so she could finish college. The “deferred action” means she could still be deported, but will be allowed to apply for an extension next year.
New York Times Jul 31, 2009 Do Public Colleges Rip Off Students?
QUOTE: the budget crises, especially California’s, have the institutions [public universities] approaching a tipping point at which the democratic dynamism of the public research university turns into a sloppy copy of the famous private research universities
May 02, 2009 Fair Game: Students’ First Lesson: Beware Loans’ Fine Print
QUOTE: lenders do not disclose all fees charged in the servicing and collection of student loans, and loan contracts do not always include benefits that are promised in lender advertisements — like the possibility of a lower interest rate after graduation. Most troubling, some lenders ask students to sign promissory notes obliging them to pay off their loans before they are told what interest rate they will be charged.
New York Times Jul 01, 2008 Textbook Piracy Grows Online, Prompting a Counterattack From Publishers
QUOTE: In response to such sites, the Association of American Publishers hired an outside law firm this summer to scour the Web for illegally offered textbooks. Already the firm has identified thousands of instances of book piracy and has sent legal notices to Web sites hosting the files demanding that they be removed. The group is looking for all types of books, though trade books and textbooks, which generally have high price tags, are the most frequent books offered on peer-to-peer sites.
Chronicle of Higher Education Jun 18, 2008 Bill Promotes Universal College Loans
QUOTE: Responding to reports that some lenders have stopped offering federal loans at community and other colleges, two Democratic senators introduced legislation Tuesday to prohibit lenders from picking and choosing among institutions. Under the proposal, lenders that participate in the federal loan program would have to extend credit to any eligible student, regardless of such things as income or the number of years of education, as long as the college is part of the program.
New York Times Jun 02, 2008 State Dept. Reinstates Gaza Fulbright Grants
QUOTE: after word of the grant withdrawals got out, senior American and Israeli officials expressed surprise and outrage, saying that training ambitious and talented young people under Fulbright grants was one of the ways to help blunt the appeal of radical forces in Palestinian society.
New York Times May 14, 2008 Sallie Mae error caused credit scores to plummet
QUOTE: Some Sallie Mae student loan holders may have gotten nasty surprises if they checked their Equifax credit scores after Thursday last week. Their credit scores, based on their Equifax credit files, had plummeted overnight, thanks to a coding error made by Sallie Mae.
Bankrate.com Jan 27, 2008 Arizona Law Takes a Toll on Nonresident Students
QUOTE: ...[a new Arizona law] forbids college students who cannot prove they are legal residents from receiving state financial assistance...the law also prohibits in-state tuition for illegal immigrants. “I see it as a very cruel law,” [said one student]..."These are people who have basically lived in America their whole lives, know nothing else, and now their shot at the American dream is gone.”
New York Times Jan 21, 2008 Investigation of Study Programs Widens
QUOTE: Questions about study abroad programs were raised in an article in The New York Times last summer that described how some program providers offer colleges rebates, free and subsidized travel, unpaid seats on advisory boards, help with back-office services, marketing stipends and other benefits. Critics say the arrangements...can limit students’ options and result in higher prices for those seeking international experience.
New York Times Dec 29, 2007 Harvard’s Aid to Middle Class Pressures Rivals
QUOTE: By substantially discounting costs for all but the very wealthiest students, Harvard shook up the landscape of college pricing...Some [college] administrators say there will now be pressure to provide more merit aid to relatively wealthy high achievers, reducing the amount available to poorer students.
New York Times Oct 22, 2007 College Costs Rising Rapidly
QUOTE: Tuition and fees at public and private colleges and universities rose at more than double the rate of inflation, the College Board said in reports released this morning. One report found that while the pace of increase has held steady at four-year private institutions, it has picked up at public ones.
New York Times Oct 20, 2007 Confusion Cited In Overpayments To Student Lenders: Subsidy Loophole Cost U.S. Government Millions
QUOTE: Although some subsidy payments in the 9.5 percent program are broadly accepted as legitimate, critics have questioned aggressive financing techniques that lenders used in recent years to expand the volume of loans that qualify for the lucrative subsidy. Auditors for Education Department Inspector General John P. Higgins Jr. concluded that some of those techniques failed to meet criteria that would qualify the lenders for payments.
Washington Post Aug 17, 2007 Commercial College Ordered to Repay U.S. $2.5 Million
QUOTE: The parent company of Interboro Institute, a commercial college in New York City that a state investigation found had cheated in determining student eligibility for government financial aid, has been ordered to repay the federal government about $2.5 million...
New York Times Aug 02, 2007 Top Private Education Lender Cuts Jobs: GAO Report Faults Industry Oversight
QUOTE: EduCap... laid off scores of workers yesterday and is considering shutting its loan business as federal officials investigate whether it has abused its tax-exempt status, according to current and former employees.
Washington Post Jul 25, 2007 Senate Adopts Ethics Crackdown on Student Loan Industry
QUOTE: The Senate on Tuesday overwhelmingly approved a bill that bars student lenders from giving gifts, trips or other perks to college officials, with lawmakers citing recent investigations showing that loan companies had used such incentives to get colleges to steer student borrowers their way.
New York Times Jul 19, 2007 Nonprofit Student Lenders Scrutinized: Probe Called for on Tax Status
QUOTE: The chairman of the House education committee called yesterday for an investigation into whether nonprofit student loan companies are abusing their tax-exempt status.
Washington Post Jul 12, 2007 House Backs Increasing Student Loans: Republicans, Senate Proposal Lean More Toward Grants
QUOTE: Lending companies said the subsidy cuts would drive many of them out of business and prevent them from passing benefits on to students .... But Education Secretary Margaret Spellings signaled support for the Senate version, which she called "a good, strong step forward."
Washington Post Jun 21, 2007 Student Loan Overhaul Advances: Votes Expected By House, Senate
QUOTE: Federal and state investigations have found conflicts of interest among lenders, universities and government regulators....Many Democrats have long decried subsidies to the lending industry as a waste of taxpayer dollars and have promoted direct lending by the government to students. Republicans have generally sided with the lending industry, contending that the companies bring needed competition to the market.
Washington Post Jun 06, 2007 Cuomo Broadening Inquiry Into Student Loans
QUOTE: Attorney General Andrew M. Cuomo of New York, whose scrutiny of student loans exposed secret ties between universities and lenders, said today that he was broadening his investigation to examine the criteria lenders use when making loans and whether they violated civil rights statutes. .... He suggested that students at historically black colleges and universities were sometimes hit with more onerous interest rates and fees than other students.
New York Times May 22, 2007 Johns Hopkins Aid Official Resigns: Student Loan Scandal Repercussions Affect Columbia, Too
QUOTE: The financial aid directors at Johns Hopkins and Columbia universities have been forced out of their posts amid revelations that they received payments or gifts from loan companies they recommended to students.
Washington Post May 14, 2007 Borrower, Be Wary: Those student loan rebates and discounts aren't always as alluring as they seem. You have to scrutinize the terms to get a good deal
QUOTE: Shopping for a student loan should be a snap. After all, the U.S. government caps the interest rates and fees on federally backed college loans, which account for the vast majority of borrowings. What complicates the process is that lenders try to lure borrowers with an array of interest-rate discounts and rebates on fees and principal, all of which make apples-to-apples comparisons nearly impossible for parents, let alone college kids.
BusinessWeek Apr 27, 2007 Probe Launched on Sallie Mae Collection Tactics
QUOTE: Sallie Mae, the nation's largest student loan company, may have violated federal laws by repeatedly using aggressive tactics to collect loans from student borrowers, Senate investigators said yesterday.
Washington Post Mar 20, 2007 Lawsuit Says Education Dept. Overcharged on Student Loans
QUOTE: The suit, filed in U.S. District Court in Washington, says a complex billing problem affected Americans with consolidated loans that totaled more than $72 billion. The suit says the department essentially imposed late fees on borrowers even though their payments were made on time.
Washington Post Feb 05, 2007 A Bid for Better Student Loans: Billions Could Be Saved by Having Banks Compete for Subsidies
QUOTE: The right to originate loans guaranteed against default by taxpayers is something of great value that the government currently gives away for free to the banking industry. Why shouldn't banks have to bid against one another to secure this sure source of profit, especially when it's the taxpayers who create this "business opportunity"?
Washington Post Jan 17, 2007 Web Sites Challenge the Textbook Goliaths: The biggest, Chegg.com, has scored $2.2 million in funding. The idea: sell cheaper books to students, bypass the textbook monopolies—and make money
QUOTE: How often does someone have the authority to order consumers to purchase a product with a limited number of vendors? University professors have just that power...
BusinessWeek Oct 20, 2006 Treasury to address 529 plan loopholes
QUOTE: The bill also instructed the Department of the Treasury to close the loopholes that could allow the wealthy to use 529s to sidestep estate and gift taxes.
Bankrate.com Sep 28, 2006 Panel urges higher-ed overhaul
QUOTE: Given the public's consternation over tuition spikes, there's widespread agreement on the need for talk. But agreement breaks down when it comes to defining and solving the problems. Some critics are suspicious that the drumbeat for "accountability" - from the administration that created the testing regimen of No Child Left Behind - will lead to government intrusion and a narrowing of higher education to what can be quantified and compared.
Christian Science Monitor Sep 13, 2006 Harvard's fairness lesson
QUOTE: Harvard has come to believe that the practice unfairly favors students from sophisticated high schools and families -- and that binding programs favor those who have little concern about financial aid.
Boston Globe Sep 01, 2006 Education Dept. Shared Student Data With F.B.I.
QUOTE: “This operation Strikeback confirms our worst fears about the uses to which these databases can be put,” said David L. Warren,“The concentration of all this data absolutely invites use by other agencies of data that had been gathered for very specific and narrow purposes, namely the granting of student aid to needy kids.”
New York Times Jul 19, 2006 Colleges Make Way for Internships
QUOTE: as many as half of all internships are unpaid or low-paid...Some students even effectively end up paying tuition to do unpaid internships because some companies, concerned about labor laws, require students to receive academic credit for the experience.
New York Times Jun 14, 2006 Poor Students Were Charged for Free Tests, Inquiry Finds
QUOTE: Three of the city's most elite high schools improperly charged poor students a total of $180,000 over several years to take Advanced Placement exams...
New York Times May 24, 2006 Kirsanow: Transparently Illegal: Racial preferences at colleges carry the weight of a freight car.
QUOTE: Furthermore, in most states illegals from preferred minority groups are eligible for preferences that improve profoundly their chances for admission to college. Illegal immigrants now can be used to improve campus “diversity”.
National Review Dec 18, 2005 Ghosts of a Shuttered College Follow Weld Back Into Politics
QUOTE: ...no one who has stepped forward has said Mr. Weld was told directly of wrongdoing. The story of Decker College is a cautionary tale about the pitfalls facing commercial colleges as they seek to build profits by recruiting struggling students eligible for financial aid while honoring their obligations as educators and stewards of federal loans.
New York Times Dec 15, 2005 Suit Challenges California's Tuition Rule for Illegal Immigrants
QUOTE: About three dozen students filed a lawsuit against the University of California on Wednesday, charging that it had violated federal law by allowing illegal immigrants to pay in-state tuition rates at its campuses while maintaining higher rates for out-of-state students.
New York Times Dec 06, 2005 A College Is Accused of Cheating in Aid Process
QUOTE: The New York State Education Department said yesterday that it had found instances of cheating by admissions and financial aid officers at Interboro Institute in New York City that were intended to help enroll more students and make them eligible for federal and state financial aid.
New York Times Aug 31, 2005 4 scholarships scams to avoid
QUOTE: ...thousands of students and their parents get taken every year by con artists promising -- but never delivering -- money for college. The Federal Trade Commission warns about these seductive statements that might signal potential fraud....
Bankrate.com Aug 17, 2005 Understanding prepaid tuition plans
QUOTE: Prepaid tuition plans are considered a resource, just like a scholarship. That means you'll see a dollar-for-dollar reduction in aid when you use these plans. Savings plans, however, are considered an asset.
Bankrate.com May 24, 2005 Consolidating loans locks in rate, but grace period goes
QUOTE: there's a downside to consolidating in school: Borrowers lose their grace period, the six-month window between graduation and the time they're required to start paying off the loans....Graduates who are unemployed or facing economic hardship may qualify for an economic hardship deferment.
USA TODAY Apr 19, 2005 Wealthy Often Win in Merit-Aid Race
QUOTE: ...rising tide of "merit" or "non-need-based" scholarships -- a zero-sum game, Massa said, that is hurting the quality of undergraduate education.
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