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4 mai 2014

Student leaders push for state loan reform

mndaily.com | The Minnesota Daily - U of M, Minneapolis, St. PaulBy Blair Emerson. Higher education advocates say a 2008 federal law made state loans less accessible. As Congress works to renew the Higher Education Act this year, student leaders in Minnesota are pushing legislators to make state student loans more accessible. The Minnesota Student Association, the Minnesota State University Student Association and national higher education advocates say the Higher Education Opportunity Act of 2008 restricted how colleges inform students about non-federal loans, driving many students to options more costly than loans provided by the state. The law, enacted in 2010, required colleges to certify all non-federal loans through a lengthy process, said Tricia Grimes, a financial aid analyst at the Minnesota Office of Higher Education. More...

4 mai 2014

Commission of Audit: students asked to shoulder greater cost burden

http://static.guim.co.uk/static/c55907932af8ee96c21b7d89a9ebeedb4602fbbf/common/images/logos/the-guardian/news.gifBy . Loan repayments to kick in at lower income levels and students should pay 55% of the cost of a bachelor degree instead of 40%. University students would pay a greater proportion of education costs and start repaying their student loans at a lower income threshold under recommendations by the audit commission. More...

4 mai 2014

Help for students to manage debts

http://bathknightblog.com/wp-content/uploads/2011/07/telegraph-logo.jpgBy Nick Morrison. There are plenty of charities willing to help students with buying textbooks, living expenses and travel. You just have to know where to look, says Nick Morrison. For students heading to university this autumn, the financial outlook for the next three or four years has never looked more daunting. Facing tuition fees of up to £9,000 a year on top of maintenance costs, the average undergraduate will accumulate debts of almost £40,000 over a three-year course, according to the House of Commons library. Read more...
30 avril 2014

Student debt: Parents of Gen Y should stop talking and start saving

Go to the Globe and Mail homepageBy Rob Carrick. Give parents an A-plus for talking up the importance of a post-secondary education for their kids, and a C-minus for backing it up with financial help.
There are student loans, bursaries, scholarships, tax deductions and part-time work to help students pay their tuition and living costs while attending college or university, but they’re not enough. Parents need to chip in as well to keep kids out of deep debt that can take 10 years to pay off. More...

29 avril 2014

Loans liability after death – should dead students' estates pay their debts?

http://enews.ksu.edu.sa/wp-content/uploads/2011/10/UWN.jpgBy David Jobbins. Should students be pursued beyond the grave for outstanding loans? The idea has already been floated unofficially in Australia, in a report for the Grattan Institute by Andrew Norton. Now Nick Hillman, director of Britain's Higher Education Policy Institute, discusses its advantages for England in a new study of the UK and Australian loans systems. Read more...
29 avril 2014

A fairer way to lift student debt

Winnipeg Free PressBy Andrew Moreau. Tax-filing season is coming to a close. At a personal level, it's a close-up look at the web of taxes and credits that are relevant to me and my family. More broadly, it's good time to reflect on tax policies, their purposes and their fairness. The cost of higher education is getting heavy scrutiny. More...

25 avril 2014

The government should allow UK student loans to be used internationally

The Guardian homeBy Vincenzo Raimo. Unless student loans are made available for study overseas, studying a whole degree abroad will be limited to the very well-off or super bright. Study abroad is the thing of the moment: last year, we had the Department for Business, Innovation and Skills (BIS) Industrial strategy for international education talking about the government's "ambition to increase the number of UK students gaining valuable experience through overseas mobility placements". More...

20 avril 2014

Muslim students divided on sharia-compliant loans

http://static.guim.co.uk/static/7515301283cfe16f903a8b3593c8af220b510907/common/images/logos/the-guardian/news.gifBy . The government is consulting on student loans that will not involve paying interest – but some young Muslims don't see the point. Muslim students are divided about government moves to introduce student loans that comply with sharia law. While some have welcomed university minister David Willetts' recent announcement of an open consultation on the issue, others feel indifferent or oppose it altogether. More...

20 avril 2014

Instapundit’s Glenn Reynolds: Kids Are Getting Wise to Student Loan Debt

By . The idea that you have to go to college in order to be a respectable member of the middle class is "kind of weird" to Glenn Reynolds. The professor of law at the University of Tennessee and purveyor of the popular Instapundit blog, says students and parents are starting to rethink the benefits of higher education compared to the enormous costs associated with it. Reynolds sat down with Reason TV to discuss his latest work,  The New School: How the Information Age Will Save American Education From Itself.  The book examines the higher education bubble and suggests ways students, parents, and educators can remake the system. More...

20 avril 2014

New Gainful Employment Rules Focus on Graduate Loan Repayment as a Percentage of Income

The EvoLLLutionBy . On Friday, the Obama administration proposed a new set of gainful employment rules that will tighten federal oversight of for-profit colleges and universities if passed into law. The last set of regulations — which included loan-repayment expectations — were struck down by a federal judge in 2012. After that, the Department of Education went back to the drawing board to protect students from low-quality, high-debt programs while keeping access to career-focused programs open. More...

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