By Bryan Ashton. Most people agree that students and young adults do not fully understand their own finances. While the notion of writing a check is becoming (understandably) even more foreign, concepts such as budgeting, compound interest, and saving seem beyond the grasp of many people. Study after study shows students are failing financial literacy with grades of D and F. More...
By Beckie Supiano. Each year a larger share of new graduates leave four-year colleges with student-loan debt, and the average balance of those who borrowed is higher, too. Student-loan default rates are on the rise. With those trends in motion, questions of how well students understand their debt have taken on new urgency. More...
By Beckie Supiano. Duke University is one of a handful of wealthy colleges with very generous student-aid policies. The university is need-blind in admissions and meets admitted students’ full demonstrated need. Its aid awards to the neediest students don’t include any loans, and for even the highest-income students loans are capped at $5,000 a year. More...
By Beckie Supiano. Merit aid has a bad reputation: Critics say that when colleges use it, they reduce the need-based aid available to low-income students. Jon Boeckenstedt disagrees. For many colleges, merit-based aid is a necessity, he said during a presentation here on Tuesday at the National Association of Student Financial Aid Administrators’ annual meeting. More...
By Lawrence Biemiller. Students and campus-security officials alike are increasingly turning to mobile apps to report incidents and disseminate emergency information—in part because students are “mobile-device driven,” as one university police chief puts it, and in part because those devices incorporate features, like GPS and cameras, that can come in handy when reporting a problem. More...
By Lawrence Biemiller. Butler University has joined a growing list of higher-education institutions hit by data thieves.
Butler’s president, James M. Danko, said in a letter to those who may have been affected that personal information on as many as 163,000 students, alumni, employees, and even potential applicants might have been obtained by hackers, according to The Indianapolis Star. More...
By Lawrence Biemiller. Four educational-technology businesses have filed objections to a Federal Communications Commission plan under which companies could pay extra to have their content delivered more quickly over the Internet. The companies said in a joint news release that ending the current policy of net neutrality in favor of high-speed toll lanes. More...
By Goldie Blumenstyk. With the fate of Corinthian Colleges Inc.’s 75,000-plus students now up in the air, a student-advocacy group says that many of them could have been protected from the coming upheaval if a strong “gainful employment” rule had been in effect. The Institute for College Access and Success had previously identified 114 career-focused programs where more students default on their loans than graduate. More...
By Paul Voosen. It was a remarkable result: By manipulating the news feeds of thousands of Facebook users, without their knowing consent, researchers working with the goliath of social media found that they could spur a significant, if small, effect on people’s behavior in the world beyond bits.
The year was 2010. The scientists were poking at voting patterns in the U.S. midterm elections. And when the results came out two years later, in Nature, there was barely a peep about questionable ethics. More...
By Goldie Blumenstyk. Corinthian Colleges Inc. will put 85 of its campuses in the United States up for sale and "teach out" the other 12 under a deal finalized with the U.S. Department of Education on Thursday night. Separately, it will sell its 10 campuses in Canada.
The campuses it won’t be selling enroll a total of about 3,400 students, or about 5 percent of the for-profit higher-education company’s overall enrollment. More...
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