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4 novembre 2013

Higher education: A euphemism for debt - A fresh take

http://profile.ak.fbcdn.net/hprofile-ak-prn2/276439_21678484057_1555522661_q.jpgBy Kelli Reeder. America’s priorities are out of order. It seems that every year, government officials voice the need for a better education system. This cannot be ignored, and every year it seems to be pushed down on the list of priorities. A lot of people point to low teacher wages, poor quality elementary and high school classes or facilities as the biggest issues with education, but the issue with the biggest effect on America as a whole is the growing price of college tuition.
Paying for college is nearly the only thing that I’m working toward right now, other than trying to keep up in my classes.
Paying for college doesn’t always seem like a huge problem, but then I realize the true costs and trade-offs that come with it. Working is very important to me because that’s how I pay for school, but it’s funny how going to school and working plays out — I want to work as much as possible so I can pay for school, but I also want to have time to actually attend class, do well and succeed. By giving up hours of work, I get better grades, but I also can’t afford to pay for my next semester.

4 novembre 2013

Student debt crisis? No, expectations crisis

http://beta.images.theglobeandmail.com/media/www/images/flag/gam-masthead.pngBy Margaret Wente. Student debt in Canada is crushing – at least, that’s what we’re led to believe. 
Soaring tuition fees and an iffy job market mean that many graduates will be paying off their student loans for years to come, we’re told. Today’s graduates say they’re delaying major life milestones (marriage, house, family) in order to pay back their debts. As one news story put it: “With ever-increasing tuition fees … some students are starting to question whether a degree is an affordable option.” More...

4 novembre 2013

A Revenge Scenario For Student Loan Borrowers

http://thehairpin.com/assets/logo.pngBy Christina Fitzpatrick. Years ago, a troubled co-op board in Harlem rented me an apartment that was uninhabitable. 
I wrote a few letters, stopped people in the laundry room, and tried to bargain kindly, until finally I went downtown to a courthouse. The woman who spoke to me was harried and tired. She asked three questions before concluding I had no rights in the matter. She shouted, “Next!” 
Out of frustration, not willfulness, I stayed put. I kept talking. My eyes began to tear, then brim, like some damsel crashing a wedding with a gun.

4 novembre 2013

Debt-Free Degrees

http://www.insidehighered.com/sites/all/themes/ihecustom/logo.jpgBy David Bergeron and Steven Klinsky. In many respects, higher education in the United States – with credits awarded on time a student sits in a chair – remains trapped in the 19th century and has been slow to embrace technology. Online education from traditionally accredited colleges has been available since at least 1999, but almost always at the same high tuition cost as the traditional “physical” courses. New ideas, such as tuition-free massive open online courses (MOOCs), are now emerging, but are generally not accredited. Read more...

3 novembre 2013

Shortfalls highlight need for new student loans system

http://t3.gstatic.com/images?q=tbn:ANd9GcQOQ2e8mceWyPVVFcJDlyvxthNhmSR7fCNS1SUDStQIOlwqvtcjS6qaiABy Hiep Pham. Despite the need to deal with a rising budget deficit, Vietnam this year decided to raise the amount available for student loans by almost 40%, after funds available from government fell short of demand for loans. The increase represents a considerable effort to maintain support for disadvantaged students.
The loan amount will increase from VND800,000 (US$38) per month per student, as stipulated in a 2007 government regulation, to VND1.1 million (US$52) per month, taking effect in the 2013-2014 academic year.
However, every year government funds for student loans fail to keep up with growing demand for higher education, opening up a debate on more radical measures to deal with loan shortfalls and student finance that would balance the need to widen university access with maintaining quality. More...

30 octobre 2013

A first degree shouldn't cost a second mortgage

 

http://www.nteu.org.au//var/files/thumbs/a780532dd116f8da145bac8c4c7961bc_8a38dc68e2383da3842d24aca6a40553_w900_.jpg

28 octobre 2013

Let OSAP teach financial management

 

 

http://t2.gstatic.com/images?q=tbn:ANd9GcQWMTBx0CPzMFK637Zb6AgNbjhxfVRtTVkrwKoq4ZPL2p18KKWOEwB3AWIBy Julienne Bay. How students on scholarship could learn to manage their debt.
Please note that this article has been revised with updated information about OSAP's six-month grace period and average student debt.
An average Canadian full-time undergraduate student in the 2012-13 academic year paid $5,581 in tuition fees, according to Statistics Canada. That is five percent more than the previous academic year, which in turn was 4.3 percent higher than the year before that. Despite rising tuition fees, enrolment in postsecondary education shows no signs of slowing down. In 2012, more than a million students confirmed their acceptance to first-year undergraduate studies, according to the Association of Universities and Colleges of Canada. That figure doesn’t include college applicants. More...

27 octobre 2013

New Database Helping Student Loan Borrowers

 

 

http://www.insidehighered.com/sites/all/themes/ihecustom/logo.jpgMore than 330 consumers have received financial compensation as a result of complaints they have made on a new federal database about the lenders for their student loans, according to a report released Thursday by the U.S. PIRG Education Fund. The report examined the results of complaints filed with the new Consumer Financial Protection Bureau's public Consumer Complaints Database. The 330 represent about 8 percent of all complaints filed. Another 500 borrowers (about 12 percent of complaints filed) had complaints closed with non-monetary agreements, such as changes in collection proceedings. Read more...

27 octobre 2013

Income-Based Loans Made Simple

 

 

http://www.insidehighered.com/sites/all/themes/ihecustom/logo.jpgBy Michael Stratford. The array of different repayment options on federal student loans should be replaced with a single, income-based repayment system that automatically deducts payments from borrowers’ paychecks, according to a new policy proposal published Monday by the Brookings Institution’s Hamilton Project
The paper argues that the current federal loan system (including its income-based repayment options) does not do a good job of preventing defaults because it is too complicated and burdens young workers with large payments when they are least able to handle them. Read more...

21 octobre 2013

Study Finds Higher Rates of Student Loan Borrowing, Fewer in Repayment

http://www.insidehighered.com/sites/all/themes/ihecustom/logo.jpgStudents who completed an undergraduate program in 2007-8 were more likely to borrow money to pay for college but less likely to be repaying those loans within a year of graduation compared with their counterparts who graduated in 1992-93 and 1999-2000, a new federal report shows.
The report, released Thursday, analyzes the borrowing and repayment trends of bachelor’s degree recipients within a year of graduation for three cohorts of students. Read more...

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