By Nick DeSantis. Affirmative-action policies can help motivate underrepresented minority students before they apply to college and, as a result, can help narrow achievement gaps across demographic groups, concludes a report released on Monday by the National Bureau of Economic Research. More...
FBI Raids 2 Campuses of Shuttered For-Profit College
By Nick DeSantis. Federal Bureau of Investigation agents on Tuesday raided two campuses of Anamarc College as well as the home of the shuttered for-profit institution’s owners, the El Paso Times reported. More...
Australia’s U. of New England Shuts Down MOOC Project
By Andy Thomason. The University of New England, in Australia, has discontinued its MOOC program, which let students take online classes free but charged them to take examinations and receive online tutoring. “While MOOCs will continue to be offered I am sure by some of the very big providers around the world, it’s not something that a university like UNE would go at alone,” Annabelle Duncan, the university’s vice chancellor, told The Australian Financial Review. More...
For-Profit Anthem Education Files for Bankruptcy
By Andy Thomason. The Department of Education on Monday made it easier for members of the armed forces to pay lower interest rates on their federal student loans. Service members who qualify for a cap on their interest rates under the Higher Education Opportunity Act have had to request that the benefit be applied to their loans. But the department’s new guidance directs student-loan servicers to consult a government database and automatically apply the cap for qualifying borrowers. More...
Interest-Rate Cap on Loans Is Now Automatic for Qualifying Service Members
By Andy Thomason. The Department of Education on Monday made it easier for members of the armed forces to pay lower interest rates on their federal student loans. Service members who qualify for a cap on their interest rates under the Higher Education Opportunity Act have had to request that the benefit be applied to their loans. But the department’s new guidance directs student-loan servicers to consult a government database and automatically apply the cap for qualifying borrowers. More...
Student Debt in Mind, Education Dept. Renegotiates Loan Servicers’ Contracts
By Andy Thomason. The U.S. Department of Education on Friday announced it had renegotiated its contracts with federal student-loan servicers, giving them more incentives to keep borrowers from defaulting on their loans. President Obama announced plans to renegotiate the contracts in June, but Friday’s announcement provides more detail. For example, customer-satisfaction surveys will now play a larger role in how the servicers are evaluated, according to a statement from the department. More...
Stimulus Law Didn’t Protect State Financial Aid
By Chronicle Staff. Report: “The Role of State Policy in Promoting College Affordability”
Author: Jennifer A. Delaney, assistant professor of education policy, organization, and leadership at the University of Illinois at Urbana-Champaign
Publication: The Annals of the American Academy of Political and Social Science
Summary: The federal stimulus law of 2009 had a maintenance-of-effort provision that required states to hold steady the amount they appropriated for public colleges. While that measure worked generally to protect money for the institutions, state lawmakers cut student financial aid by about 12 cents for every dollar they received from the stimulus, according to the report. More...
Campus-Banking Costs Can Add Up, Report Warns
By Chronicle Staff. Report: “Campus Banking Products: College Students Face Hurdles to Accessing Clear Information and Accounts That Meet Their Needs”
Publication: Consumer Reports
Summary: Consumer Reports reviewed campus banking products offered by nine financial companies to compare their terms and calculate their costs. More...
Business Is a Big Draw for International Students in the U.S.
By Sandhya Kambhampati. Previous research has shown that international students at American colleges and universities tend to be concentrated in specific areas, such as business and engineering. Now a new report from the Brookings Institution goes deeper in telling us who these students are, which cities they are coming from, and where they end up staying. More...
How Economically Diverse Is Your College? A 'New York Times’ Ranking May Soon Tell
By Goldie Blumenstyk. The New York Times is entering the college-ratings game. Sorta. Kinda. Next month it plans to unveil "a new ranking of colleges and universities based on their ability to attract underprivileged kids." Or at least that’s how the project is billed on the agenda for the Schools for Tomorrow conference that the newspaper is holding next week in New York City. More...