New research uncovers problems with a ‘calculator’ that colleges must put online to make it easier for prospective students to understand the cost of college.
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While net price calculators are meant to help students figure out how much a particular college will cost, a new study reveals that many colleges' calculators distort the true cost of attendance.
Student debt has surpassed $1.5 trillion.
Mira Klein from www.flickr.com
Through "risk-sharing," colleges could be on the hook to help pay back student loans if too many students default. A scholar who studies the ethics of debt examines how risk-sharing could backfire.
New debit cards being issued by the U.S. Department of Education could be used to track student spending.
A new debit card being issued to federal student loan borrowers on a trial basis may save them time and money, but it could also enable a bank to study their spending to sell them more products.
Many of Education Secretary Betsy DeVos’ policy proposals have failed.
Although many feared that Education Secretary Betsy DeVos would destroy public education, a review of the past two years shows that much of her policy agenda has failed.
In this December 2017 photo, U.S. President Donald Trump congratulates Senate Majority Leader Mitch McConnell of Kentucky, while Paul Ryan looks on, during a ceremony at the White House after the final passage of tax overhaul legislation.
(AP Photo/Manuel Balce Ceneta)
Donald Trump may have executed a hostile takeover of the Republican party, but the GOP has been laying the groundwork for decades.
Public Service Loan Forgiveness can be difficult to get if you don’t know the rules.
A higher education professor explains the complex rules behind Public Service Loan Forgiveness, a program meant to provide debt relief to student loan borrowers who went into public service jobs.
Tanya Plibersek announced Labor’s plan to conduct a review of the tertiary education sector in March this year.
Labor has promised to review the tertiary education sector if elected next year. There are some major issues, and some examples from abroad they should consider.
For many graduates, the future looms.
AP Photo/Nancy Palmieri
A few years ago, a folklorist started gathering data on the creative ways graduates were embellishing their caps. From student debt to immigration, some themes quickly emerged.
High student debt levels and low salaries can make it difficult for graduates to get ahead.
In order to avoid colleges where graduates owe so much and earn so little that they can hardly pay back their student loans, students should ask these key questions about any college they plan to attend.
A woman walks by the New York Stock Exchange.
AP Photo/Richard Drew
Single women borrowed heavily in the run-up to the financial crisis, ensuring they suffered the most in its fallout. Will history repeat itself?
Twenty five percent of student loans are unlikely to be paid.
With HELP debt likely to increase to A$75 billion in 2020, research from the US shows offering students financial literacy courses may be a gentler way to combat student debt.
England has one of the most expensive systems of university tuition in the world.
Theresa May is under pressure to tackle tuition fees after Labour's pledge to scrap them was highlighted as a key issue for young voters.
Paying the price.
Not-so-fun fact: more than half of 18- to 34-year-olds are in debt, owing over £8,000 each on average.
HELP repayment arrangements have long term consequences for students and their families.
Senators should consider how repayment thresholds vary depending on family circumstances, the impacts on taxes and how long students will be saddled with debt.
Work placements are leaving many students with high debts.
Betsy Devos has been busy advancing a conservative education agenda since her confirmation earlier this year.
AP Photo/Jacquelyn Martin
From student loans to Title IX, Betsy DeVos has had a busy six months in office. But despite numerous reversals of Obama-era guidelines, little has come in the way of tangible policy.
Has student debt changed because the purpose of education has changed?
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About 44 million Americans are still paying off student loan debt. But it didn't always used to be this way. As the perceived purpose of a college education changed, so too did the way we pay for it.
Most students graduate with a ton of debt, which makes it harder to save for a home or retirement.
More than half of American families aren't able to save a dime to cover the cost of college, and the 529 college savings plan has done almost nothing to change that.
World Literature Today/Flickr
Financially illogical and fuelled by irrational dogma, the creation of a new tranche of private sector debt is a missed opportunity.
What does it cost to be a veterinarian?
Students aspiring to veterinary education are investing in the hope that it will return value. The reality, however, is different.