Paying for College

Law Students Can Find Ways to Pay Off Debt

It's a tough time economically. Unemployment remains high, which means states face seemingly never ending shortfalls in revenue. The showdown between Democrats and Republicans on Capitol Hill over how to deal with the massive federal deficit continues. Republican leaders in the U.S. House of Representatives recently set spending limits for the Appropriations subcommittee on labor, [...]

Elite Colleges and Economic Diversity

As a graduate of an elite high school and college (Trinity School in Manhattan and the University of Pennsylvania), I have noticed how many of my peers come from similarly privileged backgrounds. Graduates of top programs churn out tomorrow’s leaders, whose children then go on to top schools to become leaders, and the cycle perpetuates. [...]

$100,000 Fellowships To Not Go To College

Peter Thiel, the PayPal co-founder and one of the first investors in Facebook, is proposing a controversial path toward more rapid innovation. Today his Thiel Foundation announced that it was giving 24 people under 20 $100,000 fellowships to drop out of school for two years to start a their own companies. Read More...

Private Colleges Increased Aid as Economy Sank, Tuition-Discounting Survey Finds

Private colleges spent an amount equivalent to about 37 percent of all of their tuition and fee revenue on scholarships for students in the fall of 2010, an all-time high, according to an annual "tuition discounting" survey. The estimated tuition-discount rate for first-time freshmen—42.4 percent—was also a record high, according to a report on the [...]

Students Can Get College Credit for Life Experience

Add one more thing to the list of tasks that colleges can outsource. This time, it's assessing "experiential learning"—that is, the skills students have gained in the workplace and other life trials—and determining how many credit hours should be awarded for that learning. Two fledgling organizations are game. Read more...

Private Student Loans vs. Paying Tuition with Credit Cards

One question that some students and parents have is whether to make up the difference between total cost of attendance and financial aid with a private student loan or a credit card. Generally, using a credit card to pay for your tuition is not advised. In fact, many colleges and universities actively discourage the use [...]

Student-Aid Experts Suggest Trims for Pell Grant Program

Financial-aid experts typically advocate putting more money into the federal Pell Grant program. But now, with cuts very much on the table—the U.S. House of Representatives passed a budget resolution for the 2012 fiscal year on Friday that would take the maximum grant back to pre-stimulus levels—they are making recommendations for how to trim it. [...]

3 Scholarship Steps for Current College Students

Many students believe that scholarships aren't open to students already enrolled in college, but that's actually a misconception. In fact, there are many scholarships available to current college students. If you've been forced to take out loans to pay for college, don't pass up the opportunity to lessen your loan burden by researching and applying [...]

Bucking Trend, College Will Cut Price

For those who wonder how college tuition costs manage to keep rising year after year, apparently defying laws of economic gravity, Sewanee, a liberal arts college in Tennessee, has an answer: they can’t. On Wednesday, Sewanee announced that it will cut its $46,000 annual bill for students by 10 percent in the fall. The college, [...]

Which Colleges Claim to Meet Students’ Full Financial Need?

Some schools, though not many, claim to be able to meet their students' full financial need. Determining your financial need begins with calculating your expected family contribution (or EFC) using information you provide on the Federal Application for Federal Student Aid (FAFSA). The FAFSA takes into account your family's earning power, size, and savings, among [...]