Value and Affordability

News Categories
Rutgers Today

Rutgers Today provides a daily stream of news from across Rutgers University, serving both internal and external audiences.

Why a number of schools are opting to freeze tuition next year

University Business

June 22, 2023   Admissions, Student Success, Value and Affordability

A report from The State of Higher Education 2023 found that the cost of a degree was the main impediment to adult enrollment in college. As a result, several colleges, universities, and systems have approved tuition freezes to offset burdening students financially. However, most public institutions cannot afford to freeze tuition without support from state funding.

Continue Reading

Covid Relief Money Helped Almost 2/3 of Students Stay in College, U.S. Says

The Chronicle of Higher Education

February 01, 2023   Student Success, Value and Affordability

$76 billion in federal funding was used to assist colleges and students through the financial challenges of the pandemic. Over 18 million college students have received direct financial aid, according to a report released by the U.S. Department of Education.  Colleges were required to spend about half of their federal relief money on any aspect of students’ costs related to tuition, food, housing, healthcare, or child care. The report suggests that roughly two-thirds of students enrolled in college in 2021 benefitted from the fund.

Continue Reading

NCAN Report: $3.6 Billion in Pell Grants Went Unclaimed in 2022

NASFAA

February 01, 2023   Student Success, Value and Affordability

3.6 billion in Pell Grants were unclaimed in 2022 as a result of students not completing the FAFSA, a new report from NCAN suggests. The class of 2021 left nearly $3.75 billion in Pell grants unclaimed. States with the highest rates of FAFSA completion for 2022 high school graduates include Washington, D.C. at 74%, and Tennessee and Louisiana at 71% and 69%, respectively. States with the lowest completion rates include Alaska at 35%, Utah at 48%, and Oklahoma at 43%. NCAN points to the pandemic as one reason behind the significant decline in FAFSA completions.

Continue Reading

More Money for Pell Grants, Research

Inside Higher Ed.

January 03, 2023   Student Success, Value and Affordability

Congress is sending more than $1.5 billion to colleges and universities thanks to earmarks and pouring millions more into student success grant programs as part of the $1.7 trillion spending package for fiscal year 2023 that lawmakers approved late last month. The bill increases the maximum annual Pell Grant award to $7,395. It’s the second increase in as many fiscal years and the largest in a decade.

Continue Reading

Colleges’ expenses rose 5.2% in FY22, the biggest increase since 2001

Higher Ed. Dive

December 15, 2022   Enrollment Management Trends, Value and Affordability

College operating costs jumped 5.2% in the 2022 fiscal year. This is the highest rate of inflation since 2001, when it hit 6%. It is also the first year in almost a decade that the Consumer Price Index (CPI) exceeded the Higher Education Price Index (HEPI).

Continue Reading

Moving Forward on FAFSA Simplification

Inside Higher Ed

November 11, 2022   Enrollment Management Trends, Value and Affordability

The U.S. Education Department will move forward with parts of the FAFSA Simplification Act next fall, which will require colleges and universities to update their total cost of attendance calculation. Guidance has been provided to institutions to calculate the new figures.

Continue Reading

College students who are parents face wide affordability gap, study finds

Higher Ed. Dive

August 19, 2022   Student Success, Value and Affordability

A student who is a parent and works 10 hours per week at a minimum wage job cannot afford tuition and child care at a public institution in any state. On average, these students need to work 50 hours per week to meet their expenses. Increasing the federal minimum wage, doubling the Pell Grant for low-income students, expanding on-campus child care, and collecting additional data about student parents are potential strategies to help mitigate this disparity.

Continue Reading

New Jersey law creates gainful employment standards for career-oriented college programs

Higher Ed. Dive

August 02, 2022   Enrollment Management Trends, Value and Affordability

New Jersey regulators can revoke higher education institutions’ authority to grant degrees and credentials if they don’t meet quality standards. A new law signed last week requires state agencies to create metrics for gauging the success of career-centered programs, based on the ratio of tuition rates versus graduates’ anticipated earnings. This benchmark applies to all institution types.

Continue Reading

Higher Ed Funding Package Advanced by House Committee

Inside Higher Ed

July 06, 2022   Enrollment Management Trends, Value and Affordability

The House Appropriations Committee approved a funding plan to increase funding for the Education Department by 13 percent for 2023. The bill would allocate over $3.9 billion for higher education, and $24.6 billion for federal student aid programs. Increases to the Pell Grant would have a greater impact on students attending colleges with lower tuition prices.

Continue Reading

Public colleges’ operating revenue rose 3.1% in 2021 despite lower net tuition

Higher Ed. Dive

July 06, 2022   Enrollment Management Trends, Value and Affordability

Operating revenue increased in 2021 due to boosted state funding, federal pandemic relief, and institutions cutting expenses. However, enrollment declines, lower auxiliary revenue and increased financial aid caused revenue from students to decrease. Operating revenue grew by a median 3.1%, compared to 0.6% in 2020.

Continue Reading

1 2 3 4 9