Education Dive
July 09, 2020 Value and Affordability
Just under half of the total $14 billion allotted to the CARES Act is reserved for students who are disadvantaged by the pandemic. The Institute for College Access & Success noted the funds were distributed to colleges with little guidance attached, and schools that received funding were to inform the Department of Education on how they are distributing funds to students.
Inside Higher Ed.
July 09, 2020 Enrollment Management Trends, Value and Affordability
A report from the Federal Reserve Bank of New York rfinds that people from majority Black or Hispanic neighborhoods are less likely to attend college. Those that do attend college are more likely to borrow more in student loans and default on these loans later in life. While these critical social issues long predate COVID-19, it’s clear that the implications have been made starker by the coronavirus.
Education Dive
June 12, 2020 Student Success, Value and Affordability
FAFSA renewals are down from last year through mid-April, with an increase in administrative financial aid award appeals. Pandemic-related financial concerns can prevent students from re-enrolling in fall 2020.
The Washington Post
November 30, 2019 Student Success, Value and Affordability
The 2018 federal spending increase for child-care programs has helped some colleges and universities provide child care for students who have children. However, this funding is not enough to meet all of the needs of the students or to ensure that their children have a spot in the limited number of seats in child care programs offered. Lawmakers and university administrators are looking to increase funding to provide more flexibility and resources to students with children.
The Hechinger Report
October 02, 2019 Enrollment Management Trends, Value and Affordability
The proportion of middle-class students at colleges and universities has been quietly declining. Reasons cited for non-enrollment include family obligations, planning to take a gap year, not feeling ready to attend, not having a desire to attend, and expenses associated with enrollment, as many middle-class parents increasingly have their own college debt to pay.
USA Today
July 30, 2019 Value and Affordability
In a recent Twitter poll run by USA Today, 45% of 41,025 participants claimed cost is their primary consideration when choosing a college or university. Cost consciousness, however, is not the same as being able to afford the price of school. Another Twitter poll concluded that while 42% of future enrollees’ families were planning to use income and savings to fund their child’s education, the remainder planned to rely on a mix of loans, scholarships, and credit cards to cover costs.
The Hechinger Report
July 22, 2019 Enrollment Management Trends, Value and Affordability
As national student debt continues to climb, more than 10% of new borrowers regularly default as they leave post-secondary education. More than 60% of those in default have small loans of less than $10,000. In recent years, however, there’s been a surge in the number of students utilizing big loans to finance their education, with 17% leaving school with more than $50,000 of federal student loan debt. With this growth, scholars are identifying new types of big borrowers: lower-income adults and parents.
Inside Higher Ed
July 10, 2019 Enrollment Management Trends, Student Success, Value and Affordability
In an effort to boost the number of students receiving financial support for college, Texas will soon become the second state to require high school seniors to complete the FAFSA prior to graduation. Completing the FAFSA is a leading indicator of college enrollment, with ample evidence that more financial aid is associated with college completion outcomes.
Inside Higher Ed
June 10, 2019 Student Success, Value and Affordability
A new study reports from a purely financial view, earning a bachelor’s degree remains a good investment. Although premiums and wages fluctuate, college graduates still earn more on average than their high school graduate counterparts, with an average difference in wages between $30,000-$35,000.
The New York Times
May 28, 2019 Value and Affordability
College graduates around the world were asked what they paid for higher education and how they financed it. Over 800 responses from students across 40+ countries show how government policies can shape the personal and professional choices of young adults as they begin their careers.