June 5, 2012 |
WASHINGTON -- Ten U.S. colleges and universities have committed to provide more information to students about tuition and other costs, including estimated monthly loan payments after graduation, as part of a federal push to improve disclosure to help prevent financial-aid recipients from overextending themselves, the White House said. Leaders from those institutions, which include the state university systems in Maryland, Massachusetts, New York and Texas, were scheduled meet Tuesday in Washington with Vice President Joe Biden, Education Secretary Arne Duncan and Richard Cordray, director of the Consumer Financial Protection Bureau to discuss financial aid transparency.
June 17, 2012 |
Here is a roundup of alleged cons, frauds and schemes to watch out for. Financial aid - The Better Business Bureau is warning college students and their families to use caution when dealing with companies that promise to help secure scholarships or financial assistance for college. Of particular concern, the BBB said in a recent bulletin, are firms that ask for an upfront fee for help in securing financial assistance for college. In one recent scam, students were notified that they were finalists for a scholarship but needed to pay a fee in order to be considered.
May 27, 2011 |
World leaders agreed Friday to provide financial support to the newly forming governments of Tunisia and Egypt, adopting President Obama's plan to help build lasting democracies in those countries. As they wrapped up their annual summit here, leaders of the Group of 8 industrialized nations directed the International Monetary Fund to provide loans and other financial support. Although they did not commit to specific pledges of financial assistance individually, the leaders suggested they would do so either in direct loans or debt forgiveness or through contributions to international banks and funds.
April 20, 2008 |
One of the many challenges of sending a child through school now sits in a pile on Joseph Han's desk. Han, a Garden Grove legal assistant, is the father of an honors student at Pacifica High School in Orange County who was accepted at a litany of great universities -- Berkeley, UCLA, Pomona College and UC San Diego, to name a few. Because he applied for financial aid, each university sent Han a page-long "financial aid notification" that explains...
September 4, 1989 |
Average per-student costs for the 1988-89 school year totaled more than $12,500 at private colleges and almost $6,200 at public institutions, according to the American Council on Education, a nonprofit research group in Washington. That included tuition, fees, room and board, transportation, books and supplies. Education costs have been rising much faster than inflation.
February 27, 2011 |
As high school seniors watch their mailboxes waiting for thick envelopes that signal a college acceptance, their parents wait for another form of communication from schools ? financial aid award letters. Those letters describe what aid, if any, is being offered to reduce the high cost of a college education. But in some cases, the letters are so dizzyingly complex that students and their families misunderstand what they're being offered. "I've seen students misinterpreting the award letter, thinking that they're getting a free ride," said Mark Kantrowitz, publisher of Finaid.