CALIFORNIA | LOCAL
July 3, 2012 |
To the relief of families who dread annual tuition increases, a growing number of public and private colleges are moving to freeze those bills so that students pay the same amount in their freshman through senior years. The idea is to give students and parents some financial stability at a time of other economic worries and mounting student debt. The predictability pleases Joshua Deal, 19, of San Diego. He is a junior at Northern Arizona University, one of the estimated 40 schools in the nation that offer such guarantees.
May 16, 2013
Re "Cal State grads facing an exit fee," May 14 Give an arm and a leg, and you still have to give up more. College tuition has been on the rise for the last 10 years, and just when a college student believes that the horror is over, many of the Cal State University campuses want students to pay an exit fee. What chutzpah. The average debt load for graduates who borrowed money to pay tuition hovers around $27,000, according to the Institute for College Access and Success' Project on Student Debt.
May 22, 2013 |
More than half of millennials -- 54% -- surveyed by a Wells Fargo & Co. retirement unit said their "biggest financial concern currently" was longer-term debt, mainly student and credit card debt. With the cost of college continuing to rise , about 64% of the 22- to 32-year-olds surveyed said they paid for school with loans. And 42% of the millennials said their debt was "overwhelming," twice the rate of baby boomers who were surveyed for comparison. The $1 trillion in outstanding student debt and low wages in the weak economy are causing the latest rounds of college graduates to put away less money for retirement.
October 29, 2010 |
The Education Department on Thursday issued regulations governing for-profit colleges, a rapidly expanding education sector that has been criticized in Congress for allegedly providing students with poor educations while saddling them with excessive debt. Issued after a year of negotiations, the new regulations are intended to improve the Education Department's ability to monitor the institutions, including compensation for recruiters, and the ability to take action against schools that engage in deceptive advertising and marketing.
September 28, 2012 |
Stock indexes were initially down nearly 1% in early trading on Wall Street on worries over Spain's banking system, adding to concern over the Eurozone crisis. The Dow Jones industrial average was down 101 points, or 0.8%, to 13,385 shortly after the opening bell. The broader Standard & Poor's 500 index fell 9 points, or 0.6%, to 1,438. The Nasdaq was down 13 points, or 0.4%, to 3,124. Friday is the last trading day of the third quarter. ALSO: Initial jobless claims fell sharply last week to 359,000 Mortgage rates nose-dive to new lows; 30-year at 3.4% One in five households burdened by student debt, a record
August 10, 2013 |
Share your family's story. Although the economy is improving overall, Californians of all ages are struggling in the job market and with personal finances. In many cases, extended families are stepping in to help. Are you a twentysomething who has moved back home? A fortysomething supporting your children or your aging parents? A sixtysomething who was prematurely pushed out of the workforce? Whatever your age or situation, the Los Angeles Times wants to hear how your family is pulling together in troubled times.
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.
March 5, 2006 |
Margo Alpert is on the 30-year plan. Every month, $500 to $600 is automatically deducted from her salary to pay off college loans. By the time the 29-year-old Chicago public interest lawyer is in her mid-50s and thinking seriously about retirement, she will finally be free of college debt. "It's going to be part of my life forever," Alpert said. "I don't think about it at all because it's just a fact of life."
CALIFORNIA | LOCAL
June 6, 2013 |
A UC Berkeley senior who majors in social welfare and has been active in student government and Mideast issues is expected to become the next University of California student regent, joining the board that sets policies for the 10-campus system. A special regents' committee has nominated Sadia Saifuddin, 21, of Stockton, to be the student regent in 2014-15. Confirmation by the full regents' board is expected next month. For the next year, Saifuddin would be a regent-designate, able to participate in all discussions but without voting rights until her one-year term as a fully empowered student representative begins in July 2014, officials said.
June 13, 2012 |
As Americans continue to borrow more to pay for college, many are confused and frustrated at the process of dealing with private student loans. The Consumer Financial Protection Bureau disclosed the depth of the problem Wednesday by publishing nearly 2,000 comments from borrowers, advocacy organizations and other agencies. The federal agency removed names and other identifying information from comments. Many were angry with lenders for not making terms and conditions clear, such as how to consolidate a series of loans.