Summary: All student loans are subject to borrowing limits. Annual limits specify how much you can borrow in a single school year, aggregate (cumulative) limits specify how much you can borrow through that loan program, and cost of attendance limits specify that the loan amount must be less than the school’s official cost of attendance minus other financial aid received.
There's nothing wrong with earning a college degree that will actually help you make money. For students who are interested in earning a good salary without pursuing a graduate degree a major from this list is a good place to start.
In our report on the Top 25 Highest Paying Majors, we found that the list was dominated by engineering majors. However, this list was based on entry-level salaries, or how much these undergraduate majors earn for their first job right out of college.
A high entry-level salary, however, does not always equate to the best-paying job at the mid-career level. Why? For one reason, some jobs have caps in place that limit how much you can make without going on to get a master’s or Ph.D.
Amid America’s colossal student debt problem, an Ivy League school is providing an example of how institutions can help.
Beginning next school year, Brown University will eliminate all student loans in its undergraduate financial aid packages, replacing them with scholarships. Following a $30 million fundraising effort launched in September, Brown administrators announced this week that 2,087 donors contributed toward the goal, and that the school—located in Providence, Rhode Island—plans to raise $90 million more to sustain the scholarship giving.
In a major victory for the movement to improve access to higher education, New York is set to become the only state that offers free tuition at four-year colleges.
Deemed the Excelsior Scholarship, the free tuition plan is included in the $163 billion state budget approved Saturday by the The Democrat-controlled Assembly. The Republican-led Senate will vote on the budget Sunday evening; and with Senate Leader John Flanagan (R-Long Island) supporting it, it’s likely to pass.
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"Nothing in life is to be feared. It is only to be understood."
– Marie Curie
"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
"If we don't change direction soon, we'll end up where we're going."
– Irwin "Professor" Corey
The road to success is always under construction
– Lily Tomlin
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
“What I would like to do... once I take care of all my kids' student loans, is buy a red 1965 Mustang and fully restore it.”
