Nestled along the San Diego coastline, Point Loma Nazarene University is a world away from Wall Street. But the Christian liberal arts college is at the forefront of financial innovation.
Last fall, Point Loma began offering some of its 4,500 students money to pay for college in exchange for a percentage of their future earnings. The model, known as an income share agreement, requires colleges and students to take a chance on each other, a shared responsibility that attracted Point Loma.
As Dean of Admission and Financial Aid Katie Fretwell ’81 can attest, discussions about how much prospective students and/or their families can expect to pay for an Amherst education can often be confusing, complicated and emotional for the uninitiated. Today, those conversations may get a little bit easier.
Gov. Andrew Cuomo’s much-heralded new program for free tuition at state colleges comes with a huge catch: You have to sign years of your life away to get it.
Under a provision that was added to the tuition bill at the last moment, students who get a free ride at CUNY and SUNY schools must live and work in New York state for up to four years after graduation, or be forced to pay the money back.
The amendment — which was not part of
Cuomo’s original offer of free college for middle-class students — was added at the insistence of Republicans in the state Senate.
The nation’s capital is one of the most educated but also most indebted regions of the country, with one in five residents shouldering student loans. That debt load is an added burden for residents already struggling with the city’s high cost of living. New legislation seeks to ease the strain.
Subsidized and unsubsidized loans are federal student loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. The U.S. Department of Education offers eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans. (Some people refer to these loans as Stafford Loans or Direct Stafford Loans.)
Older African Americans and college students with children disproportionately bear the burden of education debt, according to a pair of reports released this week that researchers say show the need for more nuanced solutions from higher education.
When President Trump rolled out his recent budget proposal, it made some cuts that were always going to cause controversy. For one thing, his plan would slash subsidized student loan repayment plans, and let the government crack down on missed payments. To left-wing politicians who think the state should hand out more subsidies, this might as well have been Armageddon.
HUG is NOT refinancing, consolidation, settlement or bankruptcy. It will not damage or freeze your credit. Our typical client will be debt-free in half the time or less, including mortgage, credit cards, student loans and other types of debt obligations, compared to their current schedule. Most clients will pay less than 3% interest over all.
Less than 10 minutes to learn if this may be the right solution for you.
No sensitive information or credit card required. For your security, we do NOT ask for account or social security numbers etc.
Receive your personalized illustration instantly! It’s free and contrasts your current financial situation with HUG Plan suggestions.
No onslaught of solicitations! As financial coaches, we know long lasting relationships are built on trust. We will never sell or share your information with other companies without your permission.
Plans start at just $39.95 monthly!
"Nothing in life is to be feared. It is only to be understood."
– Marie Curie
"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
"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.”
– Mike Quigley
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
"There is scarcely anything that drags a person down like debt."
