It’s too bad that Uncle Sam ever got into the college-financing business. The feds have no constitutional authority to lend money to students (or anyone else) and millions of students have gotten themselves deeply in debt for education of dubious value. Easy federal loans were essential in fueling the “college for everyone” movement that has raised the cost and degraded the educational value of earning a degree.
ALBANY — Gov. Cuomo on Friday unveiled set of measures intended to aid New Yorkers struggling with "exploding" student loan debt.
The proposals, which will be part of Cuomo's State of the State Address next week, include new financial disclosure requirements for colleges and universities, and new consumer protection standards for the loan industry.
ALBANY, New York -- New York will be the first state to make tuition at public colleges and universities free for middle-class students under a state budget approved by lawmakers Sunday.
The plan crafted by Democratic Gov. Andrew Cuomo will apply to any New York student whose family has an annual income of $125,000 or less. To qualify the student would have to meet certain class load and grade point average restrictions, and room and board would not be covered.
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.
Brown University announced Thursday that it will no longer provide loans, only grants, in an effort to help students graduate with less debt.
Starting in the fall of 2018, all students who receive financial aid from the Ivy League university will receive scholarships, which they don’t have to pay back.
Less than a week after President Donald Trump gave his State of the Union address touting the strength of the American economy under his presidency, the stock market saw one of its worst trading days in recent history, with stocks falling by about 1,175 points.
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"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
“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
The road to success is always under construction
– Lily Tomlin
"Nothing in life is to be feared. It is only to be understood."
– Marie Curie
"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
“This would be a much better world if more married couples were as deeply in love as they are in debt.”