… are often the last resort of desperate students who can’t find money anywhere else for their education.  Normally, students looking for money for college will receive grants, scholarships and student loans directly from the government.  The problem is that the cost of college has shot up so high and so fast that the amount of government student loans has not been able to keep pace.  Because of this many students turn to private lenders such as Sallie Mae to fund their education.  But …

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… are opting to stay at home (or closer to home) and attending cheaper, public universities for undergraduate studies.

Karen Copetas, the admissions director of Western Washington University, stated they have experienced a 28.5 percent increase in transfers, with many students citing money as a motivating factor.  Other parents are using reward programs like www.upromise.com to save up for future expenses.  Essentially, trying to avoid or reduce the amount of the initial debt is the …

Tags: Education National Association for College Admission Counseling Student Undergraduate education United States

… having to go to school with older kids, all could have a negative impact on their children’s education.

 

Anyway, it is still up in the air as to what will happen.  An entity can’t continue to operate if all it does is lose millions of dollars year after year.  Something major will have to happen, so you might want to stay tuned.

 

As funny as it sounds, bankruptcy might not be the worst option for the district.  Of course, all of the details of the district’s financial …

Tags: Bankruptcy Education

… was inspired by the recent credit crunch that left many students unable to continue their education because of the lack of student loans available through private institutions.  If the new law is passed, student loans would not be affected by market functions because they would come directly from the government.

Many banks and their supporters are calling the move by legislators to eliminate government student loan subsidies for private banks, a “government takeover” that would …

Tags: Business Education Loan Sallie Mae Student loan United States House of Representatives

… year… R.J. DeSilva, a spokesman for State Comptroller Susan Combs, said the Texas Prepaid Higher Education Tui­tion board voted in May to make the change, which becomes effective Nov. 1. Combs “has always had concerns about the financial stability of the fund because of the fact that it is going to go into a hole,” DeSilva said. “In terms of looking for ways to maximize the resources of the fund, she and the board felt this was a way to try and address that.”

But despite the …

Tags: Colleges and Universities Education Education Reform Texas Texas Tomorrow Fund Tuition

… security, drastically increasing class sizes, getting rid of transportation except for special education, and eliminating all central office employees except for where they are required by law.

Even though Bobb has already made many moves to shore up the budget situation, there are still many things to come.  For one, the job cuts are supposed to increase from around 1,766 to 2,451 in the next year.

One of the biggest hurdles DPS is facing is that enrollment keeps dropping.  The …

Tags: Bankruptcy Detroit Public School Education Public school United States

… inflation, student loan costs and the credit squeeze as they plan for their children’s college education. But Texas state officials hope their new prepaid tuition plan, Texas Tuition Promise Fund, will help families get a head start on saving for college.

The prepaid plan will cover only undergraduate education, allowing families to lock in tuition and required fees at the current prices of Texas’ public colleges and universities according to the Dallas Morning News.

The money …

… debts and the inability to pay those debts.  Citizens may experience serious service cuts to education, police force reductions and even the closing of such essential public buildings such as fire stations.  But after a Chapter 9 bankruptcy, a city will be able to at least stop the financial bleeding and begin on the road to recovery.

Chapter 9 bankruptcy can offer a city the opportunity to significantly reduce their debt and get a fresh start similar to an individual filing a …

… To find out more about reverse mortgages visit: http://www.occc.state.tx.us/pages/consumer/education/RevMortArt.htm

… as he tackled the issue of crippling debt burdening most Americans who pursue a college education.  President Obama announced that he was working with Congress to create a national program which would ease the burden of student loan debt.

The President said:

To make college more affordable, this bill will finally end the unwarranted taxpayer subsidies that go to banks for student loans.    Instead, let’s take that money and give families a $10,000 tax credit for four …

… as he tackled the issue of crippling debt burdening most Americans who pursue a college education.  President Obama announced that he was working with Congress to create a national program which would ease the burden of student loan debt.

The President said:

To make college more affordable, this bill will finally end the unwarranted taxpayer subsidies that go to banks for student loans.    Instead, let’s take that money and give families a $10,000 tax credit for four …

… of study because the school closed.  Once a debtor receives a discharge through the Department of Education, they will no longer owe the student loan and and any payments made in the past will be refunded to the debtor.