All articles tagged with #college tuition
Oracle's stock (ORCL) rose despite being mentioned in a U.S. investigation into college tuition pricing algorithms, indicating investor confidence or resilience amid regulatory scrutiny.
A survey reveals that only 4% of Gen Z students are fully funded for the upcoming academic year, with 90% unsure how they'll cover tuition costs. Delays in FAFSA processing, inflation, and high interest rates contribute to the financial uncertainty. Experts suggest completing FAFSA, considering less expensive education paths, applying for scholarships year-round, working part-time, and contacting financial aid offices for additional support.
Some parents are considering a "borrow and die" strategy for Parent PLUS loans, aiming to avoid repayment by reaching retirement age and qualifying for $0 monthly payments until death or loan forgiveness. While this approach may increase family generational wealth, it is complex and risky, and may not work for all families. Parent PLUS loans have higher interest rates and no borrowing limits, making them an attractive but potentially burdensome option for financing college education. However, there are alternative strategies to consider, such as community college, scholarships, and income-driven repayment plans, to mitigate the financial impact of college tuition and fees.
A new tool by Forbes allows students and families to estimate the average net cost of attending any of the 500 schools on their list of America's Top Colleges. The tool takes into account family income and provides a percentage of the list price that represents the net cost. This helps students make more informed decisions about college choices and avoid ruling out schools based solely on sticker prices. Additionally, completing the FAFSA form is crucial for receiving federal grants and loans, as well as institutional need-based or merit aid. The form has undergone changes, including a simplified format and adjustments to the student aid formula. Private colleges may also require the CSS Profile form for financial aid calculations.
The Free Application for Federal Student Aid (FAFSA) is the key to receiving financial aid for college in the United States. The 2024-25 FAFSA form will be available by December 31, 2023, and the federal deadline to complete it is June 30, 2025. The new FAFSA form includes changes such as direct transfer of tax information from the IRS, increased eligibility for need-based grants, and a more streamlined application process. Students and parents need to create a Federal Student Aid ID (FSA ID) to sign the FAFSA. The form requires personal information, tax returns, and financial details. The FAFSA should be submitted as early as possible, as some aid is distributed on a first-come, first-served basis. After submission, the Office of Federal Student Aid will review the information and share it with the listed colleges, and students will receive a FAFSA Submission Summary and await their financial aid offers.
Tom Cruise may end up paying for his estranged daughter Suri Cruise's college tuition, as per the divorce agreement with Katie Holmes. Cruise currently pays over $33,000 per month in child support, and the agreement requires him to cover Suri's expenses, including education. Suri is reportedly interested in studying fashion at prestigious schools in NYC. The payments will continue until Suri turns 18 next year, but it remains unclear how the tuition will be covered beyond that point.
Tom Cruise may end up paying for his estranged daughter Suri's college tuition, as per the requirement in their divorce proceedings. Despite being estranged, Cruise is obligated to pay for Suri's expenses, including education. Suri is reportedly looking at prestigious fashion schools in NYC. The monthly child support payments will continue until Suri turns 18 next year, and it remains unclear how the tuition will be covered.
A report by the Consumer Financial Protection Bureau (CFPB) reveals that college tuition payment plans offered by many institutions can put student borrowers at risk. The report found inconsistent disclosures and confusing repayment terms in these plans, leading to missed payments, late fees, and accumulating debt. Some institutions also withhold transcripts as a debt collection tool, which is potentially illegal and can have severe consequences for students. The report highlights the need for colleges and universities to review their repayment plans and avoid high fees or coercive debt collection practices. Additionally, the report identifies other risks such as snowballing fees, forced arbitration provisions, and confusing disclosures. The CFPB will continue to monitor tuition payment plans and school-based lenders for potential violations of consumer financial law.
The cost of college tuition in the United States continues to rise, with highly rated or selective schools charging exorbitant prices. Factors contributing to the increase include the high cost of employing professors and the lack of efficiency gains in the education system. Income inequality also plays a role, as wealthy families are willing to pay top dollar for prestigious universities. State funding for higher education has declined, forcing colleges to rely more on student payments and loans. While sticker prices have increased, the net price of college, adjusted for inflation, has actually decreased in recent years. However, student loan debt has skyrocketed, and the Supreme Court recently blocked President Biden's student loan forgiveness program.
Nicki Minaj praises a 14-year-old boy who allegedly killed his mother's attacker in a South Side Chicago hot dog stand, calling him a "true hero." She offers to help pay for his college tuition. The boy's mother had texted him to alert him of trouble, and when he arrived, he witnessed his mother being brutally attacked. He pulled out a gun and shot the attacker, who later died from his injuries. Both the mother and son were initially charged with first-degree murder but had the charges dropped due to new evidence. The mother has since filed a lawsuit against the city of Chicago and five police officers, claiming false arrest and malicious prosecution.
Rapper Nicki Minaj has offered to pay the college tuition for a 14-year-old boy who shot and killed his mother's attacker. The charges against the teen and his mother have been dropped. Minaj called the boy a hero and expressed her desire to help him with his education. The incident occurred when the mother and the attacker got into an argument at a restaurant in Chicago. The boy intervened when the attacker began physically assaulting his mother, ultimately shooting and killing him. The mother has filed a lawsuit against the city and police officers involved.