Financial Aid

Career College Central Summary:

  • A new report has cast a bad light on the GI bill funding, and Senator Chris Murphy wants to make a change.
  • The GI bill provides veterans with nearly $20,000 a year to pursue an education.
  • But a report by the Senate committee on Health, Education, Labor, and Pensions found that some for profit colleges are abusing the bill.
  • Sen. Murphy says a lack of oversight allows the colleges to collect GI money with poor...

Career College Central Summary:

  • People with student debt report worse health and greater financial stress long after they finish their degree, a new study from Gallup shows.
  • The survey looked at 11,000 students who have graduated college since 1990 and found that people who took out more than $50,000 in loans rate their physical and financial status at least 10 points lower than their debt-free peers.
  • The findings offer a window into the deeply...

Career College Central Summary:

  • For-profit college ITT Educational Services Inc. (ESI:US), already under pressure from the U.S. Education Department, is facing stricter terms from lenders that could put its operations at risk.
  • Last week, ITT Educational disclosed an agreement with creditors that would push its loans into default should the government delay access to student-aid funds, the lifeblood of for-profit colleges, by more than five days. On Aug. 4, the...

Career College Central Summary:

  • The board unanimously approved a cap that prevents UNC campuses from devoting more than 15 percent of tuition revenue to financial aid. For six campuses that currently reach or exceed the 15 percent threshold – including N.C. Central, N.C. State and UNC-Chapel Hill – tuition-funded financial aid dollars will be frozen.
  • Board members defended the vote as a prudent attempt to hold down tuition levels.--Fifteen percent is a...

Career College Central Summary:

  • Plenty of companies offer their employees education assistance on better terms. Communications Workers at Verizon have negotiated $8,000 a year in tuition, to use at virtually any school. Workers don’t pay the upfront costs—Verizon does. These workers already have full-time, benefited jobs. They can improve their computer literacy, get a bachelor’s or master’s, or train for a new career. They can also take a two-year...