Financial Aid

Career College Central Summary:

  • Modernizing the way student loans are repaid in order to promote affordability, eliminate default, and reduce taxpayer costs are at the heart of a new student-loan repayment proposal from the Center for American Progress. A new report from CAP proposes creating a new system that utilizes the Internal Revenue Service’s, or IRS’s, wage-withholding system to repay student loans automatically. This modern system would make all federal...

Career College Central Summary:

  • Derrius Quarles is living proof that education is liberating. Paying for it on your own, however, takes strategy and sacrifice.
  • Quarles, a Chicago native, was 5 years old when he was taken from his mother's custody and put in state foster care. At 17, he was living on his own in a South Side apartment and finishing high school.
  • Quarles was a determined student. He was on the swim team, worked a part-time job and...

Career College Central Summary:

  • Earlier this year, President Obama announced a plan to guarantee tuition for any student who wanted to attend community college. The federal government would cover 75 percent of the cost of tuition, and states would cover the remaining 25 percent.
  • He didn’t go nearly far enough.
  • It’s time to make college education free. Not just community college, all college. And if the states don’t want to pitch in to...

Career College Central Summary:

  • Student loans are presumably a good thing: you take a loan, get an education you want and use the newly acquired qualifications to earn money in order to repay it. However, the representatives of “the Corinthian 15″ like Mallory Heiney think differently. For them student loans turned into a veritable debt trap.
  • Ms. Heiney was a student at now-defunct Everest College, belonging to the Corinthian College system. According...

Career College Central Summary:

  • Kicking off what will likely be months of contentious budget battles, Republicans in the U.S. House of Representatives on Tuesday released a 2016 funding blueprint that calls for freezing the maximum Pell Grant award.
  • The proposal, which was spearheaded by the House budget committee chairman, Representative Tom Price of Georgia, would keep the maximum Pell award at the current $5,775 for the next 10 years.
  • It is part of...