Florida’s prepaid college tuition plan is generating enough revenue to provide refunds to parents in part because of strong earnings on the plan’s investments and low tuition statewide.
Gov. Ron DeSantis said this week part of those savings is how the state has held down tuition and other costs at the state’s colleges and universities. The plan factors in future tuition costs and when those costs don’t reach predictions, families can receive a refund.
Read More
Public universities across the United States are spending money to increase their workforce and then passing the bill along to students, according to an analysis by The Wall Street Journal.
Since 2002, the average flagship university’s spending rose 38%, with a majority of the money being spent on salaries and benefits, which rose by 40% in the same time period, according to an analysis by the WSJ. However, the average tuition cost per student rose 64% to cover the costs of salaries and benefits in the same time period.
Read More
Critics are taking Biden’s student loan forgiveness initiative to task because they believe it will only raise tuition in the future.
The Education Data Initiative reports that as of January 2022, in-state tuition and fees for a public 4-year university in Michigan climbed 3.31% in the last year. The cost for out-of-state tuition and fees climbed 2.76% during the same timeframe. The cost for room and board jumped a combined 10.59% in the last year.
Read More
With the Biden administration’s announcement this week that it would continue the moratorium on student loan payments through the beginning of next year and will forgive up to $20,000 in student loan debt per student, student loan forgiveness is at the top of the current political agenda. Meanwhile, there’s little talk about bringing the cost of college under control, or why the cost of college became so outrageous in the first place.
Read More
An Ivy League law school will start paying tuition for low-income students beginning next fall to diversify its culture and make law degrees more affordable, the Wall Street Journal reported.
Yale Law School will cover the tuition for students with income below the federal poverty line by offering scholarships of roughly $72,000, the Wall Street Journal reported. The scholarship will cover tuition, fees and health insurance while students are responsible for their estimated $21,000 living expenses.
Read More
San Diego State University is now accepting donations in the form of Cryptocurrencies such as Bitcoin and Ethereum.
An anonymous donor has sent the school approximately $25,000 worth of Bitcoin, according to the SDSU NewsCenter.
“The SDSU auxiliary will keep almost all of the contribution in the form of Bitcoin instead of immediately converting it all to cash as many other universities have done,” the outlet reported.
Read More