Category: Education

September 22, 2022

Income-share agreements have emerged as controversial financing tools in an era of high college costs. The model’s backers say enabling students to pay for their education with a percentage of their post-graduation earnings ensures they won’t face ruinous amounts of […]

September 15, 2022

The Bill & Melinda Gates Foundation will spend $100 million over five years to fund a group of nonprofit organizations working to help colleges “transform themselves” in the face of falling enrollment, increasing demands for educated workers and declining public […]

August 30, 2022

The Education Department’s action comes less than a week after the Biden administration announced a widespread student loan relief program cancelling up to $10,000 in debt for most borrowers and $20,000 for Pell Grant recipients. Although that action wasn’t tied […]

August 26, 2022

President Joe Biden invited plenty of debate Wednesday when he announced an income-capped student loan cancellation plan, which will wipe out as much as $10,000 for most borrowers and $20,000 for federal Pell Grant recipients. Higher ed associations and some […]

August 23, 2022

President Joe Biden continues to mull over possible variations of wide-scale student loan forgiveness, including one plan from the U.S. Department of Education that reportedly could cover several million borrowers. That would make good on a campaign pledge Biden made […]

August 18, 2022

Fitch was active sharing information last month as most U.S. colleges started their new fiscal years. The ratings agency circulated a forward-looking commentary on inflation and tuition and held a webinar covering current conditions. It also shared median financial data […]

August 16, 2022

Actions announced Tuesday are the latest in a complex set of steps the Biden administration has pursued to shore up the country’s troubled student loan system. They include proposed regulatory changes as well as attempts to clear out a backlog […]

August 12, 2022

In the early days of COVID-19, colleges terminated staff positions in droves as they faced operational shifts and pandemic-related financial challenges. Now, hiring has returned in fields related to events, as colleges begin to host in-person activities such as fundraising […]

July 6, 2022

Students whose colleges misled them would have an easier time seeking loan forgiveness from the federal government under a series of regulatory proposals the U.S. Department of Education released Wednesday. One long-awaited rule would apply to the borrower defense to […]

June 23, 2022

The settlement agreement could bring to a close a yearslong legal dispute over hundreds of thousands of borrower defense claims. The list of institutions whose borrower defense claimants will receive automatic relief is wide-ranging — it includes currently operating colleges, […]

June 21, 2022

Americans owe a whopping $1.75 trillion in student loan debt. With this in mind, it’s undeniable that something has gone off the rails in our attempts to make higher education more affordable. But wait, it’s even more complicated. The high […]

June 14, 2022

State funding for higher education increasing during the pandemic defies trends observed during past periods of economic turmoil. But enrollment at public institutions has also tended to increase after recessions, making the short recession of 2020 at the beginning of […]

June 7, 2022

S&P had given the nonprofit higher ed sector negative outlooks for four straight years before raising its view to stable in 2022, in part because of federal relief funding. Three federal coronavirus relief bills provided higher ed with a total […]

May 24, 2022

Higher education has not been immune to what’s being dubbed the Great Resignation. It describes a mass exodus of workers from many industries amid the pandemic, although it is somewhat of a misnomer, as in many cases employees are jumping […]

May 24, 2022

The lawsuit is at least the second complaint filed against the Ed Department in recent months seeking to resolve outstanding group borrower defense claims. The borrower defense rule allows students whose institutions defrauded them to have their federal student loans […]

May 17, 2022

A few weeks before the Guild announcement, Lowe’s committed $9 million towards education of historically marginalized students to provide pathways to employment at Lowe’s. The construction vendor allocated the funds to the Charlotte Talent Initiative at Queens University’s business school, […]

May 5, 2022

The regulatory environment for higher education has been growing stricter under President Joe Biden’s administration, with many changes at the federal level putting pressure on for-profit institutions. Earlier this year, the U.S. Department of Education unveiled a policy making private […]

May 4, 2022

Whitman’s move follows steps by other wealthy institutions to bolster financial aid for certain students, often those from low-income backgrounds. Williams College, one of the U.S.’s top-ranked liberal arts schools, last month said it will eliminate loans and work requirements […]

April 27, 2022

Colleges across the country seek to reenroll stopped-out students, often to try to meet expected workforce demands and state goals for the number of residents with postsecondary credentials. Before the coronavirus pandemic, college leaders also hoped bringing back stopped-out students […]

April 25, 2022

The price of Brent crude, the international benchmark, was down by $6 or 5.5% by Monday evening, hovering just above $100 a barrel. US crude was down by a similar margin and also building on losses of last week as […]