higher education

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Making Sense of the Rising Cost of College

By Alex Carter
May 29th, 2008

As college students celebrate graduation this May, their joy is combined with the harsh reality they face post-graduation--many of these students will graduate with unmanageable levels of loan debt that they can not afford basic necessities. more »

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House panel OKs higher limits for student loans

From boston.com
April 11th, 2008
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Submitted by Alex Carter

boston.com — Students may increase their borrowing for college by $2,000 a year and private lenders could sell the debt to the government for a profit under legislation approved by a House panel yesterday. The measure, passed by the House Education and Labor Committee on a voice vote, is intended to ensure that turmoil in the credit markets doesn't prevent students from financing their educations, sponsors said.

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Higher Education Employees Storm Statehouse

From earthtimes.org
April 11th, 2008
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earthtimes.org — Higher education employees from throughout Illinois came to Springfield Wednesday to urge legislators to reverse policies of neglect and, instead, invest in public colleges and universities.

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Student Loan Upheaval Prompts Congress Action

From reuters.com
April 9th, 2008
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reuters.com — The $85 billion student loan business is in turmoil and with millions of U.S. students locking in funding for the coming school year, Congress is scrambling to make sure enough money is available.

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Student Loan Guarantor Faces Bankruptcy

From reuters.com
April 8th, 2008
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reuters.com — The Education Resources Institute Inc, which calls itself the largest not-for-profit guarantor of U.S. private education loans, has filed for Chapter 11 bankruptcy protection, saying rising defaults and credit market problems have damaged liquidity.

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Student Debt: Out of Control

Submitted by Alex Carter
March 14th, 2008

Debt levels for graduating seniors with student loans more than doubled over the past decade – from $9,250 to $19,200.

Source
“Quick Facts About Student Debt,” Project on Student Debt. http://projectonstudentdebt.org/files/File/Debt_Facts_and_Sources.pdf.
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Pell Grants: Declining in Helping the Cost of College

Submitted by Alex Carter
March 14th, 2008

20 years ago, Pell Grants covered half the cost of attending public college. Today, it’s only one-third.

Source
“Trends in Student Aid 2007,” College Board. http://www.collegeboard.com/prod_downloads/about/news_info/trends/trends_aid_07.pdf.
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Public Tuition Up as Household Income Stagnant

Submitted by Alex Carter
March 14th, 2008

Under Bush, the cost of public college tuition has risen 39% while wages have been stagnant.

Source
United States Department of Education, National Center for Education Statistics. Digest of Education Statistics, 2007. (Adjusted for 2007 dollars) http://nces.ed.gov/programs/digest/d06/tables/dt06_319.asp. Carmen DeNavas-Walt, Bernadette D. Proctor, and Jessica Smith. (Income, Poverty, and Health Insurance Coverage in the United States:) 2006. United States Census Bureau. August 2007. (Adjusted for 2006 dollars) http://www.census.gov/prod/2007pubs/p60-233.pdf.
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Cost of College Soaring

Submitted by Alex Carter
March 11th, 2008

The cost of tuition at public college rose 39%.

Source
United States Department of Education, National Center for Education Statistics. Digest of Education Statistics, 2007. http://nces.ed.gov/programs/digest/d06/tables/dt06_319.asp. (Adjusted for 2007 dollars)
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