December 05, 2013 by Clarise McCants
In light of the work we are doing to reverse UVa’s decision to cut funds from it’s financial aid program, AccessUVa, it is worth highlighting this Forbes article. This piece sheds light on the various factors and stressors that affect low-income students at colleges.
December 03, 2013 by Latasha Myers
Student loan debt is rapidly approaching $1.2 trillion. What’s worse is that, with little reliable data available about the impact of student loan debt, we can't assess the real effect it's having on the economy. Regardless, we do know that student debt isn't good for sustaining a growing nation.
Freshly-minted, young graduates should be leaving college ready for the workforce and to help feed our thriving economy. Instead, burdened with high amounts of student debt, they usually don't have the extra cash to thrust back into the economy.
December 02, 2013 by Abbie Lieberman
George Mason University recently hosted the U.S. Department of Education’s second of four college affordability forums to discuss the Obama administration’s proposed college ratings system. At the event, students expressed the same concerns to the department that thousands of current and prospective college students, like me, have across the nation: Students want more data to assess our financial future before enrolling in college and taking on massive amounts of student loan debt. To start, these data need to include information about the net price of college, the average incomes of graduates in different fields, and data on internship placement rates.
December 02, 2013 by Clarise McCants
At the same time that we have been urging the federal government to fix the student loan crisis, it has been making money from our loans—and lots of it. Recent numbers tell us that the U.S. Department of Education has cashed in $42.5 billion of profit from federal student loan payments last year. Meanwhile, national student debt levels have risen to $1.2 trillion and education funding has been reduced to its lowest level since 2001. Instead of profiteering on the backs of students, the government can and should do more to help fix the student debt crisis and ensure college is affordable.
November 29, 2013 by Clarise McCants
While you’re searching for deals on a TV or bread maker, don’t forget to look into what kind of deals you can get on your student loan payments.
November 27, 2013 by Clarise McCants
Although students were protesting in silence a mere 12 days ago outside of the Board of Visitors meeting, the message they sent to the board was loud, clear, and heard by all: Students at UVa will not stand by quietly while the Board cuts important programs like AccessUVa, a program at the university that represented a clear commitment to socioeconomic diversity.
November 21, 2013 by Mary Nguyen Barry
Last week, UVA’s Board of Visitors met for the last time before the end of the year. Students, who have been very vocal about cuts to the school’s financial aid program, AccessUVa, held a silent and peaceful protest.
November 20, 2013 by Web Team
The U.S. Department of Education’s latest proposal for regulating career education programs shows that officials mean business when they bring higher education experts together next week in another attempt to define “gainful employment.”
November 19, 2013 by Clarise McCants
In a sign of progress, the U.S. Department of Education has created new regulations that will help former students struggling to pay back their student loans get out of default. Private debt-collectors must now offer repayment plans conducive to what borrowers can actually pay rather than what’s more profitable for their pockets. Although, (like we always say) the cost of college is too damn high, this is a great step forward for those of us already in mountains of debt.
November 15, 2013 by Meredith Welch
When the University of Virginia, one of the wealthiest public colleges in the nation, cut its financial aid program over the summer, students and alumni spoke out against such regressive actions. With a $5 billion endowment that has more than doubled over the past decade, why would the University need to cut grant aid to poor students?