Higher education
fromInside Higher Ed | Higher Education News, Events and Jobs
1 hour agoFinancial Strain Shapes Student Experience
Many students face financial insecurity, impacting their academic performance and overall well-being.
The One Big Beautiful Bill Act includes the largest overhaul to the federal student aid system in decades, limiting loan repayment and debt forgiveness options for borrowers.
Luna Rosado, a single mother, has seen her gas expenses rise by $40 weekly due to a 30 percent increase in prices after the war in Iran. This has resulted in $160 less for groceries and other necessities each month, forcing her to constantly adjust her budget.
Many buyers assume homeownership is out of reach if they earn less than the area's median income - but that's not always true. From FHA and USDA loans to down payment assistance programs, there are real pathways to homeownership - even if you have little savings.
"Our city advances when our workers can too. By connecting city workers to undergraduate and graduate educations, we're empowering the next generation of civil servants who act ambitiously, think creatively and believe firmly in government's ability to improve the lives of working people."
In general, students across all income brackets are paying less for college, adjusted for inflation, than they did six years ago at all types of institutions. In some cases, those drops were especially high, including for low- and middle-income students at the nation's wealthiest private colleges; their average net price dropped 28.1 percent and 30.8 percent, respectively.
The 13-member panel, comprised largely of state officials, think tank researchers and higher ed lawyers, spent the last four days negotiating the rules of a new college earnings test called Do No Harm-which applies to all degree programs-as well as changes to the existing gainful-employment rule, an accountability metric that only applies to certificate programs and for-profits. The department's proposal, which aligns the two accountability
According to federal data, 24 percent of New York adults are at the lowest levels of literacy, defined by the advocacy organization Literacy New York as being either functionally illiterate (reading below a fifth grade level), lacking a high school diploma, or being unable to speak English. That same data shows Brooklyn and Queens rates are roughly ten percent higher than the state average, and in the Bronx, a whopping 50 percent of adults do not have basic literacy skills.
It can be scary to borrow large student loans to finance an expensive college degree. There is a market failure, however, every time a student does not attend their preferred college, study their preferred major, or pursue their preferred career because they are afraid of student loans. Students should be free to pursue their passions - not forced into second-best choices because of the cost of the degree or the prospect of a lower income in the future.
Yale University is eliminating tuition and other costs for all new undergraduates from families earning less than $100,000 a year, joining a growing number of elite campuses that are slashing costs for middle- and lower-income families. The Ivy League school announced the change Tuesday and said it will take effect for students entering this fall. Yale previously waived all expected costs for students from families earning less than $75,000 a year.