| After Harvard, Yale boosts aid
Yale announced this week that it will change its undergraduate financial aid policy for all students this fall. The changes are meant to make college more affordable for middle and upper-income families and follow in the footsteps of a similar policy enacted by Harvard last December.
"We want all of our students to make the most of Yale academically and beyond without worrying about excessive work hours or debt," Yale president Richard Levin said in a press release. "Our new financial aid package makes this aspiration a reality."
At both Yale and Harvard, parents with annual incomes below $60,000 a year will not have to contribute toward their child's college education, and families with incomes from $60,000 to $120,000 will now pay between 1 and 10 percent of their incomes toward tuition.
Contractor loses La. scholarship account data dating back to 1998
BATON ROUGE, La. -- A Boston-based contractor hired to store and safeguard state scholarship and college savings account data lost most of those records _ including bank account numbers and student and parent Social Security numbers _ during a move, officials say. "We certainly don't want to create any panic. But people should be aware and take the necessary steps," said Melanie Amrhein, executive director of the Louisiana Office of Student Financial Assistance. "This is backup data off of a mainframe that contains sensitive personal information." Special equipment and software and "sophisticated computer skills" would be needed to get the compressed records from the TOPS scholarship program, START Saving Program, and Free Application for Federal Student Aid, according to a notice posted on the Internet.
Schwarzenegger Vetoes DREAM Bill for Immigrant Students
Late Saturday, Gov. Arnold Schwarzenegger issued a series of vetoes on various bills — and in so doing dashed the hopes of student activists who have been pushing to make it easier for undocumented students to obtain financial aid and to pressure publishers and faculty members into changing practices that some believe contribute to the high price of textbooks. At the same time, Governor Schwarzenegger signed another bill on textbooks, favored by publishers and opposed by student groups. .
Text of Napolitano address
There was no plan to give Arizona's children the early start they need and deserve. Teacher pay was lagging, and we weren't doing what was necessary to support our new teachers and keep our best educators in the classroom. Phoenix was the largest city in the nation without a university-based medical school and our state was not graduating enough students with college degrees to keep up with our growth.Fast-forward to today. We've created a new grade level by making full-day kindergarten available to every Arizona family. We've made historic investments in early childhood education and in teacher pay. We've broken ground on an all-new medical campus, tripled our contribution to student financial aid, and built up our universities.This is progress, and it is precisely where we needed to go.Now, we must move quickly this year to implement the voter-approved initiative aimed at early childhood.
UVa Aid Policy Gets a Facelift
A year ago, the University of Virginia joined the growing list of selective institutions altering their financial aid policies to make them friendlier to students from low-income families. Now it has decided that it needs to do even more, and do it sooner, than originally planned. .
Loan Scandal Escalates
When Andrew M. Cuomo started asking questions about the relationships between lenders and colleges, many in higher education scoffed (off the record) that this was a case of an ambitious politician looking for headlines and that there wasn’t much for his inquiry to find. There’s no doubt that Cuomo, New York State’s new attorney general, is an ambitious politician looking for headlines, but he’s finding more and more to investigate. And some experts on aid are increasingly worried that the scandal is going to scare some students and families away from borrowing or from getting advice from financial aid offices. .
A long-kept Md. secret: interest-free college loans
Undergraduate and graduate students are eligible. There's no age limit. Recipients range from age 17 to 61. To qualify for a loan, you must apply for federal financial aid. You need to have a grade-point average of at least 2.0 on a scale of 4. And you must have a co-signer for the loan so that if you don't repay it, the co-signer would be on the hook. Central Scholarship will begin accepting applications for the 2008-2009 academic year in January. The deadline is May 31. For more details check out the nonprofit's Web site at www.centralsb.org. .
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