The problem is not college debt, it’s low graduation rates. Fix that, and you fix the economy.
Yesterday, I wrote about Starbucks’ innovative partnership with Arizona State University (ASU) Online to offer a free higher education for its employees. While the program will certainly provide many employees with a low-cost higher education, the education won’t be free because of the many strings attached. Student employees will have to bear significant upfront costs… Read more »
Starbucks and Arizona State University (ASU) Online announced yesterday an innovative partnership to provide a free online college education to thousands of its employees. At first blush, this sounds like a great idea. According to Starbucks, more than 70 percent of its 135,000 employees are currently college students or are aspiring college students. Given the… Read more »
After months of negotiations, the U.S. Department of Education’s Program Integrity Negotiated Rulemaking Committee last week came to a tentative consensus about the definition of adverse credit for PLUS loans. This agreement on PLUS loans is a clear middle-ground approach designed to assuage the institutions that experienced significant revenue loss due to recent changes to… Read more »
Lisa, a single mother who receives approximately $700 a month in Social Security disability payments, qualified for over $45,000 in federal Parent PLUS loans to send her daughter to school. “…It’s something that in my lifetime I couldn’t pay back. Let’s be realistic. With what I get, there was no way,” Lisa explained to Marian… Read more »