student debt
UNC-Asheville will cover tuition, fees for families making less than $80K
UNC-Asheville will cover tuition and fees for North Carolina first-year students and transfer undergraduates whose families make $80,000 or less, the university announced Thursday. The Access Asheville program, similar to one announced by UNC-Chapel Hill in July, would cover the costs through grants and scholarships. It has the potential to impact more than half of […]
Legal Aid lawyers carved out of tuition assistance program in latest budget
Under the latest state proposal budget, the North Carolina Legal Education Assistance Foundation would still provide tuition assistance for prosecutors and public defenders — but not Legal Aid lawyers. The carveout, located on page 413 of the most recent version of the state budget Republican lawmakers will vote on this week, restricts NC LEAF funds […]
Game changer: Duke to provide full tuition for some NC and SC students.
One of the biggest financial worries for parents of high-school age children is whether they can afford to send their child to college. Duke University erased that worry for some families on Tuesday in announcing that starting this fall the university would provide full tuition grants for its undergraduate students admitted from North Carolina and […]
Biden to wipe out $10,000 in student loan debt for many borrowers
WASHINGTON — President Joe Biden announced Wednesday that he will cancel up to $20,000 in federal student loan debt for Pell Grant borrowers and up to $10,000 for all other borrowers with an income of less than $125,000 for an individual and $250,000 for a household. Biden also announced his administration is extending a pause […]
Biden administration resists Democrats’ pleas on student debt relief as deadline nears
WASHINGTON — Congressional Democrats are urging the White House to extend the freeze on student loan repayments, and for the president to cancel up to $50,000 of student debt — but so far the administration is not budging. The standoff is one of the more noticeable splits between President Joe Biden and members of his […]
Biden extends freeze on student loan payments to Jan. 31
WASHINGTON—The Biden administration announced Friday afternoon that it is extending the pause on federal student loan repayments until January of next year, as the delta variant of the coronavirus surges across the country. “As our nation’s economy continues to recover from a deep hole, this final extension will give students and borrowers the time they […]
Student debt fueling black-white wealth divide
The gap between black and white student debt is large and growing, according to a new paper from the Center for Demography and Ecology at the University of Wisconsin-Madison. The paper, “Racial Disparities in Student Loan Debt and the Reproduction of The Fragile Black Middle Class” tackles the way in which “the burden of rising debt is […]
Greensboro teacher to address Philadelphia convention tonight
Dave Wils doesn’t want to think about the viewing audience when he takes the stage at 8 p.m. tonight at the Democratic National Convention in Philadelphia. The Wells Fargo Center holds just a shade under 20,000, but given live streaming of the convention and video on C-SPAN, mixed with the occasional coverage for the less […]
The “genius” of the market: For-profit colleges are ripping off NC students, targeting African-Americans
In case you missed it, the good folks at the Center for Responsible Lending released a powerful new report recently highlighting the destructive impact that scammers in the for-profit college industry are inflicting on thousands of students they’re supposed to be helping. This is from a summary prepared by co-author Whitney Barkley: High costs, low […]
In the wake of for-profit college collapses, a long road to student loan debt relief
State and federal regulators announced a string of court victories and settlements involving predatory for-profit colleges in recent weeks, and while at first glance the numbers are big and the recognition of widespread deception precedential, the impact on student borrowers laden with loan debt might not be so direct. In late October, a federal judge […]
The latest through-the-looking glass take on higher education from the Pope empire
The Pope Center for Higher Education is out with a new article in which it laments the fact that student loan debt and loan defaults are both up in North Carolina. This is obviously not an unimportant problem and so good for them for raising it. As one might have suspected, however, the group’s conclusion […]