Wednesday, July 6College Admissions News

Financial Aid

Earnest Student Loan Review: Industry-Best Repayment Flexibility
Financial Aid

Earnest Student Loan Review: Industry-Best Repayment Flexibility

Earnest is an online company that has refinanced $16.4 billion in student loans since its founding in 2013. It also makes in-school loans for undergraduate, graduate and professional students, as well as their parents. While it’s been acquired by industry veteran Navient in 2017, Earnest has still maintained its innovative practices. Refinancing borrowers with excellent credit can expect access to as many as 180 repayment term options. Borrowers of private student loans, meanwhile, are promised an extremely flexible repayment, including the ability to skip one payment per year. Earnest student loan refinance review Earnest student loan refinance allows borrowers — including parents — to refinance federal and pri...
MyFedLoan Review: Managing Your Student Loan Repayment
Financial Aid

MyFedLoan Review: Managing Your Student Loan Repayment

MyFedLoan might not be your federal loan servicer anymore — or for much longer. FedLoan Servicing, which operates the MyFedLoan online platform, is due to stop managing federal loan accounts when its contract with the Department of Education expires in December 2022. Whether your federal loans have already been transferred away from MyFedLoan or soon will be, it’s imperative to stay on top of changes to your servicer. It’s the company that can help — or, unfortunately, harm — your chances of successfully navigating repayment. Here’s our MyFedLoan review: everything you need to know about this outgoing servicer, when your account may be transferred and what options you have to manage your debt, both now and in the future. (Note that the situation for student loan...
College Ave Student Loans Review 2021
Financial Aid

College Ave Student Loans Review 2021

College Ave Student Loans refinances and lends education debt to students at every level of higher education, as well as their parents. Founded by two ex-Sallie Mae executives in 2014, College Ave touts itself as an upstart competitor that beats out traditional lenders. Applicants who are refinancing or borrowing for the first time with College Ave can expect a greater degree of flexibility than is offered by your local bank or credit union, plus a prequalification process that won’t waste time. College Ave Student Loans review: Refinancing The online-only College Ave is a sensible choice to consider when shopping around for student loan refinancing. It allows borrowers to prequalify and receive potential intere...
Is Biden Positively Impacting Student Loan Debt?
Financial Aid

Is Biden Positively Impacting Student Loan Debt?

Consider the coronavirus pandemic — and throw in the passage of time and perceived inaction — and it’s clear that student loan borrowers are losing optimism that relief is on the way. About 4 in 10 Americans with education debt now say they expect the President Joe Biden-led White House to positively impact their loan repayment, according to our latest survey of 1,000-plus borrowers. That’s down from nearly 7 in 10 borrowers who said the same in December 2020 as Biden was preparing to assume the Oval Office. Though borrowers’ confidence in federal support, such as mass student loan forgiveness, is waning, a slight majority of survey respondents admit they’re managing their repayment with the potential for forgiveness in mind. More than a quarter of borrowers stil...
 Enforcement Unit Reconstituted to Protect Student Aid Against Waste, Fraud, and Abuse
Financial Aid

 Enforcement Unit Reconstituted to Protect Student Aid Against Waste, Fraud, and Abuse

The Biden administration recently announced the reconstitution of an office designed to safeguard taxpayer-funded student aid dollars and protect students from predatory colleges. The previous administration had “deprioritized” the department tasked with enforcement of student protection regulations within the Office of Federal Student Aid in a move viewed by pro-student advocates as enabling problematic behavior on the part of predatory colleges. The history of waste, fraud, and abuse in federal student aid programs has followed a cyclical pattern, as successive political administrations imposed widely differing regulatory structures that alternately clamp down on or tolerate high-risk behaviors that particularly surface in for-profit higher education. In 1991 and again in 2012, sele...
Survey: Not Financially Ready to Resume Payments
Financial Aid

Survey: Not Financially Ready to Resume Payments

Rumblings emerged from Washington, D.C., in early March that the White House was considering yet another extension of the pandemic-inspired moratorium on federal student loan repayment. That would be welcome news for a majority of borrowers nationwide. Nearly 3 in 4 federal student loan holders report not being financially ready to resume monthly payments if the freeze on interest and dues expires as scheduled on May 1, according to the latest Student Loan Hero survey of 1,050 borrowers. (APRIL 6 UPDATE: There’s good news for these borrowers as the moratorium has been extended through Aug. 31, 2022.) The survey also indicates that the majority of moratorium-eligible borrowers have used their monthly savings to pay for basic necessities, while borrowers whose loan...
Financial Aid

A Student’s Guide to Finding the Best College Scholarships

Raising money for college can seem daunting with tuition, textbook fees, and living expenses to consider. Receiving scholarships and grants can make a big difference toward defraying the high cost of college. College financial aid packages typically don’t cover all costs and often include student loans. Applying for scholarships and grants takes time and patience, but has significant long-term benefits. These awards will help you pay for college without the financial burden created by student loans because unlike student loans, scholarships and grants don’t require repayment. Any funds you receive from these programs are considered gift aid. There are a wide range of scholarships and grants, including need-based awards, merit-based awards, and more. Here are a few simple ways to opt...
Moratorium Will Save Borrowers Average of $6,949
Financial Aid

Moratorium Will Save Borrowers Average of $6,949

While the coronavirus pandemic has posed financial challenges for many over the past nearly two years, student loan borrowers have enjoyed some relief in this period. In March 2020, the government paused student loan payments and interest on eligible federal loans. Since then, the student loan moratorium has been extended five times, most recently through May 1, 2022. (UPDATE: The moratorium in early April was extended for a sixth time, through Aug. 31, but this study was based on the May 1 end to the pause.) This long-term, zero-interest forbearance is resulting in major savings for borrowers — $145 billion in total, according to Student Loan Hero researchers. Analysts estimate the typical borrower in active repayment will have kept $6,949 that would have otherw...
Vermont Student Loans: Debt Statistics
Financial Aid

Vermont Student Loans: Debt Statistics

Vermont borrowers have an average balance of $35,276 in federal and private student loans, 4% below the national average of $36,689. Those going to school in the Green Mountain State can tap into incentives like the Catamount Commitment, which covers tuition and fees — in full — for University of Vermont students receiving federal Pell grants. While both need- and merit-based programs are available, many students lean on federal and private loans to cover the cost of going to college. Here’s a look at Vermont student loans and repayment options. Vermont student loans: Borrowers owe average of $35,276 in federal, private debt College students in Vermont borrow, on average, $35,276 in federal and private loan debt. Compa...
Just Admit It: What is the Transfer Admissions Process Like?
Financial Aid

Just Admit It: What is the Transfer Admissions Process Like?

Just Admit It: What is the Transfer Admissions Process Like?Learn the Ins and Outs of the Transfer Admissions Process With approximately one in three students choosing to transfer colleges at least once during their undergraduate career, it’s important to have a clear understanding of the admissions process. While there are some parallels to first-year admissions, there are also some key differences that transfer applicants must be aware of. If you’re considering transferring colleges, preparing in advance and doing your research can help set you up for success. Keep reading to learn more about our tips for transfer applicants and check out our Just Admit It! podcast episode for even more insights on the topic. Understand Your Why Every student may feel frustrated with their college exper...
Is Journalism Dead? Gray Data Reveals Some Interesting Facts
Financial Aid

Is Journalism Dead? Gray Data Reveals Some Interesting Facts

Is Journalism Dead? Gray Data Reveals Some Interesting Facts“The rumors of my death are greatly exaggerated,” Mark Twain   Competition in Journalism   Journalism is the 40th largest program in the country, with over 11,000 students completing the program in 2019.  International students show a great interest in journalism programs as well, putting journalism in the top 4% of international web page views.  However, competition for these students, as well as the job market, indicate a bleaker picture.  For all award levels, completions fell 11.5% and the number of programs fell 2.5% from 2014 - 2019.     Journalism Keyword Searches   Our data shows that in April, Google keyword searches for journalism programs decreased 15% year-over-year.  Student interest had grown for nine months before...
NACAC View: Bans on Critical Race Theory are Harmful to Students and Educators
Financial Aid

NACAC View: Bans on Critical Race Theory are Harmful to Students and Educators

NACAC View: Bans on Critical Race Theory are Harmful to Students and Educators iStockBy Crystal E. Newby and David A. Hawkins To say race relations in the United States have been tumultuous over the last year is an understatement. Many Americans and individuals worldwide watched the horrific footage of the murder of George Floyd at the hands of police in May 2020. And although one of his killers has since been convicted and jailed, we continue to watch the loved ones of Ahmaud Arbery and Breonna Taylor fight for justice. It seems like every day there is an incident in the news where a Black student is forced to cut their hair to compete in a sporting event or to walk in their high school graduation ceremony. There have even been instances when white educators made derogatory remarks toward...
Financial Aid

Dartmouth drops cheating charges against med students, apologizes for flawed investigation

Dartmouth drops cheating charges against med students, apologizes for flawed investigationDartmouth’s Geisel School of Medicine announced that it has dropped all charges against more than a dozen medical students investigated for electronic cheating after they were accused of accessing online course material during remote exams. FIRE and the Electronic Frontier Foundation first alerted Dartmouth back in March that there was not enough evidence to charge the students. FIRE and EFF also raised concerns about student reports of serious due process violations.In an email last night, Geisel Dean Duane Compton said new information was obtained from its e-learning system, Canvas, and suggested the technical data that formed the basis of the charges was indeed insufficient. Compton apologized to t...
She spoke up when a professor wronged her. Then Sam Houston State expelled her.
Financial Aid

She spoke up when a professor wronged her. Then Sam Houston State expelled her.

She spoke up when a professor wronged her. Then Sam Houston State expelled her.Graduate student Phelan Dickerson has had a long history of difficulties in her Clinical Mental Health master’s degree program at Sam Houston State University. Not one to stay quiet when she sees others wronged, Dickerson has been an outspoken advocate for change within her program. Now, ignoring its obligations under the First Amendment, Sam Houston has dismissed Dickerson from the program because of her candid attitude. As FIRE has reminded Sam Houston in two letters now, a public university cannot punish students for sharing their opinions, including on social media, even when those opinions may cast the school or the program in a negative light. Here are the facts as reported to FIRE by Dickerson. Sam Housto...
Financial Aid

Troubling AAUP report documents rampant violations of shared governance, with implications for academic freedom

Troubling AAUP report documents rampant violations of shared governance, with implications for academic freedomAs the COVID-19 pandemic warped higher education over the past year, an occasional point of observation was the effect that the financial strains wrought by the pandemic would have on tenure and shared governance. This has been an abiding concern of the American Association of University Professors, which last September announced an investigation into several institutions’ practices. Last week, the AAUP released its special report on “COVID-19 and Academic Governance” and, not surprisingly, it makes for unhappy, sometimes shocking, reading. As the AAUP’s report extensively chronicles, the institutions unilaterally shuttered academic programs and laid off tenured faculty without de...