Latest Education costs News

Will a summer job burn your financial aid for college?

Jul. 18, 2019 10:31 AM EDT

Roughly one-third of teenagers have summer jobs, according to the Pew Research Center. Some of these jobs may make you very familiar with the letters "SPF." But every working student should know a different abbreviation to avoid getting burned: EFC. While you may be working to help pay for college, the money you...

Teachers union sues DeVos over embattled loan relief program

Jul. 11, 2019 6:37 PM EDT

One of the nation's largest teachers' unions sued the U.S. Education Department on Thursday over a federal program that promises to forgive student loans for public workers but has been beset by problems. The American Federation of Teachers filed a federal lawsuit in Washington alleging that the department has...

Powerful Koch network taking on school choice with new group

Jul. 11, 2019 4:13 PM EDT

SEATTLE (AP) — Billionaire industrialist Charles Koch's powerful network that's known for influencing state policy is now targeting education issues like school choice as the movement battles a new wave of hostility from Democrats who oppose charter schools and private school vouchers that use taxpayer...

Missouri governor signs GM tax break bill

Jul. 10, 2019 5:38 PM EDT

JEFFERSON CITY, Mo. (AP) — Missouri Gov. Mike Parson on Wednesday signed a business incentive bill aimed in part at enticing General Motors to expand in the state. The economic development package will allow GM to receive up to $50 million of tax credits over 10 years if it invests $750 million to expand a...

Millennial Money: Investing is well within your reach

Jul. 9, 2019 9:20 AM EDT

News headlines might lead you to believe that millennials are striking out on a growing list of financial accomplishments: homeownership, paying off student loans — not to mention summoning the will to resist high-end coffee or avocado toast. When it comes to investing, they might have a point. Investment...

Liz Weston: Teach your teen about college costs starting now

Jul. 8, 2019 8:07 AM EDT

Many families struggle to pay college expenses for one or two kids. Certified financial planner Sarah Carlson, mother of two sets of twins, will soon have all four of her children in college at the same time. The older twins are already there, to be joined soon by the younger two. But years ago, Carlson started...

How I ditched debt: 'It made our marriage so strong'

Jul. 2, 2019 9:45 AM EDT

In this series, NerdWallet interviews people who have triumphed over debt. Responses have been edited for length and clarity. BAILEY AND RAY ROBERTSON HOW MUCH: $33,456 in 18 months Ray Robertson's debt-payoff journey involves two fateful conversations across the ocean from where he grew up. The first was a blind...

Why wealth gap has grown despite record-long economic growth

Jul. 1, 2019 10:30 AM EDT

WASHINGTON (AP) — As it enters its 11th year, America's economic expansion is now the longest on record — a streak that has shrunk unemployment, swelled household wealth, revived the housing market and helped fuel an explosive rise in the stock market. Yet even after a full decade of uninterrupted...

Talk show host Steve Harvey to cover students' college costs

Jul. 1, 2019 7:21 AM EDT

KENT, Ohio (AP) — Talk show host, comedian and game show host Steve Harvey has committed to covering the college costs for eight incoming freshmen at his alma mater in Ohio. Kent State University said in a release that The Steve & Marjorie Harvey Foundation has worked with Kent State University to...

Supreme Court to review Montana school choice program

Jun. 28, 2019 5:50 PM EDT

WASHINGTON (AP) — The Supreme Court will consider reviving a Montana program that gives tax credits to people who donate to private-school scholarships. The state's highest court had struck down the program because it violated the Montana constitution's ban on state aid to religious organizations. The...