Latest Student finances News

University board of trustees to consider bonus for Schill

Dec. 8, 2019 2:05 PM EST

EUGENE, Ore. (AP) — The University of Oregon Board of Trustees plans to meet Tuesday to consider awarding a $100,000 bonus to president Michael Schill. Students and staff have seen Schill’s $720,000 salary and annual bonuses as being at odds with the university’s statements that it does not...

Students keep driving protests demanding change in Chile

Dec. 8, 2019 12:01 AM EST

SANTIAGO, Chile (AP) — Nearly two months ago, Catalina Santana jumped a turnstile in the Santiago metro and helped launch a movement that changed the course of Chilean history. Student protests over a fare hike morphed into a nationwide call for socioeconomic equality and better social services that...

Correction: CNS-Student Debt story

Dec. 7, 2019 11:15 AM EST

A Dec. 5 correction to a Capital News Service story that ran Dec. 3 about student loan debt incorrectly said the interest rate for federal student loans increased by 10.3% in 2019. The interest rate decreased by 10.3%. The correction also said federal student loans are usually based on financial need. While...

Correction: NerdWallet-These Employers Pay story

Dec. 6, 2019 3:38 PM EST

In a story Nov. 14 about companies’ student loan repayment help, The Associated Press — in an article supplied by the personal finance website NerdWallet — reported erroneously what Raytheon employees can receive through the program. The program does not allow employees to use the company...

UNR promoting free-tuition for low-income students

Dec. 5, 2019 8:03 PM EST

RENO, Nev. (AP) — The University of Nevada, Reno is reaching out to prospective students about financial aid opportunities for lower income families. School officials hosted a news conference Thursday with students who have received free tuition, fees and books from the Nevada Guarantee program. Shannon...

Senate passes bill to save funding for black colleges

Dec. 5, 2019 6:23 PM EST

The Senate on Thursday passed a bipartisan deal that would permanently restore funding to historically black colleges and universities and other schools that serve large shares of minority students. The legislation also would simplify the federal form used to apply for student financial aid. Although the amended...

Education Secretary pushes school vouchers at Arizona event

Dec. 5, 2019 3:18 PM EST

SCOTTSDALE, Ariz. (AP) — U.S. Education Secretary Betsy DeVos on Thursday touted her $5 billion plan to fund tuition for private school students, telling a room of supportive parents and lobbyists that it would improve the quality of education. DeVos praised Arizona's devotion to school choice programs...

DeVos calls for making financial aid unit a separate agency

Dec. 3, 2019 4:24 PM EST

Education Secretary Betsy DeVos says Congress should consider splitting her department’s financial aid operation into a separate federal agency with the flexibility to operate like a private bank. DeVos made the comments Tuesday in Reno, Nevada, at an annual conference hosted by the Education...

Sen. Paul offering bill to combat student loan debt

Dec. 3, 2019 3:24 PM EST

FRANKFORT, Ky. (AP) — U.S. Sen. Rand Paul wants to combat the rising debt load engulfing college students by allowing families to use their retirement savings to pay off their loans. The Kentucky Republican introduced federal legislation late Monday that would allow students to dip into retirement accounts...

Personal finance courses get a boost in Pennsylvania schools

Nov. 29, 2019 12:55 PM EST

HARRISBURG, Pa. (AP) — Pennsylvania will require public schools to allow students to apply personal finance class credits toward high school graduation requirements. Gov. Tom Wolf signed the bill this week and it will take effect in the 2020-21 school year. Under the new requirement, a student who...