It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
President Biden announced a revised plan to forgive student loans, which will benefit tens of millions of Americans. This plan is narrower than his original effort, but it targets specific borrowers with financial hardship or those who have been in repayment for a long time. The revised plan aims to forgive up to $20,000 of unpaid interest for borrowers and could erase or reduce balances for many. Biden hopes this effort will survive legal challenges and help address the burden of student debt in the country.
Ivy Day, when Ivy League schools announce admissions decisions, is approaching. However, some students are becoming more skeptical about these elite institutions due to confusing application processes, recent scandals, and rising costs. Despite this, the allure of Ivy League degrees remains strong, with studies showing increased earning potential and access to elite graduate schools and prestigious firms. However, concerns remain about the perpetuation of privilege due to the higher admission rates of students from high-income families.
Women carry the majority of the country's student debt, with factors such as caretaking responsibilities and gender pay gaps contributing to the burden. Experts recommend exploring options like income-driven repayment plans, loan deferments, and hybrid financial planning to manage debt. However, prioritizing retirement savings and children's education should be balanced with personal financial needs.
Soaring college tuition costs are leading to a surprising shift: parents are increasingly employed by universities to gain access to discounted or free tuition for their children. In some cases, parents can qualify after a few years of employment.
This trend is important because it highlights the rising cost of higher education and the creative ways parents are seeking to finance their children's education.
Albert Einstein College of Medicine in New York City has become tuition-free for all students thanks to a historic $1 billion donation by a former professor. This transformative gift aims to eliminate financial barriers for diverse applicants and break down the decades-long burden of medical school debt. The donation is set to revolutionize healthcare access, attract a broader range of students, and has the potential to reshape the future of medical education.
