The new FAFSA is causing problems, resulting in a significant decline in college financial aid applications. As a result, 2.6 million fewer FAFSAs have been submitted this year, causing delays and preventing many students from applying for aid. This situation has led to concerns about reduced college enrollment and the availability of grants for students.
Ethiopia's state-owned Commercial Bank of Ethiopia experienced a glitch that allowed customers to withdraw excessive funds. Over $40 million was withdrawn, primarily by students. The bank has suspended transactions and urged universities to request students to return any excess withdrawals. The bank denies a cyber attack and claims its ATM services are now operational.
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.
