A new study from the American Council on Education and the Center for Policy Research and Strategy found a graduation rate of 43% for students who enrolled at a four-year historically black college or university in 2007, higher than the 34% reported by federal statistics. Jonathan Turk, senior policy research analyst at ACE, says federal data are incomplete, counting only full-time students and omitting transfer statistics.
The deadline for students filing their Free Application for Federal Student Aid was earlier last year, but most colleges did not respond by changing their deadlines, according to a survey by the National Association of Student Financial Aid Administrators. The FAFSA change was aimed at giving families more time to review aid offers, but did not lead to students choosing their college earlier.
The leaders of 14 historically black colleges and universities recently met with the Human Rights Campaign to discuss strategies to improve inclusion of lesbian, gay, bisexual, transgender and queer students. Many of the institutions have committed to diversity training for students, staff and faculty as well as providing safe spaces and bathroom accommodations, officials say.
House Republicans are preserving some funding for higher education in their federal budget proposal, including funding for programs designed for low-income students, while eliminating funds for the Child Care Access Means Parents in School program. Lawmakers also have included plans to take $3.3 million in reserves from Pell Grants on top of a $1.3 billion cut in the program.
An annual report from the Education Department's National Center for Education Statistics shows a decrease of 5.6% in the number of colleges and universities eligible to award federal student aid from 2015-16 to 2016-17. The fourth straight decline in those numbers includes not just many for-profit schools, but more than 30 private nonprofit institutions, the data showed.
Out-of-pocket spending by parents for their children's college education dropped from 29% to 23% of the overall cost paid during the 2016-17 school year, according to a new report from Sallie Mae. That's the lowest amount parents have spent since 2009, but data show much of it is being made up in student loans which increased from 13% to 19% of the total tuition cost.
Amid state budget cuts, college and university leaders are seeking new ways to boost fundraising, including implementing programs to keep future alumni connected and eliminating some sports. As far as state funding goes, John Hennessy, former president of Stanford University, says leaders must make the case that their institutions are vital to closing skill gaps and improving the economy.
Sixty-five percent of millennials say they are more concerned about their current financial situation than any other personal matter, including relationships and job insecurity, according to a report from BMO Wealth Management. Stephen Williams, BMO's senior vice president of wealth planning, recommends IRAs, Roth IRAs and 401(k)s as retirement-savings vehicles, which he also says are the best ways for millennials to save for major purchases.
Searching for a job is often like a marathon, so Katharyn Stober, the associate director for graduate student services at the Texas A&M University Career Center, suggests treating it like running by making it part of a daily schedule and finding a buddy for support and accountability. Runners do occasionally take breaks for recovery, she notes, and she suggests ways to balance the search with time for relaxation.
Purdue University President Mitch Daniels discusses some of the issues today's college presidents face, including the changing demographics of students and the emergence of alternative credentials. In this Q&A, Daniels says the acquisition of the for-profit Kaplan University by Purdue was a strategic move to reach out to more nontraditional students.
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