October 30, 2014 |
Two months before Rep. Chaka Fattah's bid for an 11th term in Congress, a longtime aide and friend admitted conspiring to misuse federal, charitable, and campaign funds to repay loans for Fattah's losing mayoral campaign and his son's college tuition. Accused in the plea of initiating the schemes, Fattah took days to defend himself and longer to produce more than a terse, generic denial. Even now, rather than address the details of the allegations, the Philadelphia Democrat prefers to draw attention to his achievements in Congress, the excesses of federal authorities, and the presumption of innocence.
October 14, 2014 |
Hirtle Callaghan & Co., a West Conshohocken investment shop with a long view of the markets, thinks there are way too few cheap asset classes out there. Jonathan Hirtle cofounded the firm in 1988 with Don Callaghan, now retired, and the company oversees $25 billion in assets with just over 100 employees. Currently, bonds everywhere are "quite risky," Hirtle said in an interview, particularly because central banks around the world have followed the Federal Reserve and aggressively cut interest rates.
September 28, 2014 |
Is your college student living at home this year? You can charge your kid rent, and be paid out of the 529 college-savings plan you set up years ago. Most important: The student must be enrolled at least half-time in school. According to accounting and tax experts, withdrawals from a 529 education fund can be used to cover housing expenses even if students continue living with their parents while attending college. Some experts, such as Rosalind Sutch of Drucker & Scaccetti Certified Public Accountants/Business Advisors in Center City, say it's crucial to be careful about how you account for those expenses out of a 529 plan.
June 24, 2014 |
When Delina Adams found out she'd been named an Affinity Scholar, she started screaming. Her mother ran down the stairs of their Northeast Philadelphia home. "She thought I was dying," Delina said. A few days after the phone call from her college adviser, Delina held an official letter from Mastery Charter Schools, dated April 2, confirming she was one of its 35 Affinity Scholars. The letter suggested to the family a great cloud had been lifted. "You will receive over $150,000 in financial aid (inclusive of scholarships and grants)
June 12, 2014 |
Pennsylvania's financially strapped state system of higher education will face a new test: A comprehensive review by the state's auditor general. In recent years, the 14-university Pennsylvania State System of Higher Education (PASSHE) has seen declining enrollment and stagnant state funding, as well as a bid by one its members, West Chester, to consider withdrawing from the system. "College tuition and other costs are rising and we need to look at every possible option to keep from making college unaffordable to middle class families," Auditor General Eugene DePasquale said in a statement.
June 9, 2014 |
Congratulations to high school graduates in May and June are being followed by family complaints about college tuition in August and September. No wonder state university bills are up: Pennsylvania and New Jersey are giving $2,200 less per student to their colleges than in 2008, according to inflation-adjusted data collected by the Center for Budget and Policy Priorities from state records. And no wonder some of Pennsylvania State University's alumni trustees are grousing that, with less than $300 million of its $4.4 billion budget now appropriated from the state, Harrisburg shouldn't have so much to say about Happy Valley's agenda.
March 1, 2014 |
Despite President Obama's focus on the soaring costs of a college education, area universities are poised to again raise their prices in excess of the core rate of inflation. Costs at the University of Pennsylvania in 2014-15 will exceed $60,000 for the first time, under a fee increase announced at the board of trustees meeting Thursday. That's a 3.9 percent increase over last year's overall tuition, fees, and room and board. Several other private colleges and universities around the region also have set their cost increases for next year, ranging from a low of 3 percent at Swarthmore College to 4.4 percent at Immaculata University.
January 26, 2014
A story Jan. 8 incorrectly described Oklahoma's policies on in-state college tuition for undocumented immigrants. The Oklahoma State Regents for Higher Education allows certain undocumented students to qualify for resident tuition at public colleges and universities within the Oklahoma state system.
December 14, 2013 |
TRENTON - A bill qualifying undocumented immigrants for in-state college tuition rates cleared an Assembly committee Thursday, moving one step toward reaching the desk of Gov. Christie - who has said he would not sign it. The apparent impasse did not stop Democratic lawmakers and supporters of the bill from celebrating its release from the Budget Committee, which dropped an earlier in-state tuition proposal and advanced the same measure - giving undocumented...
December 6, 2013 |
TRENTON A Latino leader who is an ally of Gov. Christie on Wednesday accused state Senate President Stephen Sweeney (D., Gloucester) of playing politics and jeopardizing a bill that would allow undocumented immigrant students to pay in-state college tuition. By insisting that the bill include access to financial aid - which Christie says he will not support - Sweeney risks losing the chance to pass tuition equality legislation long awaited by the state's Latino community, said Martin Perez, president of the Latino Leadership Alliance of New Jersey.