August 29, 2015 |
For the second time in a decade, Cheyney University has failed to properly manage financial aid that it awards students, and as a result may owe the U.S. Department of Education more than $29 million. Errors were found in nearly 85 percent of about 4,400 financial aid records reviewed from 2011 to 2014, according to a report released Thursday by the Pennsylvania State System of Higher Education. The university, one of 14 in the system, could not provide high school transcripts for 45 percent of the students who received aid during that period, the system said.
May 29, 2015 |
TRENTON - New Jersey's colleges should reconsider the traditional "high aid, high tuition" funding model long in place, a task force on college affordability was told Wednesday. Steven M. Rose, president of Passaic County Community College, said he believed the funding model had grown unconsciously over time: When the state cut or limited funding, public colleges and universities would raise tuition, and the state money would go toward financial aid instead. Students from wealthy families can pay full price, Rose said, and students from low-income families can receive financial aid. But the students in the middle can get caught in the gap between being able to afford college and qualifying for need-based financial aid, said Rose, who also is chairman of the New Jersey Presidents' Council, an organization of the state's college and university presidents.
July 18, 2014
TEMPLE University announced yesterday that tuition for undergraduate students will increase by 3.7 percent starting this fall. The university's board of trustees approved the increase, which will cost students an additional $600 this coming year. Tuition will be $14,006 for in-state residents and $24,032 for out-of-state students. Mandatory fees will remain at $690. Last year, Temple had more than 28,000 undergraduate students. The board attributed the increase in tuition to enhancements in student services and contractual salary increases.
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)
May 25, 2014 |
FOR 18-YEAR-OLD Reginald Nelson of Nicetown, winning a Gates Millennium Scholarship allowed him to secure his place in Bucknell University's graduating class of 2018. "If I don't get it," Nelson told himself prior to winning, "I have to find another way to pay for college. " The senior, who will major in mechanical engineering, heard the good news when he stepped outside his psychology class at Mastery Charter School-Thomas Campus in South Philly to answer a call from his mother.
March 19, 2014 |
Paying for college tests the financial mettle of every family. So we highlight a program that may help you save and get a tuition discount regardless of whether you qualify for financial aid. The Tuition Reward Points program offers discounts off the "list price" of college when you make deposits to a qualifying account at a participating institution. Similar to frequent flier miles, you save and you earn points, which add up to dollars off of the college price tag. This isn't a 529 plan, and these Tuition Rewards Points aren't "hard" dollars, so the savings aren't considered to be a family asset and thus have no effect on the Expected Family Contribution (EFC)
March 12, 2014
Harbingers Having heard the wailing of the frozen, huddled masses yearning for warm whispers of a season seemingly lost, it is time to remember (with apologies to New York Sun editor Frank Church) that, yes, Virginia - and your friends are wrong to doubt it - there is a season called spring. It exists this time of year in a place you cannot touch, see, taste, or smell, but it is there, hidden behind a veil of cold. The hard snowpack will give way, returning to its more pleasing form in ponds and birdbaths alike, welcoming the feathered folk that begin their return, towing the warm sun like a fiery chariot, transporting our longer, milder evenings back from their overwintering grounds.
March 2, 2014 |
The University of Pennsylvania is launching a $240 million fund-raising campaign targeted specifically for financial aid - an effort to bolster its policy of providing all grants and no loans to students in need, school officials said Friday. The effort was announced at the board of trustees meeting. To start the "Penn Compact 2020 Presidential Initiative," the university is seeking $1 million in donations from at least five individuals, which Penn will match. If the effort is successful, Penn will have raised $600 million for financial aid over the last decade.
February 28, 2014 |
The University of Pennsylvania is launching a $240 million fundraising campaign targeted specifically for financial aid - an effort to bolster its policy of providing all grants and no loans to students in need, school officials said Friday. The new effort was announced at the board of trustees meeting Friday. To kick off the "Penn Compact 2020 Presidential Initiative," the university is seeking $1 million donations from at least five individuals that the university will match.
January 23, 2014 |
TRENTON - Praising a New Jersey that "put aside political partisanship" while battling economic recession and weathering Hurricane Sandy, Gov. Christie delivered an inaugural address Tuesday that emphasized compromise and resilience, with no mention of the scandal that has been a cloud over his administration in recent weeks. "We started this journey together in a dark and foreboding time in our history, when hope was at a premium and trust had been squandered by a government who had been unwilling to tell you the truth," Christie said after he was formally sworn in for a second term at the War Memorial in Trenton.