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NEWS
June 24, 2014 | By Casey Fabris, Inquirer Staff Writer
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)
NEWS
June 13, 2014 | By Jonathan Lai, Inquirer Staff Writer
Rowan University's board of trustees on Wednesday approved a 1.9 percent increase in undergraduate tuition and fees for the next academic year. The board, meeting in Camden, also voted to increase meal plan rates an average of just under 0.5 percent and university housing an average of 2.8 percent. Tuition and fees for full-time undergraduate students from New Jersey will increase to $12,616 from $12,380. Out-of-state students will pay $20,570, up from $20,186. "We want to make sure that the cost of education does not rise beyond the means of our students," said Ali A. Houshmand, Rowan's president, saying tuition and fees had risen an average of 1.6 percent over the last three years.
NEWS
May 30, 2014
WHEN I SEE college graduates celebrating their achievement, I can't stop wondering about all the loans many will be paying off for years to come. But it also makes me relieved that my husband and I set up 529 plans for our children. This is why I'm celebrating 529 College Savings Day today (get it, 5/29?). And the best thing is, I don't have to buy a greeting card. Nevertheless, I was surprised to learn that most people aren't even aware of this vehicle to save for college, even those who are likely to have the income to make this investment.
NEWS
May 9, 2014 | By Jonathan Lai, Inquirer Staff Writer
GLASSBORO Rowan University's president on Wednesday recommended a 1.9 percent increase in undergraduate tuition and fees for the next academic year. President Ali A. Houshmand told the board of trustees, who ultimately will set the price, that his 2014-15 proposal meets his pledge that increases never exceed the rate of inflation. "We genuinely wanted to come up with facts and figures before we made the final decision," Houshmand told the trustees and about 15 students who attended a tuition hearing on campus.
BUSINESS
May 6, 2014 | By Erin E. Arvedlund, Inquirer Columnist
When paying for college, treat the family as a business, with a finite pile of dollars available to pay for your child's tuition. Once you hit that number, make the hard, emotional choices. Stan Molotsky, of SHM Financial Group, financial planners with locations in Collingswood, Voorhees, and Toms River, plays bad cop for many of his client families. His advice to parents with kids matriculating to expensive universities is that they don't need to put themselves or their children in massive debt to get those degrees.
BUSINESS
March 19, 2014 | By Erin E. Arvedlund, Inquirer Columnist
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)
NEWS
March 12, 2014 | By Jeremy Roebuck, Inquirer Staff Writer
The Archdiocese of Philadelphia will end its eight-year practice of providing parochial school tuition to children of clergy sex-abuse victims at the end of this school year, citing low participation and a desire to refocus its spending on efforts that directly aid the abused. The news, quietly announced to participants last spring, has drawn the ire of beneficiaries who count the decision as yet another betrayal by church officials. And it has come as a surprise to people who were potentially eligible for help but say they were never told about the program.
NEWS
March 8, 2014 | By Susan Snyder, Inquirer Staff Writer
A proposal that would allow West Chester University to withdraw from the state's financially strapped higher-education system could hit students and parents in the pocketbook, the system's chancellor warned Thursday. Were West Chester to become a "state-related" school like Pennsylvania State University, it would most certainly mean higher tuition, fees, and other costs, said Frank T. Brogan, chancellor of the Pennsylvania State System of Higher Education. Students at Penn State's main campus pay $26,362 annually in tuition, fees, and room and board, compared with about $17,000 annually on average at the 14 state system universities.
NEWS
March 2, 2014 | By Susan Snyder, Inquirer Staff Writer
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.
NEWS
March 1, 2014 | By Susan Snyder, Inquirer Staff Writer
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.
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