July 10, 2014 |
The board governing Pennsylvania's 14 state universities on Tuesday approved a 3 percent tuition increase for 2014-15. Under the plan approved by the Pennsylvania State System of Higher Education's board of governors at its meeting in Harrisburg, full-time in-state students this fall will pay a base tuition of $6,820 a year, a $198 increase from the $6,622 they paid last year. Overall, tuition, fees, and room and board for an in-state student will be $18,500 for 2014-15, up from about $18,000 this year.
July 5, 2014 |
Hold on to your wallets, students at Pennsylvania's state-funded colleges. While much debate over the state's new budget has focused on aid to public schools, a less-noticed element is what the spending plan means for the colleges. It may mean higher tuition. The 14 state-run universities will face a $58 million shortfall in their combined $1.56 billion budget for the new fiscal year if Gov. Corbett signs the budget with no changes. That $29.1 billion plan includes flat funding for most higher-education institutions, including the state system.
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 13, 2014 |
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.
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.
May 9, 2014 |
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.
May 6, 2014 |
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.
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 |
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.
March 8, 2014 |
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.