College is one of the biggest expenses facing families across New York and the nation. Politicians and educators are actively working to mitigate the financial impact of the high cost of tuition and resulting student debt.
The cost of a college education has been spiraling upward for years, to the point where some call it “a national crisis” — specifically, a debt crisis, expected to have, in the long-run, a negative effect on the U.S. economy.
Students and faculty members from New York's public universities have called on state lawmakers to increase funding for higher education.
Hundreds of students and dozens of employees gathered at New York's state Capitol Tuesday as the Legislature held a hearing on the state's investment in higher education.
In his $142 billion state budget proposal, Gov. Andrew Cuomo has called for nearly $60 million in additional higher education spending and changes intended to make funding more dependent on performance than enrollment.
Student loan debt now outstrips credit card debt in the United States and some are concerned that if college costs cannot be contained, the nation’s future economic growth could be compromised. In today’s installment of our special series on student loans, WAMC’s North Country Bureau Chief Pat Bradley looks at how legislative efforts might impact the cost of college.
The cost of attending the University of Massachusetts for the 2014-15 academic year will not increase for the majority of undergraduates. The state’s taxpayers will be putting more toward the cost of a UMass education.
The University of Massachusetts board of trustees voted to freeze tuition and mandatory fees for in-state undergraduate students for the second year in a row. The back-to-back freeze is a first in recent UMass history.
With student loan debt sailing past the trillion-dollar mark, U.S. Senator Kirsten Gillibrand of New York is once again pitching a proposed law to let federal loan borrowers reduce their student debts by refinancing.
As college student loan debt continues to climb nationally, lawmakers in Massachusetts are proposing some ways to help.
A subcommittee of the legislature’s Joint Committee on Higher Education approved a report this week that contains nine recommendations including trying to decrease the time it takes to earn a college degree, increase state aid, and require all Massachusetts high school students to take a financial literacy course.
BOSTON (AP) — The state's higher education commissioner says more students at Massachusetts public universities and colleges are incurring larger amounts of debt to finance their educations, a trend that could have dire consequences for the region's economy.
The Boston Globe reports that Commissioner Richard Freeland told lawmakers Monday that the risk of incurring high debt could dissuade some people from attending college at a time when the state more needs graduates in science, high technology, and health care to compete in a global economy.