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Contest offers winners free tuition

April 25, 2012

A New York college recently held a contest with a valuable prize. Clarkson University's Young Entrepreneurs and Innovators Competition invited individuals to present a business idea to a panel of experts in exchange for college tuition to the university - a prize worth more than $37,000 per year, according to CNN.
In exchange, the school will purchase a 10 percent stake in each of the winning firms.…

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President Obama outspoken on student loan rates

April 25, 2012

President Obama is speaking out about the impending increase in student loan interest rates at colleges around the country.
During recent campaign stops at universities in North Carolina, Colorado and Iowa, the president urged Congress to freeze the interest rate on subsidized Stafford student loans. Interest rates are scheduled to nearly double from 3.4 percent to 6.8 percent if Congress doesn't act by July 1.…

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California students protest rising tuition

April 12, 2012

A proposed change in pricing at a California community college resulted in a heated protest.
About 30 students from Santa Monica College were recently pepper sprayed while protesting outside of a meeting in which officials were discussing a new tuition plan. The proposal was to offer popular classes such as English, math and science at a higher cost than other classes.…

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Many seniors facing college loan debt

April 12, 2012

Pursuing a college degree can be an expensive endeavor. The College Board reports that for the 2011-2012 school year public four-year colleges are charging an average of $8,244 in tuition and fees for in-state students, while out-of-state students pay an average of $12,526. Private nonprofit four-year colleges charge an average of $28,500 per year in tuition and fees.
Many people have turned to loans to help finance their college education.…

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Students seek help on scheduled interest rate hike

April 4, 2012

A recent report from the National Association of Consumer Bankruptcy Attorneys (NACBA) revealed that college seniors who graduated with student loans in 2010 owed an average of $25,250. In addition, 81 percent of bankruptcy lawyers say they have witnessed the number of individuals with college loan debt increasing either "significantly" or "somewhat" over the past few years.
While paying college loan debt is already a challenge for some borrowers, the problem is expected to get even worse, as interest rates on subsidized Stafford student loans are scheduled to nearly double from 3.4 percent to 6.8 percent if Congress doesn't act by July 1.…

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Law schools most likely to land you in debt

April 4, 2012

The U.S. Bureau of Labor Statistics (BLS) reports that the competition for finding a job as a lawyer is expected to be strong because there are more students graduating from law school than there are jobs available.
Many choose to pursue a law degree, which requires three years of professional school after earning a bachelor's degree, because of the high salaries associated with the profession.…

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Colleges that guarantee you’ll graduate in four years

March 9, 2012

While many people choose a college based on its reputation or whether or not it offers their major, some cost-conscious students may pick which college or university they attend based on the average time it takes students to earn a degree.
Why? Anyone who is considering pursuing their dream of becoming a college graduate knows that getting an education isn't cheap in this day and age.…

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Tips for getting a college degree without going into debt

March 7, 2012

The College Board reports that the average cost of tuition and fees for the 2011-2012 school year at a four-year, public college or university is $8,244 for in-state residents and $12,526 for those who live out-of-state. At private, four-year colleges and universities, the average tuition is higher - $28,500.
And those costs are likely to go up. According to FinAid.org, tuition tends to increase about 8 percent per year on average.…

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Transferring is common

March 6, 2012

While many college students enter college with the intention of graduating from the same school, the reality is that many transfer to other schools first.
According to a recent report by the National Student Clearinghouse Research Center, one out of three students transfers during their college careers at least once.
The report, which analyzed the behaviors of more than 2.8 million students, found that the second year of college is the most common time to transfer, with 37 percent of students choosing to go to a different school.…

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Colleges with the highest four-year graduation rate

March 5, 2012

Getting a college degree can be expensive.
According to the College Board, the average cost of tuition and fees for the 2011-2012 school year at a four-year, public college or university is $8,244 for in-state residents and $12,526 for those who live out-of-state. At private, four-year colleges and universities, the average tuition is higher - $28,500.
And, these prices are likely to go up.…

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