Student Loan Counseling Experiment Being Considered
Earlier this month, Under Secretary of Education Ted Mitchell said the Department of Education is considering an experiment allowing several colleges and universities to require additional student loan counseling. Selected institutions would have the power to increase their loan counseling requirements through the Education Department’s experimental sites authority. Mitchell believes the program would help his department gain a better sense of whether required loan counseling works, as well as what type of counseling is most effective to help counter over-borrowing. For more on the student loan counseling experiment , visit the Inside Higher Ed website.
Student Retention a Concern at Higher Institutions
Earlier this week, Dr. Ileana Roiz-Felipe published an article discussing the impact student retention has on a higher institution. Per the article, a university could lose accreditation if it does not meet the U.S. Department of Education’s minimum graduation and placement rates. Additionally, a university could lose faculty members, financial aid for current or future students, and the chance to add new academic programs due to loss of revenue. In response, some universities have implemented retention programs to help find potential sources of the issue, as well as assist students in meeting their graduation goals. For Dr. Roiz-Felipe’s full article , visit LinkedIn. Also. Read More.
Delaware Tops States with Highest Average Student Debt
Through statistics gathered from Credit Karma, the U.S. Census Bureau, the Bureau of Labor Statistics and the U.S. Department of Education, the website 24/7 Wall St. recently announced its findings on student debt among ten states with the highest average student debt. Entitled “Student Debt and the Class of 2012,” the report reviewed the proportion of students with student debt in 2012 and the previous decade, and data on educational achievement, median annual incomes, and student loan default and unemployment rates. Based on the class of 2012, graduates from colleges in Delaware had the country’s highest average student debt. The. Read More.