New York University’s School of Medicine is learning that no good deed goes unpunished.
The highly ranked medical school announced with much fanfare this month that it is raising $600 million from private donors to eliminate tuition for all its students — even providing refunds to those currently enrolled. Before the announcement, annual tuition at the school was $55,018.
NYU leaders hope the move will help address the increasing problem of student debt among young doctors, which many educators argue pushes students to enter higher-paying specialties instead of primary care, and deters some from becoming doctors in the first place.
To spur innovation in higher education aimed at helping more students access and complete a college degree or credential, the U.S. Department of Education announced today the availability of $75 million in the First in the World (FITW) program. The grants will fund the development and testing of innovative approaches and strategies at colleges and universities that improve college attainment and make higher education more affordable for students and families.
At a time when college has never been more important, costs have never been higher. According to the College Board, average tuition and fees at public four-year institutions in 2013-14 are more than three times higher than they were in 1983-84, after adjusting for inflation. That’s why last August President Obama outlined an ambitious towns to combat rising college costs and make college more affordable. Encouraging innovation is a central tenet of that plan, and through FITW, the administration will catalyze the work of institutions of higher education that are demonstrating how to develop and evaluate new approaches that can expand college access and improve student learning while reducing costs.
#StudentLoanForgiveness. It’s a hashtag now, so you’ll all pay attention, right? Everyone wants their student loans forgiven. The perception is that very few qualify for any forgiveness programs. But did you know that there is one broad, employment-based forgiveness program for federal student loans? Most people don’t, or misunderstand how it works. Let me break down some key points of the Public Service Loan Forgiveness Program to help you figure out if you could qualify.
Can you check the all the boxes?
[ 1 ] Work in “Qualifying Employment”
First, you need to work in “qualifying” employment; that is, you must work in “public service.” But what does that mean? Everyone seems to have a different definition. Ours is based on who employs you, not what you do for your employer. The following types of employers qualify: