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Town In Michigan Pooled Money To Send HS Graduates To College

By Walter Einenkel in DailyKos - The Atlantic has an article about the town of Baldwin, Michigan, and their decision to help the young people in their community afford college. According to the article, 10 years ago less than half of the small graduating class even enrolled in college, and the number of kids from that class actually graduating from college was two. Today, nearly every student that graduated high school is heading off to college this fall. What changed was the introduction of the Baldwin Promise, a fund which in 2009 offered to pay up to $5,000 a year for any student from the Baldwin public schools to attend a public or private college in Michigan. Now $5,000 might sound like a pittance when compared to the $31,000 private college now costs annually.

Hoax Asks Why Free College Tuition Not Being Discussed

By Sarah Lazare in Common Dreams - A group of anti-debt camaigners pulled off a creative hoax on Monday by falsely announcing it had won a coveted prize offered by the nation's student "aid" industry with this innovative proposal: "end student debt for good by making higher education tuition free for all." Debt Collective, which is a new debtors' union that formed as an offshoot of Strike Debt, created a fake Twitter handle, blog post, and image announcing the group's receipt of the National Association of Student Financial Aid Administrators' Big Idea award. The announcements were released right in the middle of a New Orleans conference of the NASFAA, which says it represents "20,000 student financial assistance professionals at approximately 3,000 colleges, universities." While Debt Collective's award announcement was fake, their proposal was completely real.

College Has Gotten 12 Times More Expensive in One Generation

By Katie Rose Quandt in Mother Jones. In the 2012-13 school year, first-year, on-campus tuition averaged $43,000 at four-year, private schools and $21,700 at in-state public schools. It wasn't always like this: The cost of undergraduate education is 12 times higher than it was 35 years ago, far outpacing inflation. While the indexed price of college tuition and fees skyrocketed by more than 1,122 percent since 1978, the cost of medical care rose less than 600 percent, and the cost of housing and food went up less than 300. Back in 1993, 47 percent of college students graduated with debt, owing an average of $9,450 per grad. As tuition rates have shot up, so has student debt: 71 percent of the class of 2012 graduated with outstanding loans, owing an average of $29,400. That's more than 65 percent of the entire first-year salary of an average recent grad. That debt has lasting consequences. Households headed by a young adult (under 40) with a college education and student debt have a median net worth of just $8,700. Student debt constrains young people's ability to start a business, buy a home, or pursue a public-interest career.

Bring Back Free College – & Cancel Debt For The “In-Betweeners”

Momentum is building for an exciting “new” idea, one which is in fact far older than many people realize: free higher education in the United States. The cost of educating oneself to participate fully in society is one which our revolutionary forebears understood should be borne by everyone. In John Adams’ day, that meant an elementary and high school education. Today, for many people, higher education is equally essential. The cost of that education is not an individual or charitable obligation. It is a social one. Since we first wrote about free higher education as a human right back more than a year ago, the idea has gained considerable momentum. President Obama has proposed a program of tuition-free junior college education. Other groups have begun advocating for free four-year public education.

For Profit College Closes 28 Schools After Debt Resistance

Controversial for-profit giant Corinthian Colleges said Sunday it is closing the doors of its remaining 28 schools, capping the year-long collapse of one of the country’s largest career college chains. The closure will leave some 16,000 students without certificates or degrees but with a good chance of having their federal student loans forgiven. Corinthian said it is working with other schools to find a home for its displaced student body, but those efforts depend on the cooperation of the institutions and the Education Department. “As Corinthian closes its doors for good…department staff will immediately begin outreach to Corinthian students to review all their options, which may include loan discharges for students whose school closed,” Undersecretary of Education Ted Mitchell said in a statement. “What these students have experienced is unacceptable.”
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