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Home Equity 41% of families borrow money to cover college expenses, while 72% use parental savings and income, according to data from Sallie Mae. The trend of using a home equity loan for student ...
We've all been there. A good friend ends up in a financial pickle and our first instinct is to come to the rescue. Great idea, right? Well, maybe. Check Out: 11 Grocery Items To Buy at Dollar Tree...
Research indicates that increasing borrowing limits drives tuition increases. [6] Student loan defaults are disproportionately common in the for-profit college sector. [7] Around 2010, about 10 percent of college students attended for-profit colleges, but almost 40 percent of all defaults on federal student loans were to for-profit attendees. [8]
Most college students in the United States qualify for federal student loans. [33] Students can borrow the same amount of money, at the same price, regardless of their own income or their parents' incomes, regardless of their expected future income, and regardless of their credit history.
It sometimes gets a bad rap, but borrowing money isn't always a bad thing. April is Financial Literacy Month, making now a great time to learn how to borrow responsibly. Tips: 7 Financial Habits ...
Based upon the higher education master plan, the Junior College Act of 1965 was enacted, providing the foundation for the present system of public community colleges in Illinois. The act removed the junior colleges from the common school system and placed them under the jurisdiction of the Illinois Board of Higher Education.
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The following graph shows the inflation rates of general costs of living (for urban consumers; the CPI-U), medical costs (medical costs component of the consumer price index (CPI)), and college and tuition and fees for private four-year colleges (from College Board data) from 1978 to 2008. All rates are computed relative to 1978.