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Private student loan programs generally issue loans based on the credit history of the applicant and any applicable cosigner, co-endorser or coborrower. [9] Students may find that their families have too much income or too many assets to qualify for federal aid, but lack sufficient assets and income to pay for school without assistance. [10]
In 2012, the U.S. Department of Education released detailed federal student loan default rates including, for the first time, three-year default rates. For-profit institutions had the highest average three-year default rates at 22.7 percent, and public institutions rates were 11 percent and private non-profit institutions at 7.5 percent.
In 1996, private institutions gave students with high SAT scores and a low family income $7,123 versus $2,382 for students with low SAT scores and a low family income. Thus, "institutional need-based awards are less sensitive to need and more sensitive to 'academic merit' than the principles of needs analysis would lead us to expect."
Based on legislative history and the decisions of other district and bankruptcy courts, the district court adopted a standard for "undue hardship" requiring a three-part showing: (1) that the debtor cannot maintain, based on current income and expenses, a "minimal" standard of living for herself and her dependents if forced to repay the loans ...
The Huffington Post and The Chronicle of Higher Education have teamed up to tell the story of what the subsidization of college athletics means for universities like James Madison and for the students who are forced to foot the bill, often without their knowledge or real consent. The investigation, which included an analysis of financial ...
For low-income students the impacts would be even greater as the amount of education completed increases almost twice as much and the future impacts include 9.5% higher adult wages and 6.8% lower poverty rates. A 25% increase in school funding would result in a complete elimination of the achievement gap between low and high income students. [25]
Earned revenue includes any income generated through ticket sales, donations, endowments, royalties, and television and conference distributions, among other sources. We grouped schools according to their 2013-2014 conference memberships and focused on revenues exclusive to that time.
The highest-paid Ohio private-college president in 2021 was University of Dayton's Eric F. Spina, who earned more than $1.2 million in total compensation with a nearly $900,000 base salary.