article thumbnail

Initiative Promotes Financial Literacy by Investing in HBCU Students

Diverse: Issues in Higher Education

Creating awareness Financial literacy among college-going students has been a concern among many experts. A lack of knowledge of interest rates, student loans, credit scores, and budgeting can result in unnecessary debt or student loan default.

Literacy 317
article thumbnail

Can Colleges Control Administrative Bloat?

College Planners of America

These include a sharp rise in government regulations, the need to adopt new technology, and students seeking a more congenial campus lifestyle. It is the generosity of Federal student loan programs with easy terms and low interest that enable students with financial need to pay high tuition costs.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Three Principles for Navigating This Time of Transformational Change in Higher Education

Diverse: Issues in Higher Education

Technology enables us to break the barriers of time and space to deliver quality instruction directly to students, when and where they prefer. New models are emerging that place students at the center of all we do. We’re rethinking financial aid and student loans in new and innovative ways.

article thumbnail

HBCU Advancement Teams: Don't Underestimate the Power of the Individual Donor

Diverse: Issues in Higher Education

Billionaire Robert Smith’s pledge to pay off $35 million in student loan debt for the Morehouse Graduating Class of 2019 was not only transformational and liberating for those directly impacted, but it would also go on to cause a catalytic movement that resulted in several individuals to follow his lead.

Database 299
article thumbnail

What Are the Big Higher Education Stories for 2024?

Diverse: Issues in Higher Education

Efforts by the Biden administration to pass a rule on student loan forgiveness was a major story from 2023 that will again be front and center in the new year. Access, affordability, and free speech will continue to make headlines in higher education. That rule will likely, immediately get challenged in court,” says Kelchen.

article thumbnail

Biden’s New Plan for Student Loan Forgiveness

College Planners of America

President Biden’s Student Loan Forgiveness Plan, as announced last August, was set to cancel $10,000 in Federal student debt for those making less than $125,000 or households with less than $250,000 in income per year. The ED seeks to ease borrowers back into repayment of their student loans after the long hiatus.

article thumbnail

75 Years Later, the Lasting Impact of Executive Order 9981

Diverse: Issues in Higher Education

My family were very poor — they didn’t have scholarships or student loans back then — and my only way of getting out of Mississippi was through the U.S. In 1958, when Charles J. Brown graduated from high school as class president, he decided to enlist in the U.S. Army,” said Brown.