NorthWest Arkansas Community College’s latest estimate predicts a $1.6 million shortfall for the fiscal year that ended June 30, officials said. Surplus money from previous years will cover the loss, said college President Becky Paneitz.
Nearly half of the state’s community colleges and a handful of other higher-education institutions now disburse financial aid on debit cards through contracts with Higher One, a financial firm that has come under increasing scrutiny for its multiple fees and aggressive marketing tactics, as well as out of concerns for students’ privacy.
Kentucky college students borrowed a record $1.2 billion for higher education during the 2010-11 school year, and the average student will spend a decade shelling out $200 a month to retire their loans, new data shows.
As many as 900 colleges are pushing students into using payment cards that carry hefty costs, sometimes even to get to their financial aid money, according to a report released by a public interest group.
A year after lawmakers decided not to consider any new borrowing, they’re looking again at a list of long-term bond issues topping $400 million that would pay for projects that include state university and community college improvements, highway and bridge improvements and land conservation.
Leaders of Mississippi’s community college system said that the 5.5 percent cut in their budget proposed by Gov. Phil Bryant could lead to higher tuition, bigger classes and more part-time instructors.
A Hot Springs community college’s Board of Trustees postponed an April special election after attorneys questioned whether the school could legally use a property tax increase to fund campus construction projects.
A gift of nearly $11 million will enable a state community college campus in central Maine to expand by as many as 2,000 students, helping to accommodate the huge demand from those seeking enrollment, Gov. Paul LePage and other officials announced.
Jesse Yeh uses the University of California-Berkeley library instead of buying textbooks. He scrounges for free food at campus events and occasionally skips meals. He’s stopped exercising and sleeps five to six hours per night so he can take 21 credits — a course load so heavy he had to get special permission from a dean.