Yahoo! News: Education News

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Revenge of the Upper Middle Class Posted: 28 Jan 2015 08:37 AM PST The Obama administration surely didn't think it was penalizing its core middle-class constituency when it proposed, earlier this month, to raise taxes on college savings accounts known as 529s. After all, a majority of those accounts are held by people earning more than $150,000 a year, and the administration was proposing the change to pay for expanding a tuition tax credit for families making less than that. Yet as the backlash to the proposal demonstrated, the soaring cost of a college education makes even a six-figure income seem small, and the definition of "middle class" quite elastic. In a remarkably quick turnaround, the White House on Tuesday dropped the 529 plan just over a week after announcing it.

Online Degrees Could Be a Good Fit for Some Teens Posted: 28 Jan 2015 06:30 AM PST Four-year universities are the gold standard for higher education in the U.S., but for many students , the cost and commitment is unbearable. Less than 10 percent of the undergraduates at Pennsylvania State University--World Campus, ranked the No. 1 online bachelor's program, are traditional students who enrolled after graduating from high school, says Karen Pollack, director of undergraduate programs for the school. High school counselors don't have the same relationship with and training on online degree programs as they do with community colleges and universities, says Sylvia Womack, a college and career specialist at Polytechnic High School in Long Beach, California. As a result, high school counselors are less likely to know enough about degree programs to confidently suggest them to students who are looking for college options outside of the traditional structure.

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