Yahoo! News: Education News

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• As College Tuition Spikes, Soup Kitchens Are the New Cafeteria
• A Side-by-Side Comparison of 3 Income-Based Repayment Plans
• Shrinking Financial Aid Curbs Impact of Slowing College Tuition Increases

As College Tuition Spikes, Soup Kitchens Are the New Cafeteria Posted: 04 Nov 2015 04:08 PM PST As college costs spiral, and more kids from lower-income families decide to enroll in higher education, about half of students are facing a choice: tuition and books or food—and they're skipping meals to make ends meet. Institutions from New York to California have documented the problem, along with increasing reports of students using food stamps, fainting from hunger, or eating cereal three times a day to get by. One survey found that 21 percent of students who picked school expenses over food did so for a full 12 months, and more colleges are opening up on-campus food banks.

A Side-by-Side Comparison of 3 Income-Based Repayment Plans Posted: 04 Nov 2015 07:00 AM PST About six months ago, the Student Loan Ranger told you that the Department of Education was working on rules for a new income-driven repayment plan called Revised Pay As You Earn, or REPAYE. The new plan, for which the department recently released the final regulations, would expand the pool of federal student loan borrowers who would be eligible to have their monthly payments capped at 10 percent of their discretionary income and, for some borrowers, reduce the number of years needed before forgiveness would kick in. The final version of the rules is very similar to the draft version, so we thought it might be beneficial to offer a table comparing the three most similar income-driven plans, income-based repayment, Pay As You Earn and the new REPAYE, side by side.

Shrinking Financial Aid Curbs Impact of Slowing College Tuition Increases Posted: 03 Nov 2015 09:01 PM PST Tuition increases at U.S. colleges have plateaued after decades of steep growth, but stagnant wages, near-zero inflation and a slight pullback in grants have amplified this year's relatively modest rise. Published tuition for the 2015-16 academic year rose 2.9% for in-state students at four-year public schools—the same increase as last year. In-state students attending public four-year institutions are now paying $19,548 on average for tuition, fees and room and board, up from $18,931 in 2014-15.

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