Colleges consider a tuition freeze amid pandemic

May 7, 2020

Jessica Dickler, CNBC

As the financial strain on the families of college students worsens, there’s one measure few schools have considered until now.

A number of colleges are freezing tuition in hopes of attracting more students and families struggling with the weight of a higher-education tab.

In the face of Covid-19, the College of William & Mary said it would roll back a previously approved 3% tuition increase and keep tuition and fees for all students unchanged for the coming year. 

Delaware Valley University in Pennsylvania, Kansas City University and Central Michigan University, among other colleges across the country, all announced similar measures to freeze undergraduate tuition and fees.

“We know if we do this other universities may do it,” said Central Michigan University’s president, Robert Davies.

A number of colleges are freezing tuition in hopes of attracting more students and families struggling with the weight of a higher-education tab.

In the face of Covid-19, the College of William & Mary said it would roll back a previously approved 3% tuition increase and keep tuition and fees for all students unchanged for the coming year. 

Delaware Valley University in Pennsylvania, Kansas City University and Central Michigan University, among other colleges across the country, all announced similar measures to freeze undergraduate tuition and fees.

“We know if we do this other universities may do it,” said Central Michigan University’s president, Robert Davies.

To Read More, Click Link Below:

https://www.msn.com/en-us/money/careersandeducation/colleges-consider-a-tuition-freeze-amid-pandemic/ar-BB13JNeR?ocid=spartanntp

Trump just waived interest on student loans

March 19, 2020

Aarthi Swaminathan, Yahoo Finance

In response to the coronavirus, U.S. President Donald Trump has just waived interest on all student loans. 

“I am announcing the following emergency actions today: to help our students and their families, I’ve waived interest on all student loans held by federal government agencies and that will be until further notice,” he said during a press conference on Friday.

Experts reacted quickly, and they were divided on the announcement.

“Dealing with interest is an important start and I’m glad they recognized the need for action to help borrowers,” Ben Miller, vice president for postsecondary education at the Center for American Progress, told Yahoo Finance. “But they need to do more to make it easier for borrowers to pause payments, automatically prevent individuals from going delinquent, and immediately stop the seizure of tax refunds, security, and wages for defaulted loans.”

“No one should fall behind on their student debts because of this national crisis,” James Kvaal, former President Obama’s top higher education adviser, told Yahoo Finance. “Waiving interest is welcome, but the key question is whether students and parents can reduce or halt their monthly payments​. Pausing payments and stopping punitive loan collections would give immediate relief to students and parents facing economic hardship and uncertainty.”

President Donald Trump speaks during a news conference about the coronavirus in the Rose Garden of the White House, Friday, March 13, 2020, in Washington. Department of Health and Human Services Secretary Alex Azar, right, and Vice President Mike Pence listen. (AP Photo/Evan Vucci)
 
President Donald Trump speaks during a news conference about the coronavirus in the Rose Garden of the White House, Friday, March 13, 2020, in Washington. Department of Health and Human Services Secretary Alex Azar, right, and Vice President Mike Pence listen. (AP Photo/Evan Vucci)
 

To be clear, Trump has not yet elaborated on how exactly this will take place, and whether this is for all loans or just for federal student debt, which one expert alluded to.

To Read More, Click Link Below:

https://finance.yahoo.com/news/trump-waive-interest-on-student-loans-210904377.html