Sep 07, 2006
EdFed News Wire

America's Top Student Loan Consolidator
Thursday, September 7 , 2006
High Cost Of Living + High Cost Of Tuition = High
Student Debt? Maybe Not
By Teresa Cendreda
There may not be any truth to the factors commonly believed to affect how much money students will borrow to pay for school. People often assume that the relationship between tuition and cost of living will predict whether students will borrow a lot - potentially too much? Attending a public college in a high tuition state? Attending a private college? Living in an expensive part of the country? But a recent report issued by the Project on Student Debt is debunking that myth.

The study was based on data for 2005 college graduates reported by 1,400 four-year colleges - public and private - as collected by Thomson Peterson's for the company's databases and books.

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In-State Tuition For Illegal Immigrants Under Debate
By Teresa Cendreda

Congress is grappling with a hot button issue - immigration legislation that would make a college education tens of thousands of dollars cheaper for illegal students than U.S. citizens. The controversy stems from the senate bill S.B. 2611, the so-called "DREAM Act," which would allow states to offer in-state tuition to illegal immigrants. Currently, that practice is banned under the federal Illegal Immigration Reform and Immigrant Responsibility Act of 1996. It prohibits public colleges from favoring undocumented students by offering them in-state tuition rates, unless those same rates are extended to all U.S. citizens regardless of their state of residency.

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Nodler contemplates formula to finance higher education

Chairman of the newly formed Missouri Senate Interim Committee on the Cost of a College Education, Sen. Gary Nodler believes that higher education needs to be funded by a formula similar to what is used to finance elementary and secondary education. He believes that Missouri should allot funds to higher education institutions in a more evenhanded method, and should initiate thought and give time over researching a formula to fund higher education. The five-member committee's responsibilities encompass: studying the state funding towards the cost of college; probing the different ways of funding to colleges; and considering tuition, student indebtedness and utilization of college savings plans. The committee will be reporting on its findings to the General Assembly by Jan. 26. State Sen. Tim Green contends that there have been numerous committees studying on the subject, but there hasn't been any positive outcome. He further writes to the committee, stating that The National Center for Public Policy and Higher Education rates Missouri as 'F' in college affordability, and that it was time the legislature crafted some methods to make quality higher education more affordable for the Missourians.
UW System budgets for 2007-2009

The UW System Board of Regents proposed "A Growth Agenda for Wisconsin"— its 2007-2009 budget featuring a 2.5 percent increase in tuition, which is the lowest increase in 25 years. The low increase was possible as the University witnessed a lower than earlier, cost of utilities, health care and pay plans, which consumed a lot of tuition money. It decided to pass on the benefits of cost saving to the students. The Board also proposed programs to help low-income students and veterans by way of two grants. The Hold Harmless Tuition Grant will assist low-income UW students who are not eligible for the Wisconsin Covenant — a program to provide financial aid for future University students who take college-preparatory coursework and have done well at high school. The other grant would offer a 100 percent tuition waiver for state veterans, as per the Wisconsin GI Bill budget proposal, to be released early next year.

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