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Charitable contributions to American colleges and universities increased by 3 percent in the 2023-2024 academic fiscal year when adjusted for inflation, according to a report released Thursday by the Council for Advancement and Support of Education (CASE). percent of total educational and general expenditures in 2024, compared to 10.5
This spring, I get to teach my PhD class in highereducation finance again—the eighth time that I have taught it in my eleven-year faculty career. Each time, I have updated the readings considerably as the field is moving quickly and I figure out what works best for the students. Eight economic facts on highereducation.
I hope that everyone had a restful break and is excited to come back for what will undoubtedly be an eventful year in the world of highereducation. To add to the excitement of the coming few months, I have the pleasure of teaching my PhD class in highereducation finance again. Department of Education.
Trust needs to be rebuilt between the FSA, institutions, families and students they serve, said Jill Desjean, director of policy analysis at the National Association of StudentFinancialAid Administrators (NASFAA).
Education Department (ED) said it has discovered a calculation error in studentfinancialaid applications sent to colleges this month and will need to reprocess them, potentially continuing delays for college applications. The guide will be updated regularly through April 2024.
But experts said that these interruptions are already having a negative impact on the students who need financialaid the most: first generation students, students of color, and those from low-income backgrounds.
A limited set of students and institutions will be granted entry beginning on Oct. 1 through a phased rollout, allowing the Office of Federal StudentAid to resolve any system errors that might arise before its official release. ” Some institutions are blaming lower enrollment and staff cuts on the FASFA delays. .”
[Editor's note: This article first appeared at the Kelchen on Education blog.] This spring, I get to teach my PhD class in highereducation finance again—the eighth time that I have taught it in my eleven-year faculty career. The highereducation finance landscape and data sources Chetty, R., Friedman, J.
Federal emergency funding programs granted to highereducation and K12 during the pandemic provided them with a significant budget to help support students on the verge of disengaging and falling by the wayside. “You get about 12 months before the big impact is going to show,” he says.
Another year, another opportunity for highereducation stakeholders to set the agenda for state policy and improve its value. State support for highereducation decreased in more than half of all states between 2020-22 when adjusted for inflation, destroying momentum built over the last two decades.
College and university endowments expanded by 4% in fiscal year 2024 thanks to improved annual returns and gift-giving, according to the annual NACUBO-Commonfund Study. billion in fiscal year 2024, an 18.1% Studentfinancialaid made up the largest funding distribution at 48%nearly three times more than academic programs and research.
Academia Next: The Futures of HigherEducation. Diploma Mills: How For-profit Colleges Stiffed Students, Taxpayers, and the American Dream. Johns Hopkins University Press. : A Former United States Secretary of Education and a Liberal Arts Graduate Expose the Broken Promise of HigherEducation. and Best, E.
Education Department has the potential to alter various functions of highereducation. In fiscal year 2024 alone, the net cost to operate the department was more than $218 billion, according to an analysis from the Pew Research Center. Its student loan portfolio stood at $1.47 Heres a look at that data. Loans: $85.8
Image: Highereducation administrators say a change in the federal studentaid formula could mean lower levels of financialaid for children whose parents run family farms or small businesses, and they want Congress to take action. “But all of a sudden, now it is.” ” Thomas L.
Impact of Department of Education Dismantlement on HigherEducation Act Programs On March 20, 2025, President Trump signed an executive order to begin dismantling the Department of Education, a move that threatens to create significant upheaval across highereducation's federal support system.
Department officials said the budget proposal , which is for fiscal year 2024 beginning Oct. 1, would help build a highereducation system that grows the middle class, drives the economy forward and prepares students for highly skilled jobs. Over all, the Education Department would see $10.8
The state had argued that the Missouri HigherEducation Loan Authority (MOHELA), a non-profit government corporation, would suffer decreased revenues and be unable to make mandatory payments into a state fund. But when it kicks in, the Secretary can take exceptional measures.”
By Megan Walter, Senior Policy Analyst In the spring of 2024, a federal court issued an injunction preventing the U.S. Department of Education (ED) from fully implementing the Saving on a Valuable Education (SAVE) repayment plan.
With massive staff reductions, rollback of key civil rights regulations, and a stunning shift of student loan collection authority to the Small Business Administration, highereducation institutions now face a regulatory landscape unlike any before. Three Takeaways for HigherEducation Presidents and Boards 1.
Colleges and universities will have to begin looking elsewhere for funding and support as the Trump administration continues to shrink federal spending on highereducation. While the administration has notmoved to cut Pell Grants, its already disrupted the student loans space. The Department of Education dolled out $85.8
Insights on New Policies in HigherEducation This episode of Washington Update examines the dire need for HEA reauthorization. Drumm McNaughton and Tom Netting focus on the HigherEducation Act of 2019 (HEA), the FAFSA Simplification Act, and various Title regulations.
With an annual budget of about $242 billion, it helps fund approximately 98,000 public schools and 32,000 private schools serving kindergarten through grade 12 as well as thousands of colleges, universities, vocational schools and other highereducation institutions. Department of Education if he returned to the White House.
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