Category: Education Economics

November 22, 2022

In November 2020, colleges and their millions of students were smarting from the economic sting of the coronavirus pandemic. Colleges trimmed costs after campus shutdowns prompted many to refund auxiliary fees for services like residence halls and dining, which underpin […]

November 18, 2022

The Biden Administration is doubling down on student support investments. The pending FY23 budget has $468 million for Community Schools. The Administration’s new National Partnership for Student Success is calling for districts to use billions in federal stimulus funds to […]

November 18, 2022

A federal judge approved a settlement in a class action lawsuit against the U.S. Department of Education that argued the agency ignored borrower defense to repayment claims. Under the settlement, 200,000 borrowers who attended one of 153 institutions identified by […]

November 10, 2022

The passing of Proposition 28: California’s Art and Music K-12 Education Funding Initiative is an exciting advance for historically underfunded arts education programs in schools. The initiative allocates money for 15,000 new positions, almost doubling the current number of certified […]

November 8, 2022

Starting next academic year, Colby-Sawyer College will be decreasing tuition, but it’s not just shaving a few hundred dollars off its sticker price. The college is cutting its price from $46,364 to $17,500, a drop of more than 60%. The […]

October 28, 2022

Major budget cuts are expected at North Dakota State University. Though officials haven’t yet put an exact number on the forthcoming cuts, the university is facing a projected $10.5 million budget shortfall over the next two years due to slumping […]

October 27, 2022

State-awarded student financial aid decreased negligibly in 2020–21 to $14.784 billion, down 0.1 percent from the $14.801 billion awarded in 2019–20, according to the latest annual survey from the National Association of State Student Grant and Aid Programs. The survey […]

October 20, 2022

A Texas commission has recommended that community college funding in the state be directly tied to performance—namely, student graduation rates and transfers to four-year schools. The recommendation from the Commission on Community College Finance will now go to the Texas […]

October 19, 2022

The kids are not alright. Medical experts agree that, after nearly three years of pandemic-induced strain, children are in the midst of a mental health crisis. One signal of just how severe a crisis: The U.S. Department of Education is […]

October 14, 2022

The U.S. Department of Education is stepping up its enforcement of college-sponsored banking arrangements. In conjunction with a new report from the Consumer Financial Protection Bureau, the department released a Dear Colleague letter Thursday reminding institutions about their role in […]

October 7, 2022

In the last two years, an unprecedented increase in funding has flooded into schools around the country courtesy of the Elementary and Secondary Schools Emergency Relief (ESSER) package. While ESSER’s primary intent was to help mitigate the effects of COVID-19 […]

October 6, 2022

Citing falling revenue, Missouri State University president Clif Smart announced Monday that the university will cut $5 million from its academic budget for the upcoming 2024 fiscal year. Smart made the budget cut announcement in his annual state of the […]

October 5, 2022

Today, the U.S. Department of Education (Department) announced 19 Magnet Schools Assistance Program (MSAP) awards totaling $110 million and four new grant awards for the 2022 Equity Assistance Center (EAC) program totaling more than $6.5 million. The EAC awards fund […]

September 27, 2022

The Vermont State College System’s Board of Trustees approved a base tuition rate for in-state undergraduates of $9,999 for fall 2023, essentially dropping tuition by 15 percent for Green Mountain State residents when the system completes a merger next summer. […]

September 27, 2022

The Congressional Budget Office, Congress’s nonpartisan research arm, estimates that President Biden’s plan to forgive some federal student loans and suspend payments through the end of the year will cost the government about $420 billion. The CBO released its estimate, […]

September 20, 2022

According to the data project, as of Sept. 12, states had planned, budgeted or committed to spending 94% of the $19 billion in relief funding they received in the set-aside. Of the total $189.5 billion Congress approved for K-12 COVID-19 […]

September 15, 2022

Today, the U.S. Department of Education announced awards totaling over $7 million to eight statewide organizations under the 2022 Competitive Grants for the Statewide Family Engagement Centers (SFEC) program, underscoring the Biden-Harris Administration’s ongoing efforts to enhance and increase parent […]

September 14, 2022

As our nation’s children and youth head back to school, the Biden-Harris Administration remains committed to supporting their mental health needs. Even before the pandemic, rates of depression, anxiety, and suicidal thoughts among youth were on the rise. The pandemic […]

September 12, 2022

Today, the Department of Education is announcing new awards to help recruit, prepare, develop, and retain a strong, effective and diverse teacher workforce for classrooms across the country through the Teacher Quality Partnership (TQP) grant program. This year’s investment includes […]

September 1, 2022

How colleges use debt during times of crisis varies greatly depending on institutional characteristics, according to a new report from Ithaka S+R funded by the TIAA Institute. The study, released Wednesday, found that while historically Black colleges and universities tend […]