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"Even if new graduates are lucky enough to find a job after graduation, most won't last more than a year," Main Street reports.

Posted on 30 October 2014 | 6:00 pm

"In an interview with Marketplace's Kai Ryssdal, Secretary of Education Arne Duncan said new rules targeting vocational college programs that leave students with too much debt and too few job prospects were designed with 'outcomes, not inputs' in mind," Marketplace reports.

Posted on 30 October 2014 | 6:00 pm

"About half of the students attending community college under Tennessee Promise next fall will get their tuition paid by the federal government, according to state estimates," Nashville Public Radio reports.

Posted on 30 October 2014 | 6:00 pm

"Since 1985, U.S. college costs have surged by about 500 percent, and tuition fees keep rising. In Germany, they've done the opposite," The Washington Post reports.

Posted on 30 October 2014 | 6:00 pm

"Battles over funding and college costs are being fought in races for governor across the country," Inside Higher Ed reports.

Posted on 30 October 2014 | 6:00 pm

"Bloomberg Philanthropies announced this week a new effort to help talented low- and middle-income students enroll in and graduate from top-tier colleges and universities. While every intervention is welcome, this one assumes that a major problem is getting these students to apply to these institutions," Catharine Hill writes for The Chronicle of Higher Education.

Posted on 30 October 2014 | 6:00 pm

As widely reported in the press, the Department of Education has released a final rule on gainful employment programs. ED will only judge programs on their graduates' debt-to-earnings ratios, which must be less than or equal to 8 percent of income and 20 percent of discretionary income to pass. Programs that post income and discretionary income percentages between 8 and 12 or 20 and 30, respectively, will be considered in a warning zone, and programs with percentages higher than 12 and 30, respectively, will fail. The final rules do offer limited opportunities for program improvement, as federal student aid eligibility will only be affected if a program fails two years in a three-year period or does not pass (i.e., fails or is in the zone) for four consecutive years. Check back in with Today's News Monday for a summary of the final rule.

Posted on 30 October 2014 | 6:00 pm

"Ask a millennial why so many twentysomethings live with their parents, and he’ll probably let out an exasperated sigh and then patiently explain that we're a whole generation loaded down with student debt and navigating an economy that's been cruddy for years. It’s hard to make your rent when you’re jobless and paying off a bachelor’s degree," Slate's MoneyBox reports.

Posted on 30 October 2014 | 6:00 pm

"A $10 million gift to Yale University will go toward scholarships for low-income Chinese students," Inside Higher Ed reports.

Posted on 29 October 2014 | 6:00 pm

"There’s a debate whether a recent boom in online-university courses democratizes higher education, or provides a playground for the wealthy," The Wall Street Journal's Digits reports.

Posted on 29 October 2014 | 6:00 pm

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Statement of Purpose

“The Minnesota Association of Financial Aid Administrators (MAFAA) is an association of professionals committed to the principle that no one should be denied access to higher education for financial reasons.”