Pell Grants safe until 2015, report suggests
While government agencies tighten their budgets as the U.S. economy recovers from recession, the Federal Pell Grant’s foreseen shortfall in 2014 is now unlikely, and students will still receive government-subsidized financial aid, according to a report by the Congressional Budget Office Wednesday. Officials had anticipated $5.7 billion dollars in Pell Grant shortfalls by 2014, but […]
CFPB to survey financial products on campus
The Consumer Financial Protection Bureau launched a campaign Thursday to examine the effect financial products marketed through colleges and universities such as Boston University have on students, CFPB officials said. The CFPB will investigate the marketing strategies of financial products such as school-affiliated bank accounts — including those offered by Bank of America and Citizens […]
Youth unemployment up in January, study finds
Despite its reported increase in youth unemployment in January, the January 2013 Millennial Jobs report released by Generation Opportunity fails to take seasonal employment fluctuations into account, Boston University officials said. “Employment goes down in January because temporary employees begin to leave jobs. The same happens when students go on summer break and begin looking for […]
Student loan defaults increasing, study suggests
In light of a new study finding college students more likely than ever to default on their student loans, students must be aware of various repayment options and strategies to avoid default, Boston University officials said. The average size of student loan debt has increased 58 percent since 2005, while the average credit card loan […]
College graduates face underemployment, report suggests
Almost half of college graduates are employed in jobs that do not apply knowledge gained from higher education, according to a recent study by the Center for College Affordability and Productivity. Despite the findings, several Boston University students said they are not concerned by the threat of underemployment. “In general, I would like to think […]
