Barely a month into his tenure as president of the University of Georgia, Jere Morehead suspects he already knows his fundraising acumen will be the measure of his success in the position. Morehead talked about the importance of UGA's upcoming comprehensive campaign and other issues in a wide-ranging exclusive interview with GPB last week, including economic development the rising cost of college.
President Obama is traveling to Southeast Georgia's Ft. Stewart on Friday. Administration officials say, the visit is about adding new protections for veterans and military families swindled or misled by schools seeking their federal education benefits. The President is announcing initiatives aimed at reducing deceptive marketing to veterans.
Paine College has lost eligibility to one federal loan program for students and could lose more funding for mismanaging student financial aid and inaccurately reporting enrollment and financial data, according to a recent financial audit.
Student-loan debt is ballooning across the country, with some economists calling it the next big challenge for the economy. The average student-loan debt at Georgia’s four-year public and private universities grew to nearly $19,000 last year. Nationally, average debt tops $25,000.
A new study says Georgia students don’t have as much college debt as students elsewhere. The Institute For College Access and Success says Georgia’s 2010 graduating seniors owe less than 19,000 dollars in student loans on average.
About 3,700 college students have applied for the state's new low-interest loan program created to help soften cuts made to the HOPE scholarship. The loans have a 1 percent interest rate. Students will find out starting next week if they are selected for the loans.
College students have until Monday night to apply for the loan. State loan program of last resort still has 10 million dollars in funding. Lawmakers approved program in 2008 but funded last year after cutting HOPE scholarship program.
A bigger share of Georgia students are defaulting on federal student loans. The latest figures from the US Education Department show, last year, 9% of the state's student borrowers defaulted on their loans within the first two-years of repayment. That's up from 6% in the two previous years. Experts blame a weak job market and rising tuition.
The Georgia Student Finance Commission is happy with the number of applicants for the Student Access Loan Program. This new loan program is in its first year. The GSFC originally estimated that 15,000 students would apply for the loan.