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McCain Pitches
'Gas Tax Holiday,'
Drug, Pork Limits

Apr 15, 2008 12:50 PM CDT

McCain Pitches 'Gas Tax Holiday,' Drug, Pork Limits

Candidate lays out slate of economic initiatives

(Newser) - John McCain used a tax day appearance to propose a summer “gas tax holiday,” calling his plan to suspend the 18-cent levy “an immediate economic stimulus.” Among other economic initiatives the candidate outlined today were upping prescription drug premiums for wealthy retirees, declaring a moratorium on...

Ivy Aid May Hit 2nd-Tier Schools

Mar 5, 2008 12:35 PM CST

Ivy Aid May Hit 2nd-Tier Schools

Big scholarships could siphon top students who couldn't afford Harvard

(Newser) - It’s easy to applaud the generosity the Ivy League is lavishing on the middle class, but it could have unintended consequences, Newsweek notes. Second-tier schools and elite public universities rely on the highly talented middle-class kids Harvard and company are targeting. “Schools compete hard for those students,”...

Stanford Drops Tuition for Lower-Income Students

Feb 20, 2008 11:08 PM CST

Stanford Drops Tuition for Lower-Income Students

Families earning less than $100K get break

(Newser) - Tapping into its $17 billion endowment to boost financial aid, Stanford University said yesterday it will now offer free tuition—that's a $36,000 a year value—to students from families making less than $100,000 per year. Students from families that earn less than $60,000 won't have to...

Prep Schools' Endowments Skyrocket

Jan 26, 2008 1:15 PM CST

Prep Schools' Endowments Skyrocket

Institutions aim to fund needy students, top-notch facilities

(Newser) - Endowments at the nation’s elite prep schools have exploded over the past decade, mirroring the trend at top colleges, reports the New York Times. America’s older schools have fared best: the endowment of Phillips Exeter Academy in NH has broken $1 billion, double its amount in 2002, while...

College Coffers Surging

Jan 24, 2008 7:05 PM CST

College Coffers Surging

A record 76 schools claim $1B or more in assets

(Newser) - Riding high on investment growth, a record number of higher-education institutions claimed endowment assets of more than $1 billion last year, USA Today reports. With the average endowment fetching a 17.2% rate of return, it isn’t hard to see why a study by a college business non-profit found...

Yale Joins Financial Aid Parade

Jan 14, 2008 4:55 PM CST

Yale Joins Financial Aid Parade

Another Ivy acts to help families lighten tuition load

(Newser) - Yale will greatly increase its financial aid offerings in a plan similar to the one Harvard unveiled last month, the Yale Daily News reports. Families making between $120,000 and $200,000 ($20,000 more than Harvard's cut-off) annually will pay tuition of around 10% of income, and those earning...

Yale Ups Endowment Spending

Jan 8, 2008 8:46 AM CST

Yale Ups Endowment Spending

Rich schools slammed for sitting on wealth

(Newser) - Yale will significantly increase spending from its $22.5 billion endowment next year—providing more financial aid and launching new research. The university will draw $1.15 billion from its endowment compared with $843 million last year. The decision comes after Yale and other top universities were criticized for sitting...

Harvard Offers Middle-Class Parents Help*

OPINION

Dec 31, 2007 3:20 PM CST

Harvard Offers Middle-Class Parents Help*

*And pre-empts legislation far costlier for superrich schools

(Newser) - Generosity isn't what's fueling Harvard’s new $22 million giveaway to the middle class—it’s greed, educational consultant Steven Roy Goodman writes in the Boston Globe. Harvard’s giving the extra financial aid as a PR move, hoping to squash brewing legislation that would force universities to spend 5%...

Harvard Steps Up Financial Aid

Dec 10, 2007 5:07 PM CST

Harvard Steps Up Financial Aid

University with $35B endowment opens coffers to help higher-income families

(Newser) - Harvard is rolling out a new financial aid initiative intended to assist more affluent families after a series of measures designed to help lower-income students. Families making more than $180,000 a year will pay significantly less under the new rules, the Boston Globe reports, and students will no longer...