Author: Jamie Johnson

Study: Most Americans Believe a College Degree Is Worthwhile

A Sallie Mae survey shows that most American families think a college degree is still worthwhile, but having a plan to pay for it is another story.Most families believe getting a college education is important and are committed to finding a way to pay for it. This was the overwhelming conclusion from a recent study conducted by Sallie Mae and Ipsos, an independent market research company.“How America Values College” is the continuation of “How America Pays for College,” a study conducted by Sallie Mae since 2008. In the second part of the study, Ipsos conducted online interviews with over...

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Disney Launches Paid Education Program for 80,000 Employees

The Disney Aspire program is offering to cover 100% of the upfront tuition costs for Disney employees. Last January, Disney CEO Bob Iger announced that the company would be launching a new education program. This week, the company launched the program, which will be available to Disney’s 80,000 cast members and hourly employees.Disney Aspire is an education investment program, and the company covers 100 percent of the upfront tuition costs. This program is starting with an initial $50 million investment and the company plans to add an additional $25 million annually. The program could go a long way in helping...

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IRS Allows Employers to Tie 401(k) Benefits to Student Loan Repayments

A new ruling from the IRS allows employers to tie 401(k) benefits to student loan payments. On August 17, the Internal Revenue Service (IRS) told one unnamed employer that they can tie their employees’ 401(k) contributions to their student loan repayment benefits. This decision could pave the way for other employers to follow suit.As more companies become aware of the student debt problem, many are becoming interested in offering student loan repayment benefits to their employees. Employers realize that offering this benefit is a good way to attract qualified employees and increase employee retention.After all, data shows that 86 percent...

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NYU School of Medicine Will Offer Free Tuition

The NYU School of Medicine announced on August 16 that it would begin offering current and future students full-tuition scholarships.The NYU School of Medicine announced Aug. 16 it would begin offering current and future students full-tuition scholarships. It costs $55,018 a year to be a full-time student at NYU School of Medicine. The school said in an announcement that by offering free tuition, it intends to address the problem of student loan debt while also continuing to attract the best medical students to its program.Student loan debt has dramatically reshaped the medical community. Medical students usually end up graduating...

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More Families Purchase Tuition Insurance as College Costs Grow

The Wall Street Journal recently published a story detailing the rise of tuition insurance, which is becoming more popular as college costs soar.Rising tuition costs mean that for many families, a college education will be the biggest financial investment they make, next to their home. This may be why tuition insurance continues to grow in popularity, according to The Wall Street Journal.Tuition insurance protects families in the event that the student needs to drop out mid-semester. Most colleges offer reimbursement but if a student drops out after a certain point they just lose their payment altogether – and if...

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