Excellence 2013 Education

Page 1

Career Services: Deamen College helps students secure a good job

“Daemen’s approach is unique, created specifically for student success.”

family vacation: Visit the CNY RV Show Feb. 28 - March 3 at the state Fairgrounds.

looking ahead:

On March 6, read about Excellence in CNY and Madison County business.

“There’s a huge variety of models in every price range.” To read more see page 7.

To read more see page 2

Excellence in Education Excellence in Financial & Professional Services....Page 7 February 27, 2013

2013excellence A supplement to Eagle Newspapers

Higher costs for higher education

Obama Administration releases College Scorecard to hold colleges accountable for rising costs By Cheryl Seligman During the State of The Union address on Feb. 12, President Barack Obama spoke about a growing concern regarding the affordability of higher education, and stated that the rising costs are keeping too many individuals out of college or leaving them with too much debt. “Colleges must do their part to keep costs down,” he said, “and it’s our job to make sure they do.” With that, Obama asked Congress to change the Higher Education Act so as to include affordability and value as factors in deciding

$30,000

$15,000

which colleges receive particular forms of federal aid, and also announced that his administration would release the new College Scorecard the following day, to be used to compare schools by “where you can get the most bang for your educational buck,” he said. The College Scorecard, which the U.S. Department of Education made available on Feb. 13 on whitehouse.gov, supplies families and students with financial information about institutions across the country that can “help students choose a school that is wellsuited to meet their needs, priced affordably, and is consistent with their educational and career goals,” according to a Feb. 13 Department of Education press release. “We know students and families are often overwhelmed in the college search process — but feel they lack the tools to sort through the information and decide which school is right for them,” U.S. Secretary of Education Arne Duncan said in the release. The College Scorecard features information about school costs, graduation rates, loan default rates and median borrowing. It is also expected to include details

about current earnings of former students who borrowed federal student loans, though that information is not available as of yet. Users of the new interactive tool can search institutions by name, or sort based on any single selection or combination of criteria, including degree and major; occupation; awards offered; state; region; zip code; size; distance education; and campus setting. “Students and families are concerned about the cost of going to school, and that they may have to borrow to pay for school,” said Kay Devesty, Syracuse University’s financial aid director. “So this can be the beginning of very helpful information about Syracuse University or other schools, to see exactly how much you are anticipated to borrow.” According to the College Scorecard, the average net price for undergraduate students at Syracuse University is $27,994 per year, and families typically borrow $24,300 in federal loans for a student’s undergraduate study, which is

100%

See Scores, page 3

$0

50%

0%

What is the average net price per year for undergraduate students at a school? (Net price is what students pay after subtracting grants and scholarships from the school’s cost of attendance.)

MEDIAN BORROWING

How much do families typically pay per year to repay federal student loans borrowed for undergraduate study? (These data are based on a 10-year repayment plan.)

LOAN DEFAULT RATE

GRADUATION RATE

What percent of borrowers default on their federal student loans within three years of entering repayment?

What percent of full-time students receive their bachelor’s degree within six years? (These data are based only on full-time, undergraduate students who had not enrolled in college before.)

Cayuga County Community

Cazenovia College

Onondaga Community College

SUNY College of Environmental Science and Forestry

Le Moyne College

Feb 28th - Mar 3rd at NYS Fairgrounds Empire Expo Center

cnyRVshow.com

Morrisville State College Syracuse University

Go to Official Show Website to print out $

2 Off Coupons!

32199

COSTS


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.