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Krissy Woods

Do Students Deserve a Bailout? - 0 views

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    This article describes the movement many students and government officials would like to see take place - a financial bailout for students by means of forgiving student loans. The average student debt after attending a 4 year college or university is roughly $20,000, and many recent graduates are struggling to repay their loans after facing a difficult economy…many being forced to take unpaid internships or low paying full-time employment. The article further describes the government bailout made for the banking and automotive industry, and argues that forgiving the U.S. student loan debt would be much less of a financial commitment with much higher payoffs in terms of educated employment. 2 out of every 3 students need financial assistance to attend college, and the continually rising costs of tuition is crippling many students and their families.
Krissy Woods

Reed College, in Need, Closes a Door to Needy Students - NYTimes.com - 0 views

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    Reed College, a private institution of higher education located in Portland, Oregon has been forced to change how they accept potential students for the 2010-2011 school year. Financial aid is running out, and the college has faced the difficult decision of admitting students who can only afford attending the school without help from additional funds. Faced with a decreasing endowment, the college is looking at other means of cutting costs without drastically changing the schools' academic mission. Admitting students who are financially secure dramatically changes the student body of Reed College. The article further describes the financial hardship this school is facing, such as submitting to hiring and salary freezes among other cost-cutting measures.
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