NEWS
By Stephen Kiehl | March 10, 2009
Maryland is receiving more than $1 billion in federal stimulus money earmarked for education, and Gov. Martin O'Malley said yesterday he would use some of it to increase funding for community colleges and maintain the freeze on undergraduate tuition at state universities. The governor's initial budget for next year did not include an increase for community colleges, which are seeing thousands more students enroll to gain new skills to help them find jobs in the recession. But with the stimulus money, O'Malley is increasing state aid by 5 percent over the next two years.
NEWS
By Stephen Kiehl | October 30, 2008
College tuition is keeping pace with inflation, rising about 6 percent this year, the College Board reported yesterday. But officials warned that tuition could soar as the economy tightens and universities' endowments and state funds shrink. Nationwide, tuition and fees went up 6.4 percent at public four-year universities, to $6,585, and 5.9 percent at private four-year universities, to $25,143, for the current academic year. In Maryland, tuition at state universities has been frozen for the past three years.
NEWS
By Brian K. Johnson | September 30, 2007
There was a time when the community college was the neglected stepchild within the higher-education family. No longer. Today, big business looks to community colleges as a primary source of the skilled labor necessary to sustain the information economy. Government turns to community colleges to close the education deficit that has the United States lagging other industrialized nations. The National Governors Association is asking four-year colleges and universities to replicate the responsiveness to regional economic needs that has long been standard practice at community colleges.
NEWS
By LAURA MCCANDLISH | March 26, 2006
The No. 1 question North Carroll High School students had for career day presenters: How much money do you make? There were more probing questions for the speakers, who represented everything from environmental science to robotics to graphic design. At North Carroll's first school-wide college and career day this past Wednesday, students heard from speakers in more than 70 fields and browsed tables, staffed by representatives from local universities, law enforcement and military branches.
NEWS
By EILEEN AMBROSE | March 1, 2006
Maryland's prepaid college tuition plan clarified its recent contract changes yesterday, saying benefits are not being cut in half for students attending private or out-of-state schools as some parents feared. Officials with the Maryland Prepaid College Trust received as many as 40 phone calls and 40 e-mail messages from families concerned that the state plan slashed benefits, said Joan Marshall, executive director of the College Savings Plans of Maryland. State officials mailed letters Friday describing the changes.
NEWS
By PETER HONG | October 19, 2005
LOS ANGELES -- As tuition continues to outpace gains in financial aid, students' chances of attending a U.S. college and finishing with a degree increasingly have become linked to their families' income, the College Board reported yesterday. The nonprofit group, in releasing two reports on college costs and financial aid, pointed out big gaps in graduation rates even among students who have high test scores. Those from families with the highest income and education levels finished college at more than double the rate of high-scoring students from the lowest socioeconomic grouping.
NEWS
By Eileen Ambrose | September 24, 2004
The cost of signing up for a Maryland prepaid college tuition contract this year will go up about 10 percent, far less than in the past two years, a sign that tuition inflation may be ebbing. The board of the College Savings Plans of Maryland approved new contract prices yesterday for the prepaid plan that begins enrollment Nov. 15. Depending on a child's age and other factors, the price increases range from 10.1 percent to 10.8 percent, said Joan Marshall, executive director of the program.
NEWS
By Elizabeth Warren and Amelia Tyagi | August 1, 2004
THEY TEACH America's children. They build our bridges and highways. They keep our streets safe and our factories running. They fight our wars and protect our peace. They raise the children who will be America's future. And they should be the centerpiece of presidential and congressional campaigns across the country. They are America's middle class. And they are in trouble. Since 2000, family incomes have remained stagnant while costs for the basics - a home, health insurance, utilities, gasoline, day care, college tuition - have surged by an average of 24 percent.
NEWS
By Lorene Yue | March 14, 2004
Who foots the college tuition bill and whether the student can be claimed as a dependent are determining factors in claiming a tuition deduction. If you paid for your 25-year-old son who lives at home to attend college full time, you can't get the tuition deduction because he does not qualify as a dependent. He, however, can get the deduction as long as he meets the modified adjusted gross income requirement, even if he didn't pay a cent. If your 19-year-old daughter paid her own way, then you get to lay claim to the credit, as long as she can be claimed as your dependent, even if she files her own return.
NEWS
January 29, 2004
LEGISLATORS WHO are agog over the $70 million actuarial shortfall in Maryland's prepaid college tuition plan should remember that they hold levers affecting the program's future health. They share these controls with the university officials who set tuition rates. Plan managers attribute roughly 85 percent of the shortfall to the last two years' spikes in Maryland's public college tuition, increases that were prompted by a hefty decrease in state support for higher education. The slump in the market only piled on the hurt.