Wednesday Linkpile compiles, for your information and delight, links to noteworthy news articles pertaining to all things online and higher-educational.
- Debunk stops here. On July 5, 2011 The Free Press Release Center ticked off "Four Stupid Myths of Online Education." "In an upcoming new book ... Dr. Fred DiUlus, an online school ratings expert and the CEO and founder of Global Academy Online, Inc. a prime outsource provider to colleges and universities, devotes a chapter to exposing popularly held myths about online higher education. The myths, he says, have been propagated over the years by online teaching critics who he says, 'don’t appear to know they don’t know.'"
- A moiety of debt relief may be on the way for some college students in the Golden Gate State. A July 5, 2011 Pasadena Star-News article reports, "Congressman announces student loan interest rate cut." "Congressman Adam Schiff, D-Pasadena, on Tuesday announced the final step toward cutting subsidized student loan interest rates in half -- to 3.4 percent."
- Bearish on borrowed bucks. A July 5, 2011 Seeking Alpha post sports the headline, "Shorting Student Loans: The Next Major Credit Bubble." "Student loans have surpassed credit card debt for the leading type of private debt among Americans. The cost of higher education has been outpacing inflation since 1982, as the real cost of education has increased 339%. Societal pressure to go to college and some students' decisions to go to non-Ivy League private schools has students from middle income backgrounds racking up anywhere between $50,000 to $200,000 in student loan debt. That figure does not include graduate school, where many students will add more loans that easily surpass six figures to obtain a masters, law degree, MBA, or medical degree."
- Big change has come to career colleges. "Regs to Riches: 'Gainful Employment' Rule Takes Hold in For-Profit Higher Education Sector." "The final federal regulations requiring career colleges to better prepare students for jobs kicked in July 1, an article from SWTimes.com reports. The regulations will ramp up over four years, allowing ample time for reform."
- Help is here for puzzled financial aid seekers. "Navigating the student loan maze: Five questions you must ask," reads the hed to a July 4, 2011 KPVI.com piece. "College costs aren't limited to just tuition. You need to consider room and board, books, meals, transportation and more. After you've applied for scholarships, grants and federal loans, it's not uncommon to need additional funding for a complete college education."
- A July 5, 2011 Time.com article warns of "One Really Bad Way to Overhaul the Student Loan Market." "The solution to the college cost crisis is to increase grant aid, get serious about cutting the cost structures at public colleges, and for students and families to do everything they can to pay cash for college. Raising the federal student loan limits should not even be part of the discussion."
- And for when parents must don the green eyeshade: "Numbers Game: New Site Helps College Aspirants Compare Costs." "Tuition is skyrocketing, and not just at private sector colleges and universities. Recent legislation has focused on for-profit colleges and the fact that they saddle their students with excessive amount of debt. But what about nonprofit schools? They also saddle their students with debt, and many of those students cannot find jobs after they graduate. That nonprofit schools have fallen under the regulatory radar is a gross oversight and one that these recent investigations will hopefully rectify."