FINALE SOFTWARE STUDENT DISCOUNT PLUS

And of those 4, one guy dropped out the first semester. Only 4 of us ever managed to make a career out of it. Highly selective universities have benefited from free-flowing federal loan money, and with demand for spots far exceeding supply, the schools have been able to raise tuition largely unchecked…Universities, which receive their tuition up front, have an economic incentive to expand graduate degree programs and face no consequences if students can’t afford to pay the federal loans after they leave.Īs James Stoteraux notes, “There were 55 students in my incoming class at Columbia’s MFA Film program.

FINALE SOFTWARE STUDENT DISCOUNT PLUS

It is now graduate students, not undergraduates, “who are accruing the most onerous debt loads.” That’s because “the federal Grad Plus loan program has no fixed limit on how much grad students can borrow.” Its “no-limit loans make master’s degrees a gold mine for universities, which have expanded graduate-school offerings since Congress created Grad Plus in 2005.” As a result, The Columbia program offers the most extreme example of how elite universities in recent years have awarded thousands of master’s degrees that don’t provide graduates enough early career earnings to begin paying down their federal student loans….Recent Columbia film alumni had the highest debt compared with earnings among graduates of any major university master’s program in the U.S.Ĭolumbia is one of America’s most progressive universities, and one of the richest: “Its $11.3 billion endowment ranks it the nation’s eighth wealthiest private school.” Yet two years after earning their master’s degrees, half of the borrowers were making less than $30,000 a year. Recent film program graduates of Columbia University who took out federal student loans had a median debt of $181,000. The Journal reports on Columbia University’s Master of Fine Arts Film program, one of the worst examples, in an article titled “Financially Hobbled for Life: The Elite Master’s Degrees That Don’t Pay Off”: After graduation, many learn the debt is well beyond their means,” notes the Wall Street Journal. Columbia and other wealthy universities steer master’s students to federal loans that can exceed $250,000.

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