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Finance

  • Is the Unpaid Internship Dead?

    Forbes

    Headlines this week about a federal judge’s ruling in an unpaid internship case are shining a light on the murky, confusing world of internships and making it clear that in most cases the law requires private employers to pay a minimum wage, even if the interns have voluntarily signed on to work for little or no money.

  • The Colleges Where Tuition is Still Free

    Forbes

    Students at the Cooper Union for the Advancement of Sciences in New York City are still protesting the school’s decision to start charging up to 50% of its annual $38,000 tuition fee. Since it was founded in 1859, it had covered total tuition for all of its approximately 1,000 students. But in April, administrators announced that financial demands made it impossible to continue the policy. Students subsequently staged an occupation of President Jamshed Bharucha’s office. They vow to stay there over the summer and into next year, unless the school reverses its decision. At this year’s commencement in May, when President Bharucha got up to speak, many graduates turned their backs. The school did announce that it will continue need-blind admissions, and students who can’t afford it will still be able to attend tuition-free. But the era of guaranteed free tuition at Cooper Union has come to an end.

  • Student Loan Rates Double Without Congress Action: How It Impacts the Economy

    CBS News

    Congress has failed to hash out a solution on student loan borrowing, and that means starting Monday, interest rates on government-funded student loans will double from 3.4 percent to 6.8 percent. The jump will affect the seven million people who will take out a loan this year, but will not impact people who already have loans.

  • Financial Crisis Amplifies Education's Value

    The New York Times

    The global financial crisis has amplified the value of a good education, according to a report by the Organization for Economic Cooperation and Development.

  • U. of Virginia Teams Up with "Crowdfunding" Site to Finance Research

    The Chronicle of Higher Education

    The University of Virginia announced this week the creation of a university “crowdfunding” portal designed to enable alumni and other donors to support research projects.

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