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☆ More students are dropping out of college — here's why
▼ + stars: | 2024-04-03 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Although college enrollment declines leveled off this year, the number of students who started but then withdrew has been on the rise, according to the National Student Clearinghouse Research Center. At the same time, roughly 26% of current undergraduates have seriously considered leaving college or are at risk of dismissal, according to a separate report by education lender Sallie Mae. "We need more support for early college planning, especially for first-generation students or those from underserved communities," said Rick Castellano, a spokesperson for Sallie Mae. Among students who are considering putting their education on hold, most said it was due to financial concerns. Others cite a loss of motivation or life change followed by mental health challenges, Sallie Mae found.

Persons: Sallie Mae, Rick Castellano Organizations: Student Clearinghouse Research

PORTLAND, Maine (AP) — The state of Maine's long-cherished reputation for political independence is being threatened by the nation's polarized politics, with more and more of its voters feeling pressured to take sides. So-called independents, or unenrolled voters, have gone from the state's largest voting bloc to trailing both major parties in just four years. Republicans, too, overtook unenrolled voters two years later. As of last month, a tally of active voters indicated there were 343,488 Democratic voters, 279,936 Republican voters and 273,298 unenrolled voters. The economist served in the Maine Senate as an independent, and remains active on political issues.

Persons: Nikki Haley, Trump, Haley, ”, Zach Azem, — “, Sen, Angus King, Arizona’s Kyrsten, Vermont's Bernie Sanders, Jill Goldthwait, unenrolled, “, —, Paul LePage, Donald Trump, Mark Brewer, Brewer, they'll, State Shenna Bellows, Richard Woodbury, “ I’m, ” Woodbury, David Sharp, @David_Sharp_AP Organizations: New, New Hampshire GOP, Democratic, AP VoteCast, GOP, University of New Hampshire Survey, Republicans, Democratic Party, Republican, University of Maine, Trump, Congressional, State, Bureau of Motor Vehicles, Maine Senate Locations: PORTLAND, Maine, New Hampshire, Bar, District, Yarmouth

☆ With or without loan forgiveness, fewer students are enrolling in college, questioning the return on investment
▼ + stars: | 2023-12-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Hero Images | Hero Images | Getty ImagesEven before the Supreme Court blocked President Joe Biden's plan to forgive student debt, fewer students were enrolling in college. But this fall, freshman enrollment continued its slide, sinking 3.6%, according to the National Student Clearinghouse Research Center. "This is more bad news for four-year colleges," said Doug Shapiro, the National Student Clearinghouse Research Center's executive director. Rising college costs and ballooning student debt balances have caused more students to question the return on investment. But increasingly, borrowers are struggling under the weight of education debt, which today totals more than $1.7 trillion.

Persons: Joe Biden's, Rick Castellano, Sallie Mae, Doug Shapiro, Shapiro Organizations: Nationwide, Student Clearinghouse Research, Clearinghouse Research, Student, Research, Lumina, Gallup

☆ Supreme Court decision on Biden's student loan forgiveness plan is key for those who never finish college
▼ + stars: | 2023-04-26 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

"Growing numbers of stop-outs and fewer returning students have contributed to the broader enrollment declines in recent years," said Doug Shapiro, executive director of the National Student Clearinghouse Research Center. "There's a variety of issues students face in college, many unexpected," said Rick Castellano, a spokesperson for Sallie Mae. Students with 'some college' more likely to defaultIf Biden's plan to cancel $400 billion in student loans is blocked, default rates may spike, the U.S. Department of Education has warned. But the borrowers most in jeopardy of defaulting are those who start college but never finish. The default rate among borrowers who leave with student debt but no degree is three times higher than the rate for borrowers who have a diploma.

Trumzz | Istock | Getty ImagesOver the past two years, millions of low-income U.S. households have received broadband internet at a discount through two consecutive government programs. "Millions could be left in the dark without broadband service for the very same reasons they didn't have it in the first place." The Emergency Broadband Benefit, or EBB, which was approved by then-President Donald Trump in late 2020 and launched in February 2021, provided a $50 subsidy. That's considered an accomplishment, said Ken Garnett, chief strategy officer at Cal.net, a small internet service provider that serves rural inland areas of California. As of January, about $6.1 billion of the funds had been claimed by broadband service providers as reimbursement for discounting their services and products.

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