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☆ Biden admin defends stalled student loan plan in Supreme Court brief
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: 1 min

Jan 4 (Reuters) - The U.S. Justice Department late on Wednesday filed a brief with the Supreme Court defending President Joe Biden's student debt relief plan and arguing that Education Secretary Miguel Cardona had clear authority to provide the loan forgiveness. Biden announced in August that the U.S. government would forgive up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples. Students who received Pell Grants to benefit lower-income college students would have up to $20,000 of their debt canceled under the plan, which has been on hold due to legal challenges. Reporting by Kanishka Singh and Andrea Shalal, editing by Dan WhitcombOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street's competitive and rigorous internship process could use a facelift
▼ + stars: | 2023-01-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Wall Street's version of the Hunger Games — nabbing a summer internship at an investment bank — is about to kick off. Thousands of college students are eagerly refreshing investment banks' careers pages awaiting applications to open for internships for the summer of 2024. (Yes, you read that right, this summer's internship spots have already been wrapped up for a while.) It's a process that results in young people making decisions that will set them on a certain path for years to come. Despite a difficult end to the year for the bank thanks to a costly fine, Wells' investment bank was actually among the top 10 advisors in M&A in 2022, Bloomberg reports.

☆ Police identified the Idaho killings suspect with DNA databases, multiple outlets report, and the practice is controversial
▼ + stars: | 2023-01-03 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

Police were reportedly able to link the Idaho killings suspect to the crime scene with DNA. They ran DNA through genealogy databases and got a hit, anonymous law enforcement sources told ABC News. CNN reported that police then tracked the suspect back to Pennsylvania, where he was arrested. Experts previously told Insider that those who send their DNA to genealogy companies should do so with caution if they want to protect their genetic privacy. Joseph Giacalone, who used to helm the Bronx's cold case unit, told Insider last month.

☆ Just 1% of applicants make it into Lazard's summer internship program. The boutique bank's head of campus recruiting shares 5 tips for aspiring financiers looking to ace the interview.
▼ + stars: | 2023-01-03 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +10 min

Applications for Lazard's summer analyst program are about to open, along with the rest of Wall St.Danielle Dodgen, head of US campus recruiting at Lazard, shares her pro tips for candidates. Danielle Dodgen, head of US campus recruiting at the bank, sat down with Insider to give her top tips for a successful interview. Not understanding what makes Lazard different from its competitors, or different from bulge brackets, are also common hurdles for candidates, Dodgen said. "It's important to us to get to know candidates in person and have those in-person touchpoints," she said. "We don't expect candidates to get 100% of the questions right in an interview," Dodgen said.

☆ College students could start using their dining dollars for DoorDash meals thanks to this startup
▼ + stars: | 2023-01-02 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Phood allows students to order DoorDash using their university dining dollars. The startup works with university campuses to let students spend their dining dollars on off-campus food purchases such as delivery through DoorDash, founder Alex Parmley told Insider. Parmley said that he sees opportunities to open up college students' dining dollars to lots of off-campus services and retailers. At first, the New York-based startup provided food delivery itself, using a team of couriers to send dining-hall food to students' dorm rooms and apartments. The company now connects students' dining accounts to the Discover Global Network, which allows them to use their dining dollars like a regular debit card outside of their university.

☆ Idaho killing suspect tracked victims before the murder and had a history of being 'creepy' toward women, sources say
▼ + stars: | 2023-01-01 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

Idaho killing suspect Bryan Kohberger was arrested in connection with the four students' murders Friday. Kohberger allegedly tracked the victims' phones before the killings, a source told the Daily Mail. A source who is a cousin of one of Kohberger's childhood schoolmates, the Daily Mail reported, said the suspect allegedly tracked the four victims' phones for weeks before the killing. After the killings, Kohberger traveled back to Pennsylvania, where he was staying at his parents' home. He also allegedly was "creepy" toward women before, Jordan Serulneck, who knows the suspect told NBC.

☆ Idaho police chief regrets lack of transparency during early stages of probe into slayings of 4 college students
▼ + stars: | 2022-12-31 | by ( Antonio Planas | Minyvonne Burke | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

A more transparent approach, Fry said, would "give a little bit of assurance to people that we've locked the scene down. The shocking crimes have captivated the nation, generating about 19,000 tips from the public that police said were crucial to the probe. A Pennsylvania judge in Monroe County, north of Allentown, on Friday ordered that Kohberger be extradited to Idaho next month, court records showed. “He should be presumed innocent until proven otherwise — not tried in the court of public opinion,” public defender Jason LaBar says in a statement, adding, “Mr. Serulneck says Kohberger came to his brewery a few times and female staff would often complain about his behavior.

☆ They Wanted a Versatile One-Bedroom in Chicago for About $200,000. Which Option Did They Choose?
▼ + stars: | 2022-12-29 | by ( Carisa Crawford Chappell | ) www.nytimes.com time to read: +2 min

After their son was accepted into Columbia College in Chicago last year, Brian McCutcheon and Donna Sink started looking for ways to cut down on expenses and make everyone’s life easier. A campus housing policy had kept Angus McCutcheon, now 19, in a dorm as a freshman, but the couple hoped they could find him a new living arrangement for his sophomore year. Angus was excited to be able to choose his home and wanted to be close to campus, restaurants and shops. “I’m a fan of natural light.”The family connected with Daniel Eirinberg of eXp Realty, who agreed that Printers Row would be ideal. “You’ve got good train access and a bunch of great little cheap and delicious food choices that cater to the college students,” he said.

☆ Why So Many Accountants Are Quitting
▼ + stars: | 2022-12-28 | by ( Lindsay Ellis | ) www.wsj.com time to read: 1 min

More than 300,000 U.S. accountants and auditors have left their jobs in the past two years, a 17% decline, and the dwindling number of college students coming into the field can’t fill the gap. The exodus is driven by deeper workplace shifts than baby-boomer retirements. Young professionals in the 25- to 34-year-old range and midcareer professionals between the ages of 45 and 54 also departed in high numbers starting in 2019, according to the Bureau of Labor Statistics. Recruiters who have been luring experienced accountants into new roles say they are often moving into jobs in finance and technology.

☆ Here are the people who will lose out most if student loan forgiveness falls through
▼ + stars: | 2022-12-28 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

People of colorThe student debt crisis is cited as a main factor for the wide racial wealth gap in the U.S. today. Black college graduates owe an average $7,400 more than their white peers, a Brookings Institution report found. And that inequity only gets worse with time: Black college students owe more than $52,000 four years after graduation, compared with around $28,000 for the average white college graduate. WomenWomen were widely recognized as the biggest winner of Biden's student loan forgiveness plan, since they owe two-thirds of the country's outstanding student debt. "Women will be the most affected if loan forgiveness fails," Kantrowitz said.

☆ Idaho professor sues TikToker over allegations about killing of 4 university students
▼ + stars: | 2022-12-24 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

The suit, filed Wednesday in Idaho District Court by history department chair Rebecca Scofield, also accused TikTok user Ashley Guillard of falsely alleging that the professor had planned the killings with another University of Idaho student. The lawsuit appears to be the latest example of what one expert called “dangerous” speculation surrounding the quadruple homicide in Moscow, Idaho, on Nov. 13. According to the suit, Scofield, who began working at the university in 2016, never met the slain students, nor had they taken a class with her. “Professor Scofield has never met Guillard,” the suit says. Professor Scofield does know that she has been harmed by the false TikToks and false statements.”The suit adds that the allegations triggered significant emotional distress and damage to Scofield's reputation.

☆ An NYC group wants to keep homeless college students dropping out so they can achieve "a gateway to the middle class"
▼ + stars: | 2022-12-21 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

A New York City non-profit is piloting a program to pay for students' housing so they can complete their degrees. The New York Times spoke with one student who was on the verge of dropping out before receiving this benefit. According to one 2019 reported from The Hope Center for College, Community, and Justice, almost three in five college students reported experiencing housing insecurity the previous year. 18% of two-year college students and 14% of four-year students reported experiencing homelessness at some point, the researchers found. Homeless students reported lower GPAs and higher dropout rates, according to a report by the UCLA Center for the Transformation of Schools.

☆ Pell Grants could rise to a maximum $7,395 next year, in the biggest increase in over a decade
▼ + stars: | 2022-12-21 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Olelole | E+ | Getty ImagesAs part of its massive $1.7 trillion spending package for 2023, Congress is planning to up the maximum annual Pell Grant award to $7,395 — a $500 increase from this school year. President Joe Biden had previously called to raise the Pell Grant by even more, to a maximum allotment of $8,670 in 2023, and has said he wants to see the payments double by 2029. Pell Grants are one of the biggest sources of financial aid available to college students, and more than 6 million students received them in 2020. Each year, Congress decides how much to allocate to the maximum Pell Grant, and in some years it has reduced the payment. There's a limit to how many Pell Grants you can getCollege students typically can receive the grant for up to six years.

☆ A couple who are financially independent from their real estate portfolio explain how they bought their first house for less than $2,000 and scaled up to 5 properties that bring in $30,000 a month in
▼ + stars: | 2022-12-21 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +13 min

Jervais, who started with worse credit than Natia, bumped his score up from 524 to the low- to mid-600s, he said. Plus, Natia started working in marketing in 2005 and went from an hourly wage plus tips to earning a salary. The way rental arbitrage works is, you sign a long-term lease and then rent out that property on short-term rental platforms like Airbnb and VRBO. Courtesy of Natia and Jervais SeegarsThey ended up raising about $500,000 from private lenders, they said, which financed their next three properties. They purchased them all within 45 days of each other in late 2021 and immediately listed them on the short-term rental market.

The email went out to students at Knox College, a small liberal arts school in Illinois, on the evening of Dec. 12. But this group had a new wrinkle for Knox students. “We have compromised your collage networks,” the email said, written in the kind of broken English common among international ransomware hackers. For you, its a sad day where everyone will see your personal and private info.”The incident at Knox College marks the first known case in which hackers used their access to contact students directly in order to intimidate them. The hackers’ website lists an entry to download data for Knox College but doesn’t actually lead to any student data.

☆ Getir's acquisition of Gorillas is the latest consolidation move for the rapid delivery space. Here's why analysts say ultrafast couldn't hack it in the US.
▼ + stars: | 2022-12-20 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +8 min

Fridge No More, Buyk, Jokr, and 1520 have shuttered or withdrawn from the US, while Getir, Gopuff, and Gorillas have cut staff. But analysts told Insider this may have led to blind spots when it came to the American consumer. And an insider told TechCrunch that month that Gorillas' monthly global burn rate was between $50 million and $75 million. YipitData suggests the average order for Getir, Gorillas, Gopuff, and Jokr was $21 to $32 in May. Are you a rapid delivery insider with insight to share?

☆ Nonstop partying, lavish spending, and sexual-harassment accusations: Inside the self-destruction of Pollen, the music startup once worth $800 million
▼ + stars: | 2022-12-20 | by ( Melkorka Licea | ) www.businessinsider.com time to read: +41 min

About 400 Pollen employees were camped out in Mendocino County, California, for five straight days of partying. Two former Pollen employees told Insider that they recalled the assistant telling them about Callum's inappropriate comments at the time. (The Pollen representative said Callum and Bedi didn't date at Pollen or at any other company connected to Pollen. Out of 360 events Pollen announced over the past 12 months, 39 were canceled, the Pollen representative said. (The Pollen representative said that "out of hundreds of thousands of customers, fewer than 100 people were moderated" online.)

☆ Gen Z is re-thinking college and career plans in post-Roe America: ‘I want to leave the country’
▼ + stars: | 2022-12-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +7 min

There is an endless list of factors students consider while choosing a college: size, cost, campus life, proximity to home. In post-Roe America, location has never been more important to prospective and current college students deciding where to pursue a degree or build their career. The 21-year-old, now a junior studying political science at the University of South Dakota, is the president of USD Students for Reproductive Rights. Lexi McKee-Hemenway and Kyshea Koehler at an event hosted by USD Students for Reproductive Rights. Harvard University freshmen rally in Harvard Yard on May 4, 2022 to defend abortion rights.

☆ Cheating on your college essay with ChatGPT won't get you good grades, say professors — but AI could make education fairer
▼ + stars: | 2022-12-18 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +4 min

Some fear college students will use it to cheat, but these professors say they're not too worried. ChatGPT won't replace original writing, said Selber, but it might help college students refine their work. Dr Leah Henrickson, a lecturer at the University of Leeds, thinks that artificial intelligence, if used carefully, might even make education fairer. Artificial intelligence tools like Grammarly, which analyzes and improves written sentences, are already widely used by college students. According to Henrickson, the University of Leeds is already looking at modifying its assessments in reaction to the rise in artificial intelligence.

☆ Here's why college students should apply for credit cards like the Capital One SavorOne Student Card before graduation
▼ + stars: | 2022-12-16 | by ( Tessa Campbell | Personal Finance Reviews Fellow | Read More | ) www.businessinsider.com time to read: +23 min

Soon-to-be college graduates with the Capital One SavorOne Student Card can upgrade to the SavorOne Cash Rewards Card after earning their diploma. Soon-to-be college graduates with a limited credit history may want to consider getting theCapital One SavorOne Student Cash Rewards Credit Card. Plus, upon passing your graduation date, the Capital One SavorOne Student Cash Rewards Credit Card can be converted into the regular SavorOne Cash Rewards Card — a card typically only available to those with a good to excellent credit score (FICO score of at least 670). SavorOne Cash Rewards Card benefitsIf you loved your complimentary Uber One membership, the SavorOne Cash Rewards Card has got you covered. The same methodology used on the SavorOne cards can be applied here: current students with fair credit can apply for the Capital One Quicksilver Student Cash Rewards Credit Card and later request an upgrade to the Quicksilver Cash Rewards Card after graduation.

☆ Mother of Idaho murder victim says she learned of 'critical' clue in unsolved slayings the same time as everyone else
▼ + stars: | 2022-12-15 | by ( Erin Mclaughlin | Tim Stelloh | Erin Mclaughlin Is An Nbc News Correspondent. | ) www.nbcnews.com time to read: +4 min

"Investigators believe the occupant(s) of this vehicle may have critical information to share regarding this case," the release said. Authorities haven’t identified a suspect or found a murder weapon, thought to be a fixed-blade knife. A lawyer for Goncalves, Shanon Gray, faulted Moscow police for not having informed the family before they released the information. The spokesman, Robbie Johnson, said the email was an example of a message aimed at keeping the Goncalves family informed. Goncalves said Mabbutt described Kaylee's injuries in a phone call to the family, answered by her 17-year-old daughter.

☆ Colleges should provide the true cost of attendance after report finds most schools don't give clear information
▼ + stars: | 2022-12-13 | by ( Katie Lobosco | ) edition.cnn.com time to read: +4 min

Congress should require colleges to give students an accurate price for the cost of attendance, the Government Accountability Office said in a recent report that found that most colleges fail to provide all the financial information students need. Prospective college students usually receive a financial aid letter from schools once they are accepted. “Federal law doesn’t require colleges to include clear, standard information in all of their financial aid offers. The bill is one of many legislative efforts that aim to provide students and their families better information about the cost of college. In addition, last month, the Department of Justice released new guidance that aims to make it easier to have federal student loan debt discharged in bankruptcy – a particularly difficult legal process under the previous policy.

[1/2] A view of the U.S. Supreme Court building on the first day of the court's new term in Washington, U.S. October 3, 2022. The Supreme Court on Dec. 1 said it would hear arguments on the legality of the debt relief program in the other case pursued by six mostly Republican-led states. Biden announced in August that the U.S. government would forgive up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples. Students who received Pell Grants to benefit lower-income college students would have up to $20,000 of their debt canceled. The Congressional Budget Office in September calculated that the debt forgiveness program would cost taxpayers about $400 billion.

Four college students have died and three others were injured after the SUV they were in crashed early Saturday in the Maine town of Castine, authorities said. Jerry Paul, president of the Maine Maritime Academy, where all seven attended, said in a statement that he's devastated. The four were preliminarily identified as Brian Kenealy, 20, of York, Maine; Chase Fossett, 21, of Gardiner, Maine; Luke Simpson, 22, of Rockport, Mass. All seven were students at the academy, a circa-1941 state school that prepares students for careers in overseas transportation, the Navy, and other ocean-oriented pursuits. Castine, about 35 miles south of Bangor, Maine, has a population of about 1,100 residents, slightly more than the academy's student body.

☆ Tech jobs: Recent grads send in hundreds of apps in unfamiliar, shrinking market
▼ + stars: | 2022-12-10 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +6 min

Now, though, they’re applying for tech jobs at possibly the worst time in years, as nearly every part of the sector from streaming services to robotics has laid off people or frozen hiring. He graduated with a computer science degree in December 2021, a time he now sees as “the beginning of the end” for the most recent tech boom. “My biggest chances of getting a job in the U.S. kind of tanked,” he said, because of the recent layoffs. At colleges and universities, interest in computer science soared during the most recent tech boom. Lam, who’s scheduled to graduate in December 2023, said he originally thought the layoffs in tech would hurt junior-level people the most.

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