The unemployment rate for recent college grads reached 5.8% in March, up from 4.6% the same time a year ago, according to an April report from the Federal Reserve Bank of New York.
More than 5 million borrowers are in default—a number that could double in months, according to the Trump administration. The government can collect by seizing tax refunds, wages, and Social Security benefits.
The move is the latest escalation in Trump’s campaign against Harvard and other elite schools, based on claims that they have fostered antisemitism and other forms of discrimination on their campuses.
In the first quarter of 2024, Gen Z made up 18% of the workforce, according to the Department of Labor, but 18- to 25-year-olds made up nearly 25% of all new hires in skilled trade industries that year, according to Gusto.
Anthropic debuted Claude for Education, a specialized version of its popular chatbot designed for college students, while OpenAI announced that it would make ChatGPT Plus free for U.S. and Canadian college students through May.
Critics of the order are skeptical that whatever remains of the Department of Education — particularly as its workforce has already been reduced by half — will be able to carry out the administrative work necessary to keep funds flowing.
A judge ordered the Trump administration to reinstate some of the education grants it had nixed as part of its work to end diversity, equity and inclusion initiatives.
Global Citizen Solutions' first Global Education Report ranked top countries for higher education based on university prestige, quality of life, visa options and post-graduation opportunities. The report projects that 10 million students will study abroad by 2030.
Colleges and universities are preparing tomorrow’s workforce to use and continue to develop AI tools for a variety of business and life applications. CNBC Make It identified at least 14 colleges and universities that currently offer bachelor of science degrees in AI.
Despite the current federal policy on forgiven student debt, it’s possible a borrower could still face state taxes. Currently, a handful of states tax certain kinds of student loan forgiveness
College graduates on average earn more than those without a four-year degree — but where you go to school may influence your earning potential.
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Borrowers enrolled in the Biden administration’s new repayment program, known as SAVE, will be placed “in an interest-free forbearance,” according to a statement from U.S. Secretary of Education Miguel Cardona.
The Public Service Loan Forgiveness program allows certain not-for-profit and government employees to have their federal student loans canceled after a decade in repayment. But the program has been plagued by problems.
