President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
President Donald Trump is widely expected to hit on the economy, immigration and infrastructure in his first State of the Union speech on Tuesday. One issue that seems to be on the back burner is the ever-increasing cost of college.
A college degree is now the second-largest expense an individual is likely to make in a lifetime — right after purchasing a home.
Tuition has historically risen about 3 percent to 5 percent a year, according to the College Board. During the recession, declining public funds caused tuition to spike. At private four-year schools, average tuition and fees rose 54 percent in the last decade. Tuition plus fees at four-year public schools, which were harder hit, jumped 71 percent over the same time period.
Families with students in four-year private colleges spent almost $47,000 in 2017-18, up 3.5 percent from the year earlier. At in-state, four-year public colleges, it was more than $20,000, according to the College Board.
As a result, families are relying on loans and aid more than ever before to make a degree more affordable. Ninety-eight percent of college applicants and their parents said financial aid would be necessary to pay for college, according to The Princeton Review's 2017 College Hopes & Worries survey.
"These worries are understandable and they can be exasperated if the current administration moves to cut back on the student loan forgiveness program and any other federal support including Pell grants and subsidized loans for low-income students," said Robert Franek, The Princeton Review's editor-in-chief.
In the past, Trump has called for shortening the federal student loan forgiveness period (while increasing the monthly payments) and eliminating the Public Service Loan Forgiveness Program completely for borrowers who take out loans after July 1, 2018.
The president has also advocated for reeling in subsidized Stafford loans and promoted alternatives to college altogether, including career and technical training and, of course, apprenticeships.
"I applaud the idea of giving students more options but not at the sake of taking dollars away from students who want to go to school," Franek said.
Currently, about two-thirds of all full-time students receive some kind of support. Aid such as the income-based federal Pell grants covered 35 percent of college costs in 2016-17, up from the previous school year, according to a recent report by education lender Sallie Mae. Borrowing covered 27 percent of college costs, also higher than the year before.
The educational system is due for an overhaul, particularly when it comes to pricing, said Miranda Marquit, the senior policy writer at Student Loan Hero, a website for managing debt.
"But simply, getting up there and saying 'hey we need to promote these programs' is not going to change the system — especially if there is no substantive policy approach."