Tag-Archive for » Student Finance «

Tax on Interstate Textbooks?

Student Holding Books And Bag FreeDigitalPhotos.net

Student Holding Books And Bag

ATTENTION out-of-state students: don’t take that rental copy of “The Art of Public Speaking” home with you. Textbooks rented through Amazon’s “Warehouse Deals” are not to be carried over state lines. Renters will be charged the purchase price of any textbook that goes interstate, according to Amazon’s Textbook Rental Terms and Conditions.

The company declined to explain itself to Inside Higher Education, the industry journal that discovered the fine print. Nor to us. So we asked for insight from Robert Chestnut, senior vice president and general counsel of Chegg.com, which rents textbooks and dispenses online study help.

Read the full article written by Jane Karr / New York Times

Colleges That Give You “The Best Bang for the Buck”



The college is Queens College, a part of the City University of New York with an annual tuition of $5,730, and a view of the Long Island Expressway.       

Catering to working-class students, more than half of whom were born in other countries, Queens does not typically find itself at the top of national rankings. Then again, this was not a typical ranking. It was a list of colleges that offer the “best bang for the buck.”   

Queens College ranked second in a list, compiled by Washington Monthly, of colleges that offered the “best bang for the buck."

Photo: Michael Nagle for The New York Times


Purists might regard such bottom-line calculations as an insult to the intellectual, social and civic value of education. But dollars-and-cents tabulations like that one (which was compiled by Washington Monthly), are the fastest-growing sector of the college rankings industry, with ever more analyses vying for the attention of high school students and their parents who are anxious about finances.

Read the full article written by Ariel Kaminer / New York Times

Is the 3 Year Medical School an Answer to High Student Debt?



Apart from a few short-lived experiments during World War II and in the 1970s to shorten the curriculum to three years, not even the most radical of educational reformers have dared stray from the norm, carefully integrating their changes well within the venerated four-year framework.

But now it appears that the perfect storm of physician shortages, rising health care costs and student debt has begun to tip this hallowed heifer. In 2010, responding to the physician workforce shortage, Texas Tech University Health Sciences Center School of Medicine began offering a three-year medical school track for select students interested in primary care. Soon thereafter Mercer University School of Medicine’s campus in Savannah, Ga., followed suit;  and this fall, New York University School of Medicine welcomed, in addition to its traditional four-year students, its first group of students to pursue a three-year option.

Read the full article written by Pauline Chen, MD / New York Times

How Obamacare Subsidies Are Calculated for Students


In two recent installments of the Your Money column, I answered questions about the new health insurance exchanges. The first column discussed many of the basics, and the second column answered reader queries. You can find more readers’ questions and answers on In Practice, with the latest series below. If you’re still not sure how the law affects you and your family, please e-mail me: tsbernard@nytimes.com.

Q. For full-time students who are not working (100 percent supported by loans), how will subsidies be calculated for purchasing insurance on the exchange? –Nick Bartel

A. Subsidies for students are generally calculated the same way they would be for anyone else. If your household income is between 100 percent and 400 percent of the poverty level, you may qualify for premium tax credits (and if your income is between 100 percent and 250 percent of the federal poverty level, you may also qualify for cost-sharing assistance).

Read the full article written by Tara Siegel Bernard / New York Times

Scholarships That Favor Affluent Students

At Purdue, Russell reconnected with Christopher Bosma, a friend from high school. Bosma’s family was considerably wealthier, but his entire tuition was free — as will be medical-school costs. An outstanding high-school student, he received a prestigious merit scholarship that covered both. Russell told me that he believed the two friends are about “equivalent in intelligence” but acknowledged that Bosma studied much harder in high school. He was unusually driven, he said, but it probably didn’t hurt that Bosma had the luxury of not having to help support his family.

Read the full article written by Catherine Rampell / New York Times