COLUMBIA — MU has experienced a 16 percent increase in the number of students applying for federal financial aid this year, which amounts to 2,859 more students using that option to pay for college.
The recession is partly to blame for the increase, said James Brooks, MU's Student Financial Aid director. More students are coming to the office to find out what their options are, he said.
COLUMBIA — Last month, 23-year-old Kyla Winn traded in her low-paying position at a Columbia day care for the prospect of finding a job as a graduated pre-med student back home in Kansas City.
"I apply for 25 jobs a day, five days a week," said Winn, who graduated from MU in December 2008 with a bachelor's degree in biological sciences. “At this point, I’m willing to do almost any type of job until I can get some type of income. Every month bills are due, so some income is better than none.”
COLUMBIA — The salaries of people who graduated around the 1982 recession were hurt, but the severity varied by gender and level of formal education, economists have found.
COLUMBIA — College graduates struggling to pay their federal student loans may find short-term relief with a new income-based repayment plan announced Wednesday.
Under the nationwide plan, students may qualify for reduced monthly loan payments compared to a standard 10-year repayment plan, said Leanne Cardwell, assistant commissioner of the Missouri Department of Higher Education. Students may also qualify for a zero payment plan, depending on individual circumstances, she added.