U.S. colleges will face new restrictions on using debit cards to distribute financial aid, and more people will have income-based options for repaying student loans under a pair of regulations given final approval by the Obama administration on Tuesday.
New Jersey students who may not have considered applying for college because of financial constraints could have their tuition costs waived or reduced by half through a program being offered by Rutgers University-Camden.
There is a growing divide between who earns a bachelor's degree by age 24, with the gap between the nation's richest and poorest students doubling during the last four decades, according to a report released Tuesday.
After Gov. Chris Christie vetoed a bill that would have formed a study group of experts to look for ways to make college more affordable, Sen. President Steve Sweeney reintroduced the bill and the full Senate approved the measure Monday.
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