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Seeking to "evaluate the independence and effectiveness" of the federal Consumer Financial Protection Bureau's student loan office, 15 members of the Senate Democratic Caucus sent a terse letter Thursday evening to Mick Mulvaney, the CFPB's acting director. The letter was first obtained by NPR.

Justin Napier is exactly the kind of community college graduate Tennessee was hoping for.

In high school, Napier didn't have his eye on college. In fact, he had a job lined up working on race cars after graduation. But in the spring of 2014, a year before Napier graduated, Gov. Bill Haslam announced a plan to make community college free for graduating high school seniors, part of a broader plan to dramatically increase the number of adults in Tennessee with college credentials. It was called, grandly, the Tennessee Promise.

This Saturday more than 100 new laws go into effect in Florida. Here's a look at five.

A report from the Federal Reserve Bank of New York says on average, recent college grads are leaving school with more than $30,000 in debt. And Florida lawmakers worry many of those students haven’t given much thought to how they’ll pay that money back.

www.CAFECREDIT.COM/FLICKR

High school seniors are starting to get their final acceptance letters - hopefully - from the colleges of their choice. While they celebrate, parents are trying to figure out how to pay for it all.

This week on Florida Matters we're talking about the high cost of college and exploring some options for families in need of assistance.

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The cost of college can place a heavy burden on students, not to mention parents. This week on Florida Matters we're talking about the high cost of education and have some ideas about how to pay for it.

Looking back, Ronnie Wyche said it’s easy to spot the red flags: Recruiters dodged his questions, rushed him through enrollment paperwork and brushed aside concerns about being about to keep up in an engineering program after more than 30 years without taking a math class.

 

For-profit colleges have gotten some unwanted government attention lately—for aggressive recruiting and high interest rates on loans, and for misleading students about what their degrees will help them accomplish.

Jenna Pascoli stands in a small, glass-paneled room inside the The Lake Erie College of Osteopathic Medicine School of Dental Medicine clinic in Bradenton and  pulls on a blue, paper medical gown over her scrubs.  

How Broward College Is Reducing Student Debt

Sep 22, 2014
John O'Connor / StateImpact Florida

To get a student loan at Broward College, you’ve got to sit through a two-hour financial lesson with Kent Dunston first.

At times, it’s a little like “Scared Straight!” – that 1978 documentary about setting juvenile delinquents on the right path -- but for your credit score.

Dunston’s first piece of advice – figure out how much money you’re going to need.

“You’re not going to borrow more than that amount of money,” he told the students. “You’ll be offered more. You don’t need it.”

Sen. Nelson: Keep Student Loan Interest Rates Low

May 3, 2012
Photo Credit: Matthew Gil

If Congress doesn't take any action, current student interest rates will double by July 1st. Senator Bill Nelson visited the University of South Florida Tampa campus Thursday to talk with students on how it would affect them.

Keeping the current interest rate at 3.4 percent for one more year will cost the federal government $6 billion and Congress can't agree where to get the funds from.