Business

By resetting student loan rates, Congress just fixed one big mistake from a 2007 higher ed law, writes Andrew Gillen. Now it should tackle the second: create a well-designed income-based loan program.

The annual amount families spent on college leveled off at about $21,000 after several years of decline, according to Sallie Mae survey, which finds families -- particularly high-income ones -- taking steps to limit their expenditures.

Compromise would tie federal student loan interest rates to financial market, cap them, and direct some savings to reducing the deficit. Senate approval is not a sure thing.

CFOs at large (and generally healthy) universities nonetheless feel pressure to change their ways and cut costs, to support strategic priorities.

UConn goes public with investigation into child sex abuse allegations against professor -- and some documents indicate that as far back as 2006, some at the university were told of the charges.

Students (and families) are understandably questioning whether college is worth it. Jennifer Brannock Cox wrestles with how to make the case.