Archinect - News 2014-04-24T00:15:49-04:00 http://archinect.com/news/article/97717344/applications-to-cooper-union-stumble-in-wake-of-decision-to-charge-tuition Applications to Cooper Union stumble in wake of decision to charge tuition Amelia Taylor-Hochberg 2014-04-10T17:59:00-04:00 >2014-04-10T21:14:15-04:00 <img src="http://cdn.archinect.net/images/514x/36/36oisajfp7snr1iu.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>[Cooper Union], which announced last April that it would charge undergraduate students tuition for the first time, released figures on Friday that showed overall applications were down this year by just over 20 percent. [...] The new figures indicate that the admission rate nearly doubled, from 7.7 percent last year to 14.4 percent this year, which still places Cooper Union among the most selective schools in the country.</p></em><br /><br /><p>The freshmen class of Fall 2014 will be the first in Cooper Union's history to pay tuition. It remains to be seen whether Cooper Union's reputation overtime will falter, as quality considerations are matched against tuition rates and student debt, and students are given fewer options to pursue affordable education.</p> http://archinect.com/news/article/95485007/architects-laud-introduction-of-bipartisan-national-design-services-act-as-way-to-cut-spiraling-student-loan-debt Architects Laud Introduction of Bipartisan National Design Services Act As Way to Cut Spiraling Student Loan Debt Alexander Walter 2014-03-12T14:39:00-04:00 >2014-03-17T20:37:20-04:00 <img src="http://cdn.archinect.net/images/514x/ny/nyzf3hpyr490kawm.jpg" width="514" height="192" border="0" title="" alt="" /><em><p>The American Institute of Architects (AIA) and the American Institute of Architecture Students (AIAS) today committed to timely passage of the National Design Services Act (NDSA), which will give architecture students the same relief from crushing student loan debt, which is already granted young lawyers, doctors and others &ndash; in return for community service.</p></em><br /><br /><p><em>"Indeed, enthusiasm for such legislation knows no bounds on the campuses of architecture schools and elsewhere among the emerging professionals community. One young architect, Evan Litvin of Philadelphia, has launched an online petition that enlists the support of architects nationwide for speedy passage of the NDSA. The link to that petition can be found <a href="http://www.change.org/petitions/members-of-congress-support-the-national-design-services-act-ndsa?utm_source=supporter_message&amp;utm_medium=email&amp;utm_campaign=supporter_message" rel="nofollow" target="_blank">here</a>.</em>"</p> http://archinect.com/news/article/77677479/pave-offers-an-interesting-new-option-for-funding-an-education Pave offers an interesting new option for funding an education Archinect 2013-07-22T15:10:00-04:00 >2013-07-23T20:09:03-04:00 <img src="http://cdn.archinect.net/images/514x/dg/dg96mfze41bw8aiw.jpg" width="514" height="355" border="0" title="" alt="" /><em><p>Daniel Toole is a 28-year-old architect in Seattle who plans to attend Harvard&rsquo;s master&rsquo;s program in urban design. But instead of paying his way with graduate student loans, he is trying to raise money by selling a slice of his future earnings to investors.</p></em><br /><br /><p> <em>He needs $80,000, even after scholarships and grants. Mr. Toole wants to finance a big chunk of that through a new company called <a href="https://www.pave.com/" rel="nofollow" target="_blank">Pave</a>, which connects people like him with &ldquo;backers.&rdquo; If he reaches his goal and raises $30,000 from Pave investors, he will pay them 7 percent of his projected annual salary for 10 years.</em></p> <p> <em>&ldquo;If I decide to go into the Peace Corps or do something like work for a major firm that didn&rsquo;t pay well for the first couple years out of school, the percentage of total income would be quite a bit lower than standard 10-year loan paybacks,&rdquo; said Mr. Toole, who has commitments for nearly $11,000 so far.</em></p> <p> <em>The program comes with other perks: the investors, who clearly want to see their human investments succeed, often double as mentors.</em></p> <p> <em>&ldquo;This is me reaching out and seeing if I can get access to people who can guide me through my career and push me around through their own networks,&rdquo; Mr. Toole added. &ldquo;I need solid financial mentorship. I am not great with money, and ...</em></p> http://archinect.com/news/article/46270111/architects-support-students-call-for-pro-bono-work-in-exchange-for-loan-relief Architects Support Students' Call for Pro Bono Work in Exchange for Loan Relief Archinect 2012-04-25T18:24:00-04:00 >2012-05-28T02:09:30-04:00 <img src="http://cdn.archinect.net/images/514x/4r/4rh07pjtvj4ocm05.jpg" width="514" height="327" border="0" title="" alt="" /><em><p>The American Institute of Architects (AIA) and the American Institute of Architecture Students (AIAS) today called for Congress to pass legislation that includes architecture school graduates in the same programs that offer other graduates loan debt assistance if they donate their services to their communities and elsewhere.</p></em><br /><br /><p> The AIA/AIAS initiative comes as both President Obama this past weekend and likely Republican presidential nominee Mitt Romney today urged Congress to head off a scheduled increase in student loan interest rates this July.</p> <p> Also today, the AIAS released a survey of almost 600 architect school graduates showing that graduating architecture students carry a much higher amount of undergraduate student debt - $40,000 on average &ndash; than the national student loan debt average of $25,000. AIAS members will visit Capitol Hill in July to lobby lawmakers on these issues.</p> <p> &ldquo;There are numerous opportunities for young talented architects to use their skills to help rebuild our nation&rsquo;s communities,&rdquo; said AIA President Jeff Potter, FAIA. &ldquo;Yet, more and more young architects are leaving the profession because they cannot afford to remain; this brain-drain will have major implications for our communities and the construction industry in the years ahead.&rdquo;</p> <p> &ldquo;The AIA and AIAS are not asking for a ...</p> http://archinect.com/news/article/46162984/obama-only-8-years-out-of-student-loan-debt-dontdoublemyrate Obama only 8 years out of student loan debt #dontdoublemyrate Paul Petrunia 2012-04-24T20:07:00-04:00 >2012-04-25T10:32:43-04:00 <img src="http://cdn.archinect.net/images/514x/h5/h5o1mm53tk9ooh98.jpg" width="514" height="323" border="0" title="" alt="" /><em><p>For the first eight years of our marriage, [Michelle and I] were paying more in student loans than what we were paying for our mortgage. So we know what this is about. And we were lucky to land good jobs with a steady income. But we only finished paying off our student loans&mdash;check this out, all right, I&rsquo;m the President of the United States&mdash;we only finished paying off our student loans about eight years ago.</p></em><br /><br /><p> <a href="https://twitter.com/#!/search/%23DontDoubleMyRate" rel="nofollow" target="_blank">#dontdoublemyrate</a></p> http://archinect.com/news/article/9223875/dept-of-education-breaks-down-stockton-mans-door-for-wife-s-defaulted-student-loans Dept. of Education breaks down Stockton mans door [for wife's defaulted student loans] Paul Petrunia 2011-06-08T16:37:57-04:00 >2011-06-08T16:38:30-04:00 <img src="http://cdn.archinect.net/images/514x/aa/aa7f7b8fa7e73b6499ab8582adc46f3b.jpg" width="514" height="306" border="0" title="" alt="" /><em><p>"They put me in handcuffs in that hot patrol car for six hours, traumatizing my kids," Wright said. Wright said he later went to the mayor and Stockton Police Department, but the City of Stockton had nothing to do with Wright's search warrant. The U.S. Department of Education issued the search and called in the S.W.A.T for his wife's defaulted student loans. "They busted down my door for this," Wright said. "It wasn't even me."</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html>