American Morning
College costs reach record high... But there is hope
Editor's Note: Ben Kaplan is the publisher of CityofCollegeDreams.org and the creator of Scholarship Super Camp. The online camp provides personal guidance from Ben–via a series of video workshops, group Q&A chats, and essay help sessions–that shows you how to maximize financial aid, win college scholarships, and save on student loans.
By Ben Kaplan
Publisher of CityofCollegeDreams.org
These days, many students and parents are asking a simple question: How can college costs continue to rise even when families like ours face lower incomes and less job security?
Unfortunately, the answer isn't an easy one: The combination of state funding declines, plummeting college endowment valuations, and record student enrollments has put upward pressure on tuition prices, even in the midst of economic recession.
The result: According to a recent report by the College Board, tuition and fees at 4-year private colleges rose 4.4% to $26,273 per year, while tuition and fees at 4-year public colleges rose 6% to $7,020 per year (in-state students) and $18,548 (out-of-state students).
In turn, it's no surprise that many more students are applying for need-based financial aid. According to the National Association of Student Financial Aid Administrators (NASFAA), 9 out of 10 colleges have seen an increase in the number of financial aid applications they received this year-with two-thirds experiencing a dramatic increase of 10 percent or more.
And that's not all: More students than ever are appealing their initial financial aid awards. In fact, nearly two-thirds of colleges have seen the number of "professional judgment" appeals increase by at least 10 percent.
The bottom line is this: Financial aid officers are busier. Budgets are stretched thin. As a result, it's even more important than in past years to get your financial aid forms in early and meet a college's priority financial aid deadlines.
Romans' Numeral
Monday November 2, 2009
Romans' Numeral: 90,000,000
Number of employees whose businesses use CIT cash
Romans' Numeral: $2.3 billion
Amount of bailout money at risk in CIT
Read more: CIT bankruptcy: 5th largest in U.S.
PolitiFact Truth-O-Meter
Editor's Note: PolitiFact.com is a project of the St. Petersburg Times that aims to help you find the truth in politics. Every day, reporters and researchers from the Times examine statements by members of Congress, the president, etc. They research their statements and then rate the accuracy on their Truth-O-Meter.
Bono claims U.S. gives about half the aid as European countries, percentage-wise
[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/images/11/02/bono.gi.art.jpg caption="Bono mixes up foreign aid statistics, according to PolitiFact's Truth-O-Meter."]
With all due respect to the musical prowess of Bill Clinton and Mike Huckabee, we think this is the first time we've checked a bona fide rock icon with our Truth-O-Meter.
But U2's Bono is no ordinary rock star. He's also a political activist, using his pop status to advocate for African aid and AIDS relief.
Which is how Bono came to be asked by an Associated Press music writer what he thought about President Barack Obama with regard to funding the fight against AIDS in Africa.
"The Obama administration is just getting going," Bono said. "(He) has promised to double aid over the next years, because even though (President George W.) Bush tripled it ... the United States is still about half as what European countries give as a percentage, and I think he knows that's not right."
We decided to check whether Bono was right that "the United States is still about half as what European countries give as a percentage."
This turned into a tricky fact-check because Bono appears to have interchanged two different funding issues in his comment: global HIV/AIDS relief and foreign aid.
The Truth-O-Meter says: HALF TRUE
Biden a key part of Obama's inner circle
Watch American Morning all this week for more of our special series, The Presidential Brain Trust.
[cnn-photo-caption image= http://am.blogs.cnn.com/files/2009/11/biden-joe-gi-art.jpg caption="President Obama values Joe Biden's advice as truth teller, officials say."]
By Ed Henry
CNN Senior White House Correspondent
Washington (CNN) - Apparently you can take the vice president out of the Senate, but you just can't take the Senate out of the vice president, and that might be the secret to Joe Biden's influence in President Obama's inner circle.
As I waited Friday in the ornate rooms of the old Department of War near Biden's office in the Eisenhower Executive Office Building next to the White House, I kept wondering which Biden was going to show up for our exclusive interview.
Would it be the old Joe that I used to cover as the Senate correspondent for Roll Call newspaper many years ago, who would throw an arm around me in a Capitol hallway and be happy to give a - let's face it - fairly long answer about any subject I'd throw at him?
Biden had this habit of dropping flattery as well as a reporter's name into the answers for familiarity in his gosh-darn-it manner: "Look Ed, I'm literally not just blowing smoke, but you know as much about the Bush tax cuts as I do. ..."
Obamas' marriage had 'serious period of tension'
To many it looks like President Obama and First Lady Michelle have a picture-perfect marriage. In a candid interview with New York Times writer Jodi Kantor, the first couple revealed things weren't always so perfect.
Kantor joined Kiran Chetry on CNN’s “American Morning” Friday. Below is an edited transcript of the interview.
Kiran Chetry: You had a very rare opportunity to sit down with both of them for 40 minutes and ask them a lot of personal questions about their marriage. What struck you the most about that interview?
Jodi Kantor: A couple of things. One was just being in the Oval Office, the place that symbolizes executive power and we were talking about things like date night. And another thing, you know, I think the question that elicited the most memorable response was I asked the president and first lady if it's possible to have an equal marriage when one member is president and it was a little tough for the president to answer the question.
Chetry: So how did he answer it?
Kantor: Well, he took a couple tries. I mean, he's normally so eloquent and fluent and he tried once and he tried again and then he said, I have to be really careful about how I answer this question. And Mrs. Obama is looking at him, intently, to see what he's going to say. And finally, she sort of stepped in to say, you know what, in our jobs, we are not equal now, but in our private lives we are.
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