All posts tagged "Université"

Washington (AFP) - If the US Supreme Court had not overruled President Joe Biden's program to cancel billions of dollars in student debt, Satra D. Taylor, who borrowed $40,000 to complete her studies, could have seen that amount reduced by half. Now the 27-year-old -- who used the loan to study at the University of Michigan, supplementing a scholarship and other financial aid -- is back on the hook for the whole sum. "We created this unjust, inequitable, expensive, higher education system and so we need to redress it," she told AFP, standing before the high court. Biden's forgiveness program w......

New York (AFP) - Harvard University's endowment shot up 27 percent in a year, according to its annual financial report published Thursday, making it more than ever the world's richest university. Such endowments, very common in US higher education, are funded largely by private donations. Most of these are subject to restrictions on what the money can be used for, such as specific projects or areas of study. Only 5 to 5.5 percent of the endowment at Harvard is used to fund the actual running of the university. That was $2 billion dollars in the 2020-21 school year. Already the largest in the w......