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Boston Globe
24-04-2025
- Business
- Boston Globe
Johnson & Wales University expands free tuition offer to select students in four states, including all of New England
The program, which takes hold this fall, was Students must also meet certain criteria: They must have a high school GPA of at least 3.2, complete and file the Free Application for Federal Student Aid, and opt to live on campus. Those seeking full tuition coverage must also be eligible for Get Rhode Map A weekday briefing from veteran Rhode Island reporters, focused on the things that matter most in the Ocean State. Enter Email Sign Up Related : Advertisement On Wednesday, school officials announced students in four additional states are now eligible, too, noting 'there has been great interest from prospective students and their families' since the initial January launch. 'At Johnson & Wales, we are creating pathways to make higher education more affordable, accessible, and attainable for students of all means and backgrounds,' Chancellor Mim Runey said in a statement. 'This new initiative, combined with our recently launched Advertisement The initiative covers only the cost of tuition. It does not include books, supplies, lab fees, and other expenses, such as room and board, Meredith Twombly, vice president of enrollment management, told the Globe in January. Still, a free education at the university could be a yearly savings of $41,872, According to the university's Last year, Johnson & Wales announced undergraduates will also be able to That initiative will allow students to receive degrees in computer science, criminal justice, graphic design, and hospitality management after attaining only 90 to 96 credits, instead of the typical 120-credit requirement. Material from previous Globe stories was used in this report. Christopher Gavin can be reached at
The Independent
28-03-2025
- Business
- The Independent
Charlie Javice convicted of defrauding JPMorgan during $175 million sale of financial aid startup
Charlie Javice, the charismatic founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid, was convicted on Friday of defrauding one of the largest U.S. banks, JPMorgan Chase, out of $175 million by exaggerating her customer base by 10 times. A jury in New York City returned its verdict after a five-week trial. Javice, 32, faces the possibility of a lengthy prison term. Javice was in her mid-20s when she founded Frank, a company with software that promised to simplify the process of filling out the Free Application for Federal Student Aid, a complex government form used by students to apply for aid for college or graduate school. The company promoted itself as a way for financially needy students to obtain more aid faster, in return for a few hundred dollars in fees. Javice appeared regularly on cable news programs to boost Frank's profile, once appearing on Forbes' '30 Under 30' list before JPMorgan bought the startup in 2021. JPMorgan executives testified that she told them she had over four million clients and would have about 10 million by year's end, but it turned out there were only about 300,000 customers. Javice's lawyer, Jose Baez, told the jury that JPMorgan knew what it was getting in the deal, and made up the fraud allegations due to buyer's remorse after government regulatory changes made the data it received in the deal useless to its hopes of gaining new young customers. Javice is among a number of young tech executives who vaulted to fame and media accolades with supposedly disruptive or transformative companies, only to see their businesses collapse amid questions about whether they had engaged in puffery and fraud while dealing with investors. She founded the company not long after graduating from the University of Pennsylvania's business school, telling interviewers she was motivated to dive into helping college students connect with financial resources because of her own frustrations navigating the process of getting financial aid. Frank's financial backers included venture capitalist Michael Eisenberg. The company offered a product similar to online tax preparation software that it said could help students maximize their financial aid while making the application process much less painful. JPMorgan was interested in acquiring Frank partly because of the potential it saw in the startup's supposedly huge list of satisfied customers. The bank believed those young, future college graduates could potentially be sold on the idea of a lifelong partnership with the financial institution. After buying the company, JPMorgan said it found evidence Javice had lied about her number of customers. Frank's chief of engineering, Patrick Vovor, testified at the trial that Javice had asked him to generate synthetic data to support her claim that the company had over 4 million users. At the time, JPMorgan was insisting on verification of the customers. Vovor said he refused her request. 'I told them I would not do anything illegal,' Vovor testified. Defense lawyers attacked Vovor's credibility during the trial, suggesting he had a crush on Javice and was resentful that he had been rejected, a claim he denied. Prosecutors said Javice then paid a college friend $18,000 to use a computer program to create millions of fake names with pedigree information. The results were sent to a third-party data provider that JPMorgan hired to verify the number of customers, but the data provider never checked to ensure the people were real, testimony showed. Baez said the bank knew what it was getting and the number of customers was in the hundreds of thousands rather than millions. 'JPMorgan is not telling the truth,' he said. 'They knew the numbers.' Javice, who lived in Miami Beach, Florida, has been free on $2 million bail since her arrest in 2023.
Yahoo
11-03-2025
- Politics
- Yahoo
Controversial FAFSA high school graduation requirement removed in Kansas
TOPEKA (KSNT) – Members of the Kansas Board of Education (KBOE) cast their votes Tuesday to remove a controversial high school graduation requirement. The KBOE met in Topeka on March 11 as part of its regular monthly session to discuss the latest issues related to education in the Sunflower State. The 10-member board voted 8-2 in favor of removing the requirement that high school graduates in 2028 must fill out a Free Application for Federal Student Aid (FAFSA) form. 'I was concerned about this at the very beginning and I only voted 'yes' at the very beginning because we added so many safeguards, but since that time, I'm going to vote no and I don't expect any… and I'm not trying to lobby for that, I expect this to pass and I hope it sorta does, but the fact is we have people that believe that we are emphasizing non-college over college and it's not a zero-sum game,' said KBOE member Jim Porter, District 9, who voted 'no' on Tuesday. 'I believe that we're emphasizing both and I think that removing the FAFSA sorta plays into that scenario.' 'I think it's important that we continue to recognize that there are many pathways to success,' said KBOE member Melanie Haas, District 2, who voted 'yes' in favor of removing the requirement on Tuesday. 'However, I do not want to put a family in a position where they have to fill out the FAFSA if college is not where they're headed. At the same time, I do want to make sure that we're not sending the wrong message to our schools and that they need to continue to hold the workshops they're having in the evenings and guiding parents and students through the process.' Bats, sex offenders and dangerous area prompt KBI to search for new home in Topeka The KBOE approved the FAFSA requirement for graduating high school seniors in Kansas in 2024 where a majority of the board gave their approval for the change to K.A.R. 91-31-35. High school seniors would have needed to either complete a FAFSA form or get a waiver to avoid having to complete one starting with graduates in 2028. Parents, students and school administrators criticized this addition to the list of requirements for graduating seniors in 2028. Members of the KBOE reviewed the FAFSA requirement and began the process of eliminating it by holding public hearings and meetings on the matter. Property tax reform bill up for debate in Kansas The Kansas State Department of Education's (KSDE) Graduation Task Force, created in 2021, and the Kansas Board of Regents (KBOR) recommended the addition of the FAFSA requirement to help encourage high school students to apply for financial aid and take advantage of millions in unused federal cash, according to the KSDE. KBOE board members also made some other changes to the minimum high school graduation requirements in 2024 that swapped out some of the required credits: A STEM elective. Half credit of P.E. and a half credit for health instead of one P.E. credit. Half credit for financial literacy and 4.5 electives aligned with student's Individual Plans of Study (IPS) instead of six electives. Three-and-a-half credits of English Language Arts and a half credit of communication instead of four credits of ELA. The U.S. Department of Education (DOE) states that students need to complete a FAFSA form to be eligible for federal student aid such as federal grants, loans and work-study funds. Students can then use these federal dollars to complete their journeys through higher education after graduating from high school. MTAA looks to bring commercial flights back to Topeka For more Kansas news, click here. Keep up with the latest breaking news in northeast Kansas by downloading our mobile app and by signing up for our news email alerts. Sign up for our Storm Track Weather app by clicking here. Follow Matthew Self on X (Twitter): Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
06-02-2025
- Climate
- Yahoo
Eastern Iowa Community Colleges postponing FAFSA event
Eastern Iowa Community Colleges (EICC) is postponing its FAFSA and Scholarship Night events originally scheduled for Wednesday, February 5, due to forecasted weather conditions. The events are being rescheduled, offering students and families another chance to receive expert financial aid guidance and learn about available scholarships. These are the new event dates: Monday, February 24 | 4 – 6 & Scholarship Night at Muscatine Community CollegeLocation: Loper Hall – Room 111 Monday, February 24 | 4 – 6 & Scholarship Night at Clinton Community CollegeLocation: Room 129 Scholarship Night at Scott Community College These free events are open to current and prospective students and their families. Attendees can: Get help completing the Free Application for Federal Student Aid (FAFSA). Learn how to maximize financial aid opportunities. Explore over $400,000 in available EICC Foundation scholarships. Receive one-on-one guidance from EICC's financial aid team. For students unable to attend in person, EICC's staff are available to provide assistance year-round for students unable to attend in person. For more information, click here. The deadline to apply for EICC's Foundation Scholarships is March 1. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
