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1

How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

2

Meet the 33-year-old CEO betting on boomers chasing their grandkids—and millennials selling their first house

3

The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner

1

How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

2

Meet the 33-year-old CEO betting on boomers chasing their grandkids—and millennials selling their first house

3

The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
Education

Beneficiaries of New York’s Free College Program Must Work in the State After Graduating

By Ryan Ho Kilpatrick
April 11, 2017, 4:51 AM ET
New York First State To Offer Free Public University Tuition For Middle Class
People and students mill about on the campus of Hunter College of The City University of New York, April 10, 2017 in New York City.Drew Angerer—Getty Images
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Students awarded a new scholarship in New York must live and work in the state for several years after graduation—or pay back their tuition fees.

According to the fine print on the Excelsior Scholarship, which lets students attending a State University or City University of New York to study free of tuition fees if their families earn no more than $100,000 a year, recipients must stay in the state for the same number of years for which they received funding, the Wall Street Journal reports.

The scholarships have earned New York Governor Andrew Cuomo praise for making his state the first to make tuition-free college a reality. But according to the WSJ, critics say the requirement to live and work in New York may force graduates to take unemployment in New York over jobs elsewhere.

For more about education, watch Fortune’s video:

About 32,000 students a year are predicted to take advantage of the Excelsior Scholarship as it begins to be offered from this fall. Recipients must also take 30 credits per year, keep the GPA necessary to stay in school, and graduate on time.

[WSJ]

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