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‘Gap Loans’ at For-Profit Colleges Escape Proposed Legislation
27 October 09 12:47 PM | Student Loan Girl | 0 Comments   
While acting last Thursday to approve the creation of a Consumer Financial Protection Agency, which will expand federal oversight of private student loans, a Congressional panel at the same time voted to reject a proposal that would have included school-sponsored “gap loans” under the authority of the new CFPA. Read More...
Univ. of Phoenix Accused of Manipulating Its Default Rate
14 January 09 04:39 PM | Student Loan Girl | 0 Comments   
Three former University of Phoenix students are suing the for-profit higher education giant for using a questionable loan repayment practice that skews the university’s default rate and takes away federal student loan repayment options from students who Read More...
Provision of Higher Education Act May Force Schools to Spy on Online Students
28 July 08 09:24 PM | Student Loan Girl | 0 Comments   
Language in the bill, currently before Congress, to re-authorize the Higher Education Act could lead distance-learning institutions to use home-monitoring devices to police their students who take courses online, according to an article in The Chronicle Read More...
For-Profit Colleges Face Expulsion from Federal Student Aid Program for Awarding Too Much Aid
25 July 08 11:50 AM | Student Loan Girl | 0 Comments   
Under new federal legislation, many students at for-profit institutions have seen the amount of their Pell and federal student loan awards increase and a larger number these students have been able to cover all their college costs with just these two Read More...
Unfinished Business: Congress May Break Before Higher-Ed Bills Reviewed
03 July 08 04:08 PM | Student Loan Girl | 0 Comments   
While Congress is heading home for its annual Fourth of July recess, there are still many higher-education bills and pieces of legislation that need to be addressed before they break, according to an article in The Chronicle of Higher Education (“ Higher- Read More...
In Fight to Lower Tuition, Small Universities May Be Harmed
25 June 08 03:43 PM | Student Loan Girl | 0 Comments   
Some small U.S. colleges and universities are concerned that they may be the target of a new bill that would force schools with multi -billion dollar endowments, like Harvard , to reduce their tuition costs, and place other high-tuition institutions without Read More...
Higher Education Act Likely to Hold Colleges More Accountable for their Spending
12 June 08 10:53 AM | Student Loan Girl | 0 Comments   
Once Congress negotiates the latest reauthorization terms of the Higher Education Act, colleges will likely be required to report to the federal government on at least 300 new topics including tuition increases, transfer-of-credit policies, and file sharing, Read More...
New Senator at the Helm of Higher Education Act Negotiations
03 June 08 04:13 PM | Student Loan Girl | 0 Comments   
Sen. Barbara Mikulski , D-Md., will “pinch hit” for Sen. Edward Kennedy , D-Mass. — the chairman of the Senate Committee on Health, Education, Labor and Pensions who is recovering from surgery to treat a malignant brain tumor — in Senate and House negotiations Read More...
Senator Proposes Penalties for Colleges That Hoard Endowment Funds
15 May 08 11:58 AM | Student Loan Girl | 0 Comments   
In a recent letter to the U.S. House of Representatives Committee on Ways and Means , Rep. Peter Welch , D-Vermont, proposed restricting IRA rollover contributions to colleges that don’t use their endowments to help low and middle-income students pay Read More...
Credit Unions Offer Themselves as Partial Solution to Looming Student Loan Crisis
12 April 08 11:19 AM | Student Loan Girl | 0 Comments   
In the last six months alone, since legislators eliminated over $21 billion in subsidies to student loan lenders in the Federal Family Education Loan Program, at least 44 FFELP lenders have stopped originating federal student loans. This exodus of lenders Read More...
Congress Joins States and Colleges in Efforts to Reduce Soaring Textbook Costs
03 March 08 07:09 AM | Student Loan Girl | 1 Comments   
With the average college student now shelling out between $900 and $1,000 each year for textbooks and supplies, according to the College Board ’s latest Trends in College Pricing report, schools, states, and now Congress are getting involved in the crusade Read More...
Politicians Battle to Help College Students
20 June 07 05:31 PM | Student Loan Girl | 0 Comments   
The last several years we have witnessed both the democrats and the republicans warring over the best way to make college more affordable for students. Often bills sponsored by one party in the House of Representatives would pass there, only to fail in Read More...
Teacher Prep Strategies Discussed by Congress
21 May 07 10:00 PM | Student Loan Girl | 0 Comments   
Apparently, preparing quality teachers is something that Congress considers very important, as “Last year alone, Congress appropriated $2.89 billion through the No Child Left Behind Act and $59.9 million through the Higher Education Act to fund teacher Read More...
International Affairs for College Students?
30 March 07 10:33 PM | Student Loan Girl | 0 Comments   
But not like you think. I am not talking about long-distance relationships, at least not in the dating sense. However, if the National Academies’ National Research Council has its way, more and more college students will be going international in the Read More...
Budget Picture FY08
07 February 07 08:43 PM | Student Loan Girl | 0 Comments   
As I reported earlier this week, President Bush released his FY08 Budget on Monday, Feb. 5, 2007. And although it promises to increase the maximum Pell Grant to $4,600 this year up to $5,400 by 2012, he will use funds from other grants for low-income Read More...
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