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Students Could Wave Goodbye to Merit–Based Federal Aid
25 June 09 09:41 AM | Student Loan Girl | 1 Comments   

In another move to restructure the federal financial aid system, President Obama has proposed ending the government’s five-year foray into merit-based student aid and redirecting those financial aid funds to the need-based Pell Grant program, reports Read More...

Filed under: Academic Competitiveness Grants, college, college grants, college loans, Department of Education, Education department inspector general, Education Department, education secretary, federal financial aid system, federal financial aid, federal grants, Financial Aid Officers, foreign language grants, freshman grants, junior grants, low income students, Margaret Spellings, math grants, merit aid, National Science and Mathematics Access to Retain Talent grants, need based aid, NextStudent, Obama proposals, Pell Grant program, Pell Grants, science grants, senior grants, SMART Grants, sophomore grants, Student Aid, Student Loan Legislation, the american council on education, The Chronicle of Higher Education

The Plot Thickens for the Future of Student Lending
13 April 09 05:00 PM | Student Loan Girl | 0 Comments   

It’s “all hands on deck” for federal student loan lenders, who have made it abundantly clear that they’re not going to roll over and accept the terms of the Obama administration’s proposal to axe their Federal Family Education Loan Program in favor of the Education Department’s Direct Loan Program without a fight. Read More...

Filed under: Albert Lord, Allen Boyd, college, college loans, Congressional Budget Office, default prevention, Direct Loan Program, Education Department, Federal Family Education Loan Program, federal loan program, federal student loans, FFEL program, FFELP lenders, Florida representatives, government bailout, government loan program, NextStudent, Obama administration, Pell Grant program, private lenders, representative Timothy Bishop, Sallie Mae, Southampton College, state loan guarantee agencies, student loan companies, student loan providers, student loans, The New York Times

Government Warns: Pell Grant Program in Trouble
22 September 08 02:47 PM | Student Loan Girl | 0 Comments   

Without additional taxpayer funds next year, the government’s “most important” federal financial aid program may be unable to provide Pell Grants to millions of eligible low-income students, likely pricing these students out of a higher education, according Read More...

Filed under: American Association of Collegiate Registrars and Admissions Officers, American Association of State Colleges and Universities, Barmak Nassirian, budget shortages, budget shortfalls, college, college loans, College Tuition, Congress, Continuing Education, Department of Education, Edward M. Elmendorf, federal budget cuts, federal financial aid, federal grants, financial aid programs, grant programs, Low-Income Students, NextStudent, Pell Grant program, Pell Grants, private student loans, Scholarships, state budget cuts, state budgets, student loans, The New York Times, tuition costs

2009 Budget Resolution with More Money for Education Approved by Senate
09 June 08 03:48 PM | Student Loan Girl | 0 Comments   

The U.S. Senate approved an $84.3-billion discretionary spending blueprint for the 2009 fiscal year that greatly increases federal funds for education as well as scientific research, according to an article in The Chronicle of Higher Education (“ Senate Read More...

Filed under: Chronicle of Higher Education, college loans, House of Representatives, Kelly Field, NextStudent, Pell Grant program, student loans, U.S. Senate