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Students Could Wave Goodbye to Merit–Based Federal Aid
25 June 09 09:41 AM
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Student Loan Girl
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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
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Report: High Scorers May Benefit Most From Standardized Test Preparation
27 May 09 01:35 PM
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Student Loan Girl
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Students who receive above-average scores on standardized college admissions tests, such as the SAT, may benefit the most from commercial test preparation services, according to new report from the National Association for College Admission Counseling, although the benefits of such test preparation may not outweigh the costs for many families.
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$1M Awarded to Unnamed Whistleblowers in Federal Student Aid Suit
24 April 09 02:22 PM
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Student Loan Girl
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Alta Colleges, operating 17 campuses in six states, recently settled a lawsuit involving student-aid fraud allegations and has agreed to pay the federal government $7 million.
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No More Fixed Tuition for Georgia Students
17 April 09 04:43 PM
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Student Loan Girl
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In response to a $274 million loss in state funds, Georgia’s Board of Regents voted unanimously to suspend its “Fixed for Four” program, which guaranteed freshmen entering the University System of Georgia a set tuition rate for four years of school, The
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Tens of Thousands of College Work-Study Students to Benefit From Stimulus
24 February 09 03:08 PM
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Student Loan Girl
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An additional 130,000 college work-study students may have jobs next year thanks to the economic-stimulus bill that President Obama just signed into law which allocates approximately $200 million in new funding for Federal Work-Study Programs , reports
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States That Don’t Need Stimulus Funds to Benefit Anyway
19 February 09 11:35 AM
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Student Loan Girl
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0 Comments
While some states whose colleges are starving for money due to budget cuts are eagerly awaiting their share of the federal economic stimulus bill, the states that don’t need the stimulus money, or may not want it, may be getting it anyway, reports The
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Financial Aid Experts Brainstorm Ways to Help Students Survive Recession
29 January 09 05:48 PM
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Student Loan Girl
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At a recent financial aid conference, aid professionals discussed what colleges and universities can do to help struggling families pay for college amid a weakening economy, reports The Chronicle of Higher Education (“ Student-Aid Experts Offer Advice
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UC System Considers “Free” Tuition for Lower-Income Families
27 January 09 04:02 PM
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Student Loan Girl
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The University of California is considering a program which would offer certain students free tuition, reports The Chronicle of Higher Education (“ U. of California to Consider Covering Tuition for Families Below State’s Median Income ,” Jan. 22, 2009).
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Down Economy May Be Driving Students to Online Education
15 January 09 02:05 PM
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Student Loan Girl
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As jobs continue to disappear and unemployment soars, large numbers of adult learners may soon be enrolling in online programs, particularly at two-year colleges and for-profit institutions, according to a new online education survey (“ Recession May
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Univ. of Phoenix Accused of Manipulating Its Default Rate
14 January 09 04:39 PM
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Student Loan Girl
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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
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Auditors Accuse Bank of Illegally Getting Student Loans
09 January 09 02:20 PM
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Student Loan Girl
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0 Comments
A recently completed audit of Fifth Third Bank — the 20th largest lender of federal student loans in the country according to college financial aid site FinAid — found that the bank violated federal law by illegally paying three companies for loan applications
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Colleges Step Up, Help Students With Extra Financial Aid
08 January 09 04:13 PM
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Student Loan Girl
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If recent data is any indication, families are struggling to come up with the cash they need to send their children to college, and schools across the country are doing something to help those who’ve come up short, reports The Chronicle of Higher Education
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Job Outlook for College Graduates Not Encouraging
04 December 08 02:20 PM
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Student Loan Girl
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Up-and-coming college graduates may soon face one of the toughest job markets in years as they encounter employers who are scaling back hiring and a job market flooded with hundreds of thousands of recently unemployed workforce veterans. Just last month,
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Harvard’s $34 Billion Endowment Not Immune to Financial Crisis
12 November 08 06:24 PM
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Student Loan Girl
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Harvard University’s whopping $34 billion endowment is declining in the current economic crisis, and the hits could keep coming, wrote university president, Drew Gilpin Faust , in a recent e-mail sent to students and employees (“ A Sober Message From
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Two-Year Colleges Will Be Most Affected by State Budget Deficits
11 November 08 04:12 PM
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Student Loan Girl
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0 Comments
The financial outlook for community colleges in nearly half of all states is “not good,” with many institutions anticipating midyear cuts in funding, according to a member survey by the National Council of State Directors of Community Colleges (“ State
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