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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

Overhaul of Student Loan System in the Works
22 June 09 08:30 AM | Student Loan Girl | 0 Comments   

A bill to overhaul the student loan industry may reach Congress as early as next week; education-committee chairs are working behind the scenes on a piece of legislation that would eliminate the third-party student loan system called the Federal Family Read More...

Filed under: Congressional Budget Office, Consumer Price Index, fate of student loan industry, Federal Family Education Loan Program, Federal Pell Grant Program, federal student loan lenders, Federal Student Loan Program, federal student loans, FFEL program, FFELP, FFEP lenders, NextStudent, Obama student loan plan, Pell Grants, private student loans, Sallie Mae, student loan industry, student loan laws, Student Loan Legislation, student loan overhaul, student loan regulation, student loans, The Chronicle of Higher Education, third party student loan lenders

Report: High Scorers May Benefit Most From Standardized Test Preparation
27 May 09 01:35 PM | Student Loan Girl | 0 Comments   

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. Read More...

Filed under: coaching, college, college financial aid, college loans, commercial test preparation services, Derek Briggs, Eric Hoover, financial aid, improve admissions chances, Kaplan Test Prep and Admissions, minority students, NACAC, National Association for College Admission Counseling, NextStudent, paying for college, practice tests, Preparation for College Admission Exams, SAT, SAT score, SAT test takers, Seppy Basili, standardized college admissions tests, student loans, test prep services, test preparation, test preparation handbook, The Chronicle of Higher Education, tuition, University of Colorado, white students

$1M Awarded to Unnamed Whistleblowers in Federal Student Aid Suit
24 April 09 02:22 PM | Student Loan Girl | 0 Comments   

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. Read More...

Filed under: Alta Colleges, Andrew Mytelka, college, college financial aid, college loans, Denver, false claim, False Claims Act, federal government, federal student aid, financial aid, George Burnett, graduates, Graduation, interior design, interior design industry, interior design program, job placement reporting, jobs, licensing requirements, misrepresentation, NextStudent, paying for college, state license, student aid fraud, student loans, Students, The Associated Press, The Chronicle of Higher Education, tuition, Westwood Colleges, whistleblowers

No More Fixed Tuition for Georgia Students
17 April 09 04:43 PM | Student Loan Girl | 0 Comments   

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 Read More...

Filed under: college, college costs, college loans, College Tuition, Erroll B. Davis Jr., fixed tuition, Georgia board of regents, Georgia freshmen tuition costs, Georgia public colleges, Georgia Tech, Georgia tuition rates, Georogia tuition, NextStudent, student loans, The Atlanta Journal Constitution, The Chronicle of Higher Education, tuition programs, tuiton costs, University of Georgia, University System of Georgia Chancellor, University System of Georgia fixed tuition

Tens of Thousands of College Work-Study Students to Benefit From Stimulus
24 February 09 03:08 PM | Student Loan Girl | 0 Comments   

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 Read More...

Filed under: Association of Jesuit Colleges and Universities, Beckie Supiano, bipartisan, Capitol Hill, college, college financial aid, college loans, college work study, Congress, Cynthia Littlefield, economic stimulus bill, Federal Work-Study Program, financial aid, graduate student, higher education official, matching work study funds, NextStudent, paying for college, Pell Grant, President Obama, stimulus money, student loans, tax credit, The Chronicle of Higher Education, tuition, undergraduate student, work study students

States That Don’t Need Stimulus Funds to Benefit Anyway
19 February 09 11:35 AM | Student Loan Girl | 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 Read More...

Filed under: Arkansas, budget crises, budget cutbacks, budget deficit, budget gap, college, college construction projects, college financial aid, college loans, Eric Kelderman, federal economic stimulus bill, federal stimulus funds, financial aid, Gov Mark Sanford, higher education spending, Joel Sawyer, layoffs, Mark Sanford, Nevada, NextStudent, Oklahoma, paying for college, public schools, South Carolina, State Fiscal Stabilization Fund, state governors, stimulus money, student loans, The Chronicle of Higher Education, tuition, unemployment rate

Financial Aid Experts Brainstorm Ways to Help Students Survive Recession
29 January 09 05:48 PM | Student Loan Girl | 0 Comments   

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 Read More...

Filed under: Aid in an Age of Uncertainty, award letters, Beckie Supiano, college, college financial aid, college loans, college scholarship, financial aid, financial aid director, financial aid office, high unemployment, institutional loan, Josph Russo, low interest loan, Natala Hart, new student, NextStudent, no interest loan, Ohio State University, paying for college, returning student, scholarship, student loans, The Chronicle of Higher Education, tight credit, tuition, tuition payment deadline, tuition payments, University of Notre Dame, weakening economy

UC System Considers “Free” Tuition for Lower-Income Families
27 January 09 04:02 PM | Student Loan Girl | 0 Comments   

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). Read More...

Filed under: Blue and Gold Opportunity Plan, college, college financial aid, college loans, federal aid, financial aid, free tuition, free tuition plan, institutional aid, Josh Keller, low income student, Mark Yudof, median income, middle income student, NextStudent, paying for college, rising tuition, state aid, state funding, student loans, The Chronicle of Higher Education, tuition, tuition costs, tuition plan, UC Board of Regents, University of California

Down Economy May Be Driving Students to Online Education
15 January 09 02:05 PM | Student Loan Girl | 0 Comments   

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 Read More...

Filed under: adult learners, college, college degree, college financial aid, college loans, enrollment, enrollment strategy, financial aid, for profit institutions, higher education, I Elaine Allen, Internet, job loss, marketable skills, NextStudent, online courses, online education, online enrollment, online learning, online programs, paying for college, recession, Sloan Consortium, soaring unemployment, Steve Kolowich, student loans, The Chronicle of Higher Education, tuition, two year college, unemployment, working adults

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...

Filed under: college, college lawsuits, college loans, Education Department, federal college loans, federal student aid, Federal Student Loan Program, federal student loans, federally guaranteed loans, for profit colleges, Higher Education Act, NextStudent, online college, student loan collections, student loan default rates, student loan defaults, student loan grace periods, student loan interest rates, student loan payback policies, student loan repayment options, student loan repayment terms, student loans, The Chronicle of Higher Education, U.S. Department of Education, Univeristy of Phoenix

Auditors Accuse Bank of Illegally Getting Student Loans
09 January 09 02:20 PM | Student Loan Girl | 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 Read More...

Filed under: bank, Cliff Peale, college, college financial aid, college loans, Department of Education, Federal Family Education Loan Program, federal student loan program federal student loan, FFEL, Fifth Third Bank, FinAid, financial aid, improperly obtained loan, inducements, Inspector General, Kelly Field, Law School Financial, lenders, loan application, loan volume, MSA Solution Inc, NextStudent, Pacific Loan Processing, paying for college, student loans, The Chronicle of Higher Education, The Enquirer, tuition

Colleges Step Up, Help Students With Extra Financial Aid
08 January 09 04:13 PM | Student Loan Girl | 0 Comments   

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 Read More...

Filed under: Agnes Scott College, Agnes Solution, Beckie Supiano, Big Ten, Brent Gage, Brother James Miller Program for Access, business downturn, Business Wire, cash for college, college, college financial aid, college loans, Craig Carroll, demand for student aid, economic downturn, extended grace period, FAFSA, family budgets, federal aid, financial aid, financial aid program, financial aid season, financial assistance, financially needy student, Free Application for Federal Student Aid, Freshmen, Georgia, Hope Scholarship, Huskie Advantage, jobs, low income, middle income, Minnesota, need based aid, NextStudent, Northern Illinois University, paying for college, Pell Grants, recession, Saint Mary's University, state aid, state grants, student, Student Financial Aid Services, student loans, The Chronicle of Higher Education, tuition, tuition bills, underclassmen, upperclassmen

Job Outlook for College Graduates Not Encouraging
04 December 08 02:20 PM | Student Loan Girl | 0 Comments   

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, Read More...

Filed under: annual employment report, associate degree graduates, bachelors degree graduates, college, college financial aid, college graduates, college loans, Collegiate Employment Research Institute, economic uncertainty, employees, employers, financial aid, health care, hiring, hiring projections, job market, job outlook, job prospects, medical manufacturing, Michigan State University, NextStudent, nonprofit organizations, oil and gas industry, paying for college, Philip Gardner, science, student loans, technology, The Chronicle of Higher Education, tuition, U.S. Department of Labor, unemployment rate, workforce veterans

Harvard’s $34 Billion Endowment Not Immune to Financial Crisis
12 November 08 06:24 PM | Student Loan Girl | 0 Comments   

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 Read More...

Filed under: Brown University, college endowments, college loans, Cornell University, Drew Gilpin Faust, financial aid, Harvard University, hiring freezes, NextStudent, student loans, The Boston Globe, The Chronicle of Higher Education