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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

Justice Department Should Weigh In On Student-Loan Loophole Scandal, Senator Says
08 October 08 04:57 PM | Student Loan Girl | 0 Comments   

Rep. Thomas Petri , R-Wis., wrote to Secretary of Education Margaret Spellings this week asking whether she plans to involve the Justice Department in the investigation of a federal subsidy loophole that benefited nonprofit student loan providers and Read More...

Filed under: Department of Justice, education department audit, education secretary, federal student loans, government subsidies, government subsidy programs, guaranteed student loan program, Justice Department, lender subsidies, Margaret Spellings, NextStudent, nonprofit student loan lenders, Paul Basken, private student loans, Representative Thomas Petri, Secretary of Education, student loan loopholes, student loan providers, student loan scandals, student loan subsidies, student loans, The Chronicle of Higher Education, U.S. Congress

Government’s Direct Lending Program Sees 43-Percent Increase in Volume
02 September 08 05:36 PM | Student Loan Girl | 0 Comments   

As cash-strapped lenders continue to drop out of the Federal Family Education Loan Program , the number of student loans originated for the 2008–09 school year through the government’s Direct Loan Program has increased by 43 percent, reports The Chronicle Read More...

Filed under: Anna Griswold, college, College Cost Reduction and Access Act, college loans, credit crisis, Department of Education, direct lending program, Direct Loan Program, Education Department inspector general, education secretary, Federal Family Education Loan Program, Federal Student Loan Program, federal student loans, FFEL program, FFELP, financial aid administrators, H.R. 2669, House Committee on Education and Labor, Margaret Spellings, NextStudent, Penn State, Penn State student loans, Pennsylvania Higher Education Assistance Agency, private lenders, private student loans, Student Lending Analytics, student loan crisis, subprime mortgage crisis fallout, The Chronicle of Higher Education

Proposed Bill Combines House, Senate Versions of the Higher Education Act
14 May 08 04:51 PM | Student Loan Girl | 0 Comments   

Congressional aides hope to finalize a renewal of the Higher Education Act by Memorial Day that merges different versions of the proposed bill passed separately by the House of Representatives and the Senate last year, according to an article in The Chronicle Read More...

Filed under: campus emergency, campus piracy, college, College Accreditation, college cost, college loans, college piracy, College Textbooks, Congress, Department of Educaiton, Education Department, education secretary, federal student loans, Higher Educationon Act, House of Representatives, illegal downloading, illegal downloads, Margaret Spellings, National Advisory Committee on Institutional Quality and Integrity, NextStudent, piracy, private student loans, Secretary of Education, student loans, texbooks, textbook publishers, The Chronicle of Higher Education, U.S. Senate