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FAFSA Discourages Students From Applying for Federal Loans
10 June 09 02:10 PM
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Student Loan Girl
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A large proportion of students who only take out non-federal private student loans to finance their education aren’t applying for federal financial aid at all, and it’s the application itself that may be culprit, a new study suggests (“ Nightmare Application
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Federal Student Loan Lenders Fight for Survival
30 March 09 04:52 PM
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Student Loan Girl
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In what is being viewed as a direct hit to private third-party lenders in the Federal Family Education Loan Program who are fighting to keep the program alive, the U.S. Department of Education’s preliminary data paints the FFEL program as a costly and
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Groups Say Forgiving Student Loan Debt Would Boost Economy
25 March 09 05:16 PM
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Student Loan Girl
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As student loan debt continues to rise — jumping to $20,098 per graduating student loan borrower in 2007 from $18,796 in 2006 — and employment prospects continue to worsen, college graduates are experiencing greater difficulty repaying their student loans,
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Despite Down Economy, College Student Aid Still Thriving
23 March 09 05:18 PM
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Student Loan Girl
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In economic downturns, colleges and universities become flooded with students of all ages looking to better prepare themselves for an increasingly competitive job market. But these schools haven’t been immune to the effects of today’s recession. Fortunately, for every recent economic downturn in higher education there’s also been a tangible upside.
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Note to Families: Financial Aid More Competitive, But Not Out of Reach
26 January 09 05:09 PM
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Student Loan Girl
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With more families applying for financial aid — applications are already up 10 percent above last year’s record — and lending for private student loans drying up, families’ ability to find available financial aid is becoming more difficult, reports the
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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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Kentucky Set to Buy $50 Million Bond So Students Can Get College Loans
18 August 08 03:57 PM
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Student Loan Girl
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To ensure that Kentucky students get the money they need to pay for school, Kentucky Gov. Steve Beshear has authorized the state to buy a $50 million bond from the state’s student loan agency just before fall classes get underway, reports the Lexington
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Number of Students Applying for Federal Financial Aid Goes Up Almost 20%
12 August 08 04:21 PM
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Student Loan Girl
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While college enrollment is only expected to grow by 300,000 students this year, some 1.3 million additional college students have already applied for federal financial aid — an increase of 17 percent, according to an article in U.S. News World Report
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Sex Offenders May Lose Pell Grant Eligibility Under Revised Higher Education Act
04 August 08 04:49 PM
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Student Loan Girl
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Starting July 1, 2009, sex offenders confined in treatment centers throughout the country may no longer be eligible to receive need-based federal Pell Grants , under a new provision of the reauthorized Higher Education Act, according to an article in
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Proposed Legislation Would Prevent Student Loan Lenders from ‘Cherry-Picking’ Schools They Lend To
19 June 08 06:14 PM
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Student Loan Girl
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To ensure all students have access to student loans regardless of what type of school they attend, two Democratic senators introduced legislation Tuesday that would prohibit banks and other lenders from “picking and choosing” which institutions of higher
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Medical Residents Losing Ability to Defer Student Loans for 'Economic Hardship'
10 June 08 04:50 PM
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Student Loan Girl
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1 Comments
Beginning next year, medical school residents will no longer be eligible to defer their federal student loans because of new criteria the government will use to determine “economic hardship,” according to an article in the American Medical News (“ New
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College May Be Stripped of Its Ability to Offer Some Federal Student Loans
29 May 08 01:36 PM
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Student Loan Girl
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The federal government is considering revoking a college’s ability to offer subsidized federal student loans — namely Perkins and Stafford loans — as allegations surface that the school, Technical Career Institute , has been paying off the loans of some
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Education Department to Pay Lenders Full Value for Student Loans
21 May 08 03:56 PM
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Student Loan Girl
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The U.S. Department of Education has released details of how much it will pay private lenders in the Federal Family Education Loan Program who sell their loans to the government instead of to capital-market investors, according to an article in The Wall
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President Bush Signs Legislation That Boosts Availability of Student Loans
08 May 08 09:15 AM
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Student Loan Girl
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0 Comments
On May 7, President George Bush signed into law legislation intended to help stabilize the $85-billion student loan industry and to avert a predicted shortage in student loans. The law will allow the U.S. Department of Education to buy bundled student
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More on Higher Education Accreditation
03 May 07 04:02 PM
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Student Loan Girl
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0 Comments
Yet another player has entered the arena in the discussion on who is going to be the responsible party when it comes to creating the standards and practices for accrediting higher education institutions. The Bush administration has appointed Anne D. Neal,
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