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‘Gap Loans’ at For-Profit Colleges Escape Proposed Legislation
27 October 09 12:47 PM | Student Loan Girl | 0 Comments   

While acting last Thursday to approve the creation of a Consumer Financial Protection Agency, which will expand federal oversight of private student loans, a Congressional panel at the same time voted to reject a proposal that would have included school-sponsored “gap loans” under the authority of the new CFPA. Read More...

Filed under: Barney Frank, Career Education Corporation, college loans, Consumer Financial Protection Agency, Consumer Financial Protection Agency Act, Corinthian Colleges, Deanne Loonin, Education Sector, federal student loans, FinAid, FinAid.org, financial aid, for-profit colleges, gap financing, gap funding, gap loans, H.R. 3126, H.R. 4137, Higher Education Act, Higher Education Act Reauthorization, Higher Education Opportunity Act, Institute for College Access and Success, ITT Tech, Jeff Silber, Justin Pope, Lauren Asher, Mark Kantrowitz, Maxine Waters, National Consumer Law Center, NextStudent, private student loans, proprietary colleges, student loan defaults, student loan lawsuits, Student Loan Legislation, student loans, TICAS, TILA, Truth in Lending Act, Westwood Colleges

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

Unfinished Business: Congress May Break Before Higher-Ed Bills Reviewed
03 July 08 04:08 PM | Student Loan Girl | 0 Comments   

While Congress is heading home for its annual Fourth of July recess, there are still many higher-education bills and pieces of legislation that need to be addressed before they break, according to an article in The Chronicle of Higher Education (“ Higher- Read More...

Filed under: college, college loans, Department of Education, financial aid, Higher Education Act, National Institutes of Health, NextStudent, Pell Grant Increase, student financial aid, student loans, The Chronicle of Higher Education, tuition

In Fight to Lower Tuition, Small Universities May Be Harmed
25 June 08 03:43 PM | Student Loan Girl | 0 Comments   

Some small U.S. colleges and universities are concerned that they may be the target of a new bill that would force schools with multi -billion dollar endowments, like Harvard , to reduce their tuition costs, and place other high-tuition institutions without Read More...

Filed under: Bard College, Bates College, Buck McKeon, college, college loans, college wall of shame, college watch list, Department of Education, Edward Kennedy, financial aid, Harvard, Higher Education Act, Loans, NextStudent, Oliver Staley, reauthorized Higher Education Act, Rep. Buck McKeon, Sen. Edward Kennedy, skyrocketing tuition, student loans, tuition, wall of shame

Higher Education Act Likely to Hold Colleges More Accountable for their Spending
12 June 08 10:53 AM | Student Loan Girl | 0 Comments   

Once Congress negotiates the latest reauthorization terms of the Higher Education Act, colleges will likely be required to report to the federal government on at least 300 new topics including tuition increases, transfer-of-credit policies, and file sharing, Read More...

Filed under: Association for Institutional Research, college affordability, college loans, college spending, Council for Higher Education Accreditation, Higher Education Act, Judith Eaton, NextStudent, student loans, The Chronicle of Higher Education

New Senator at the Helm of Higher Education Act Negotiations
03 June 08 04:13 PM | Student Loan Girl | 0 Comments   

Sen. Barbara Mikulski , D-Md., will “pinch hit” for Sen. Edward Kennedy , D-Mass. — the chairman of the Senate Committee on Health, Education, Labor and Pensions who is recovering from surgery to treat a malignant brain tumor — in Senate and House negotiations Read More...

Filed under: Barbara Mikulski, brain cancer, brain tumor, chemotherapy, college, College Accreditation, college loans, college piracy, College watch lists, CQ Politics, education benefits, Edward Kennedy, glioma, graduate school, Higher Education Act, House of Representatives, HR 4137, Labor and Pensions, NextStudent, private student loans, radiation, S 1642, Senate, Senate Committee on Health, Senator Barbara Mikulski, Senator Edward Kennedy, student loan availability, student loans