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Technical College May Lose Ability to Offer Federal Financial Aid For Violating Newly-Relaxed Aid Rule
20 August 08 01:05 PM | Student Loan Girl | 0 Comments   

Star Technical Institute , a technical college in New Jersey, may not be able to offer federal financial aid to students at two of its seven campuses for allegedly violating a federal law that requires colleges to obtain 10 percent or more of their revenues Read More...

Filed under: 90-10 Rule, Chronicle of Higher Education, college financial aid, college loans, College Opportunity and Affordability Act of 2008, college tuition hike, Department of Education, federal student loans, financial aid, H.R. 4137, Karen Manin, NextStudent, Paul Basken, paying for college, Stafford student loans, Star Technical Institute, student loans

Nonprofit Lenders Hurt by Legislation Intended to Help Them
01 August 08 06:53 PM | Student Loan Girl | 0 Comments   

As lenders continue to scale back or suspend their student loan programs amid a troubled economy and now-unprofitable federal education loans, newer legislation designed to help struggling lenders — nonprofit student loan providers in particular — may be doing more harm than good. Read More...

Filed under: Chronicle of Higher Education, College Cost Reduction and Access Act, college loans, credit crisis, Department of Educaiton, Education Finance Council, EFC, Ensuring Continued Access to Student Loans Act, federal student loans, financial aid, Interest Rates, National Council of Higher Education Loan Programs, NCHELP, NextStudent, Paul Basken, Peter Warren, Shelly Repp, Stafford Loans, student loan availability, student loans, subprime mortgage crisis

Davidson College Sees Positive Results After Eliminating Student Loans
09 July 08 08:44 PM | Student Loan Girl | 0 Comments   

Princeton was the first university to completely eliminate student loans from its financial aid packages in 2001, and Harvard’s announcement to follow in Princeton’s footsteps this fall garnered national media attention as no-loan financial aid policies began to turn up across the Ivy League and at other elite schools nationwide. But it’s small, selective, liberal arts Davidson College in North Carolina that’s already seeing results after getting a head start over the rest of the Ivies by doing away with student loans last year. Read More...

Filed under: Amherst, Christopher Gruber, Chronicle of Higher Education, college, college loans, Columbia University, Dartmouth, Davidson College, debt, federal student loans, financial aid, Harvard, higher education, Jonathan Epstein, loan caps, Maguire Associates, NextStudent, North Carolina, Princeton, private student loans, Stanford, student loan debt, student loans, Swarthmore, tuition, Yale