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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

Princeton Review Exposes Thousands of Students’ Personal Info
19 August 08 04:24 PM | Student Loan Girl | 0 Comments   

For nearly two months, thousands of the The Princeton Review’s private files including folders containing the company’s and test-takers’ personal data were unintentionally made accessible to anyone with an Internet connection, according to an article Read More...

Filed under: collage loans, college, College Admissions, Florida elementary schools, Florida students, internet security, law school admissions, law schools, LSAT, LSAT practice tests, NextStudent, personal identification information, private student loans, PSAT, PSAT practice tests, SAT, SAT practice tests, SAT preparation, Sophos, standardized tests, student identity, student loans, test preparation, test preparation books, The New York Times, The Princeton Review, Virginia school systems, Virginia students

Kentucky Set to Buy $50 Million Bond So Students Can Get College Loans
18 August 08 03:57 PM | Student Loan Girl | 0 Comments   

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 Read More...

Filed under: $50 million bond, bond sale, bridge financing, bridge loan, cash-strapped lenders, college loans, Education Department, Ensuring Continued Access to Student Loans Act, financial aid, H.R. 5715, Kentucky Higher Education Assistance Authority, Kentucky Post, Kentucky students, Lexington Herald-Leader, Massachusetts, MEFA, NextStudent, private placement bond, state student loan agency, Steve Beshear, Student Loan People, student loans, U.S. Department of Education

Proposed Bailout for Massachusetts Student Loan Authority Uncertain
15 August 08 06:42 PM | Student Loan Girl | 0 Comments   

A third attempt to generate liquidity for the Massachusetts Educational Financing Authority may be too little too late for some 40,000 Massachusetts college students. With proposals from both the state’s governor and treasurer fizzling out, the student loan agency is attempting to raise funds from large investors through a new public bond offering — a deal that wouldn’t be finalized until September. Read More...

Filed under: bond issues, bond offerings, bonds, Boston Globe, college, college loans, credit crisis, credit crunch, Cyndi Roy, Deval Patrick, economic downturn, economy, financial aid, HESAA, Higher Education Student Assistance Authority, Massachusetts Educational Financing Authority, MEFA, NextStudent, paying for college, private student loans, student loan crisis, student loans, subprime mortgage crisis, subprime mortgage crisis fallout, Timothy Cahill, tuition

Kentucky Student Loan Provider Is Out of Money
13 August 08 02:08 PM | Student Loan Girl | 1 Comments   

The Kentucky Higher Education Assistance Authority, the state agency that provides college loans to students attending colleges and universities in Kentucky, will “effectively run out of money” Friday while it waits to receive a $50 million loan from Read More...

Filed under: bridge loans, college loans, colleges, Eastern Kentucky University, federal student loans, financial aid, funding shortage, James Ackinson, Kentucky, Kentucky Higher Education Assistance Authority, KHEAA, Lexington Herald-Leader, NextStudent, school vouchers, Shelley Park, student loan agency, student loan crisis, student loans, textbooks, The Student Loan People, tuition, universities

Number of Students Applying for Federal Financial Aid Goes Up Almost 20%
12 August 08 04:21 PM | Student Loan Girl | 0 Comments   

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 Read More...

Filed under: Center for the Study of Higher Education, college, college costs, College Tuition, credit crunch, Donald Heller, economic downturn, Education Department, elite institutions, FAFSA, federal grants, federal student loans, financial aid, financial aid administrators, food prices, Free Application for Federal Student Aid, gas, low income students, middle income students, NextStudent, paying for college, Pennsylvania State University, private student loans, recession, Richard Toomey, San Francisco Chronicle, Santa Clara University, student loan availability, student loans, tuition, U.S. Department of Education, U.S. News World Report

Connecticut College Denies Dorm Residency to 12-Year-Old Student
11 August 08 03:40 PM | Student Loan Girl | 0 Comments   

Although most children his age are entering the seventh grade this fall, 12-year-old Colin Carlson is getting ready to start his sophomore year of college — a feat that didn’t come easily for the gifted student who found that when it comes to whiz kids, Read More...

Filed under: Armando Bengochea, Colin Carlson, college loans, Connecticut College, discrimination, dorms, gifted students, NAGC, Nancy Green, National Association for Gifted Children, NextStudent, residence halls, Stanford University Online High School, student loans, University of Connecticut, whiz kids

Montana Senator: Give Tax Break to Companies That Pay Off Employees’ Student Loans
08 August 08 05:59 PM | Student Loan Girl | 0 Comments   

As an incentive for Montana students to remain in state, Roy Brown, a Montana state senator and candidate for governor, announced he would like to reward companies that repay their employees’ student loans with a tax break. Read More...

Filed under: Coal Severance Trust Fund, college, college loans, federal loans, federal student loans, financial aid, grants, Great Falls Tribune, higher education, incentives, Montana, Montana legislature, NextStudent, paying for college, private student loans, Roy Brown, student loans, Tax Breaks, tax incentives, tuition, tuition reimbursement

California Legislators Act to Block Administrators From Censoring College Publications
08 August 08 05:34 PM | Student Loan Girl | 0 Comments   

In a move that may soon further the free-speech rights of students writing for the state’s college newspapers, California legislators passed a bill on August 5 that would make it unlawful for school administrators to retaliate against college and high school journalism teachers trying to protect their students. Read More...

Filed under: Arnold Schwarzenegger, California, California Newspaper Publishers Association, Censorship, CNPA, college, college loans, Free Speech, freedom of speech, freedom of the press, journalism, legislation, Leland Yee, media, NextStudent, San Francisco Chronicle, student loans, University of California

Governor Asks Pension Board, State’s Colleges to Help Keep Massachusetts Student Loan Provider Afloat
07 August 08 01:46 PM | Student Loan Girl | 0 Comments   

A week after the cash-strapped Massachusetts Educational Financing Authority announced that its 40,000 borrowers would have to find a new private student loan provider , Massachusetts Gov. Deval Patrick has asked the Massachusetts pension fund to invest Read More...

Filed under: bonds, Boston College, college, college loans, credit markets, Deval Patrick, fall tuition, fallout, federal loans, federal student loans, financial aid, Harvard, Massachusetts Educational Financing Authority, Massachusetts governor, MEFA, MIT, NextStudent, paying for college, pension fund, private student loans, Robert Connolly, state pension board, student loans, subprime mortgage crisis, The Boston Globe, Timothy Cahill, tuition, University of Massachusetts

Governor Launches Website to Help Massachusetts Families Find Student Loans
07 August 08 04:32 AM | Student Loan Girl | 0 Comments   

Massachusetts Gov. Deval Patrick has set up a financial assistance website to help the 40,000 families who were previously served by the Massachusetts Educational Financing Authority to find a new student loan provider for the 2008–09 academic year, following Read More...

Filed under: bond sale, bonds, Boston College, college, college loan, college loans, credit crisis, credit crunch, Deval Patrick, economic downturn, economy, federal loans, federal student loans, financial aid, Gov Patrick, Harvard, Massachusetts, Massachusetts Educational Financing Authority, MEFA, MIT, NextStudent, paying for college, student loan crisis, student loans, subprime mortgage crisis, subprime mortgage crisis fallout, tuition, University of Massachusetts

Community Banks May Be an Option for Families Looking to Weather Student Loan Crunch
06 August 08 06:17 PM | Student Loan Girl | 0 Comments   

Although the turmoil in the nation’s credit markets has forced student loan providers, including some big banks, to stop offering federal and private student loans, these lenders’ financial troubles may provide the opening community banks need to get Read More...

Filed under: A Role for Community Banks in Student Loan Crunch, aid, college, College Financial Aid, community banks, credit crisis, credit crunch, Douglas Stebbins, financial aid, local banks, NextStudent, student loan, student loan credit crunch, student loans, tuition

Wachovia Suspends Its Undergraduate Private Student Loan Program
06 August 08 05:41 PM | Student Loan Girl | 0 Comments   

After posting an $8.9 billion second-quarter loss in July, Wachovia Corp. announced on Tuesday that, effective August 5, it would stop accepting applications for undergraduate private student loans. Read More...

Filed under: CNN, college, college loans, federal loans, federal student loans, financial aid, Inside Higher Ed, NextStudent, paying for college, private loans, private student loans, student loan availability, student loan credit market, student loan crisis, student loans, tuition, Wachovia

Education Department at Fault for Low Participation in Grant Programs, Audit Shows
04 August 08 05:58 PM | Student Loan Girl | 0 Comments   

In an audit of the Department of Education , the department’s own inspector general blames the lack of participation in the government’s Academic Competitiveness and National Smart Grant programs on his department’s failure to effectively promote the Read More...

Filed under: Academic Competitiveness Grants, college loans, Department of Education, Education Department, Education Department inspector general, education secretary, federal financial aid, financial aid, Low-Income Students, Margaret Spellings, National Smart Grant, NextStudent, Pell Grant, student loans

Sex Offenders May Lose Pell Grant Eligibility Under Revised Higher Education Act
04 August 08 04:49 PM | Student Loan Girl | 0 Comments   

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 Read More...

Filed under: American Civil Liberties Union, AP, Associated Press, college loans, Congress, financial aid, grant aid, higher education, Michael Macleod-Ball, NextStudent, Pell Grants, President Bush, Ric Keller, sex offenders, Stephanie Babyak, student loans, U.S. Department of Education