Student Loan Blog

Although the swine flu virus (H1N1) hasn’t hit most U.S. college campuses, college health officials are starting to take precautions, including cancelling study abroad programs in Mexico, The Chronicle of Higher Education reports (“Swine Flu Prompts More Colleges to Cancel Study-Abroad Programs in Mexico,” April 28, ...

MyRichUncle, the student loan company that “caustically ridiculed the financial ties between colleges and student loan companies” has filed for Chapter 7 bankruptcy, The Chronicle of Higher Education reports (“Student-Loan Industry’s Caustic Rebel Now Cries Uncle,” Feb. 9, 2009). Unable to secure funding to issue new student loans and unable ...

The University of California school system paid out more than $33 million last month to nearly 35,000 former students after losing a class-action lawsuit over a fee dispute, The Chronicle of Higher Education reports (“U. of California Pays $33-Million to Settle Former Students’ Lawsuit Over Tuition,” Jan. 6, 2009). A state judge determined ...

While numerous nonprofit colleges have halted construction and are undergoing hiring freezes and other cutbacks due to the declining economy, for-profit colleges are seeing higher enrollment numbers and higher profit margins (“Economic Downturn Is a Boon for For- Profit Colleges,” The Chronicle of Higher Education, Dec. 10, ...

With 39 states anticipating budget shortfalls next year totaling more than $100 billion, colleges are urging Congress to include them in a second economic stimulus bill currently being drafted, The Chronicle of Higher Education reports (“As the Economic Crisis Hits Home, Colleges Seek Help From Congress,” Nov. 13, 2008). Hard hit by ...

The education benefits of the new GI Bill — which will provide eligible veterans of the wars in Afghanistan and Iraq with four years of college funding — will be processed in-house by the Department of Veterans Affairs and not outsourced to a private contractor as originally planned, reports The Chronicle of Higher Education (“Veterans Affairs ...

Despite 1,500 individuals and a dozen national organizations pushing for further changes to legislative provisions that help low-income college students repay their student loans, the Education Department recently issued the provisions’ final regulations without first making modifications to problematic language (“Low-Income Student ...

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 from nonfederal sources in order to participate in the federal student-aid ...

Legislation that went into effect in October with the College Cost Reduction and Access Act cut federal subsidies to for-profit student loan lenders partly in an attempt to give nonprofit lenders a more competitive edge in the student loan market.But as lenders continue to scale back or suspend their student loan programs amid a troubled economy ...

Sen. Charles Grassley, ranking member of the Senate Finance Committee, wants colleges to be held more accountable in both their academic research and their endowment spending, according to a recent article in The Chronicle of Higher Education (“Sen. Grassley Pressures Universities on Science Conflicts and Financial Aid,” July 25, 2008).In an ...