Student Loan Blog

Nonprofit Wyoming Student Loan Corp., the state’s largest student loan lender, has announced that, as of April 1, 2010, it will no longer be issuing any new parent or student loans. In a statement from president and CEO Phil Van Horn, the company, also known as WyoLoan, said that it will continue to fund any student loans that are already ...

Alta Colleges, operating 17 campuses in six states, recently settled a lawsuit involving student-aid fraud allegations and has agreed to pay the federal government $7 million, The Chronicle of Higher Education reports (“Proprietary College to Pay $7-Million to Settle Federal Student-Aid Charges,” April 20, 2009). Unnamed ...

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 — tuition hikes, state budget ...

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 Associated Press (“College Financial Aid System Facing Stiff Test,” Jan. 25, ...

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 withdraw from the school, according to The Chronicle of Higher Education (“Lawsuit ...

Under new federal legislation, many students at for-profit institutions have seen the amount of their Pell and federal student loan awards increase and a larger number these students have been able to cover all their college costs with just these two types of federal financial aid, according to an article in The Chronicle of ...

According to the April 23, 2007 article by Paul Basken, titled “New Rules Are Designed to Streamline Flow of Federal Student Aid to Colleges and Students” that appeared in The Chronicle of Higher Education:                       ...

The raging debate across the nation is college affordability/access and the escalating cost of attending college. With many bills pending approval and yet to become law, the U.S. population is becoming more educated regarding college aid legislation and what actually could happen if these bills become law. ...

According to a Jan. 29, 2007 article titled “U.S. Accreditation Official Out of a Job” written by Doug Lederman that appeared in Inside Higher Ed, John W. Barth, the director of accreditation and state liaison at the Department of Education, has transferred to a position at the Federal Student Aid Ombudsman’s office. The article said, “The ...

According to an article titled “Texas Democrat Will Lead U.S. House’s Higher-Education Panel,” written by Kelly Field that appeared in the Jan. 19, 2006 edition of The Chronicle of Higher Education, “one of the chief Congressional champions of higher-education programs for Hispanic Americans,” U.S. Rep. Ruben E. Hinojosa, D-Texas, “will head the ...