Archive for June, 2007

College loan volume up, students graduate into debt

Despite a growing number of options to finance a college education, students and parents are increasingly turning to loans.
Not only are students borrowing more money, but more of them are borrowing, according to data compiled by Nebraska’s Coordinating Commission for Postsecondary Education.
The news doesn’t sit well with Carna Pfeil, the commission’s associate director, who is [...]

Wednesday, June 6th, 2007

Wis. rules would ban campus payments from student loan companies

University of Wisconsin campuses would be barred from accepting payments from student loan companies in exchange for recommending them to borrowers under a proposal that will be considered for approval this week.
The policy aims to reassure the UW System’s students, who took out a record $592.7 million in loans last year, that campus administrators are [...]

Wednesday, June 6th, 2007

Ontario universities enter new scholarship era

The race for the brawniest and brainiest is on.
Ontario universities — the University of Waterloo and Wilfrid Laurier among them — are breaking new ground in their efforts to attract top-rated student athletes. Come September, for the first time ever, they will offer athletic scholarships of up to $3,500 to qualified freshmen.
Currently, such scholarships are [...]

Wednesday, June 6th, 2007

College loans: Financial aid group agrees to reform

In the most unified effort yet by colleges to reform student-loan practices, the national trade group for financial aid officers has agreed to a far-reaching code of conduct that encourages school officials to reject cash and gifts from lenders.
Also Thursday, Columbia University agreed to abide by a similar code of conduct and to pay more [...]

Sunday, June 3rd, 2007

Proposed student loan rules restrict marketing practices

The federal Education Department, criticized for lax oversight of student loans, released proposed rules on Friday that would set new standards for universities and ban lenders’ marketing practices that have resulted, in some cases, in loan company payoffs to university officials.
The 225-page package of rules represents a change in direction by the department, which for [...]

Sunday, June 3rd, 2007

U.S. Student Loan Office Gets New Rules and a New Chief

The Bush administration, fending off criticism that it has failed to provide adequate oversight to the student loan industry, proposed regulations yesterday that would prohibit lenders from showering universities with gifts to drum up business.
The rules, announced by the Education Department, amount to the administration’s strongest response so far to a nationwide investigation of the [...]

Sunday, June 3rd, 2007

Student loan regulations proposed

The federal Education Department, criticized for lax oversight of student loans, released proposed rules on Friday that would set new standards for universities and ban lenders’ marketing practices that have resulted, in some cases, in loan company payoffs to university officials.
The 225-page package of rules represents a change in direction by the department, which for [...]

Sunday, June 3rd, 2007

Student loan program to be revamped

The U.S. Education Department has proposed new rules to police the $85 billion student loan industry, it was reported Saturday.
An inspector general, Democratic lawmakers and even some loan-industry officials have criticized the Education Department for lax oversight of student loans.
Under new rules proposed Friday, universities would have to include at least three loan companies on [...]

Sunday, June 3rd, 2007

Paul Newman gives $10 million to Ohio college for scholarship fund

Paul Newman is donating $10 million to a central Ohio college to help start a scholarship fund.
The 82-year-old actor graduated from Kenyon College, a private liberal arts school, in 1949 with a degree in drama and economics.
A spokesman for the college says Newman’s donation will fund partial and full scholarships for 15 to 20 students [...]

Sunday, June 3rd, 2007

Rotary seeks candidates for Ambassadorial Scholarship

Rotary District 5190 is looking for candidates to award a one one-year Ambassadorial Scholarship for $26,000.
The Ambassadorial Scholarship is a program of the Rotary Foundation. The purpose of the scholarship is to support the mission of the foundation to further international understanding and world peace.
Eligibility: Applicants must have at least two years of university or [...]

Sunday, June 3rd, 2007

Golden Hill PTA creates Diane Leo scholarship

The Golden Hill Parent Teacher Association is pleased to announce the formation of “The Diane Leo Honorary Scholarship for Teaching.” This scholarship will be presented annually beginning this June to a graduating senior at S. S. Seward Institute interested in pursuing a degree in teaching.
This scholarship has been created to honor local legacy Mrs. Diane [...]

Sunday, June 3rd, 2007

Scholarship opportunity for Lakeland health care practitioners

Money from an anonymous donor in Lakeland is funding a full scholarship for a fellowship in integrative medicine to be granted to a physician serving socio-economically disadvantaged patients in the area.
The dollar amount of the donation to the University of Arizona Program in Integrative Medicine wasn’t disclosed. It will fund the Brenda Craft Service [...]

Saturday, June 2nd, 2007