Gov. Arnold Schwarzenegger signed legislation Friday authorizing a $30-million emergency loan to keep the Compton Community College District afloat.
The bill, sponsored by Assemblyman Mervyn Dymally (D-Compton), also authorizes the El Camino Community College District to provide classes for Compton students if the Compton district loses its accreditation.
The college, under state control since 2004, is appealing [...]

College students and recent graduates with outstanding student loans have until Saturday to consolidate those debts before interest rates rise.
U.S. Rep. Tim Ryan of Niles, D-17th, was at Youngstown State University on Monday urging that those eligible to refinance their debt do so immediately.
Loans have been at variable rates that are reset every July, but [...]

In the last legislative session, lawmakers tried to bolster the state’s lagging student financial aid options with several bills, including one that pegged scholarships to a commitment to live in Idaho after graduation.
Another offered financial aid to students who reject alcohol and drugs. The only thing the proposals had in common: none passed.
Next year, the [...]

Midnight Friday is your deadline if you’re one of the millions of people with a student loan.
The latest government reports show the amount of student loan debt has sky rocketed to more than $50 billion. Now, students, parents and graduates have just a few days to save money.
Getting accepted to the college of your choice [...]

The state Senate approved a $30 million emergency loan Monday to keep the financially strapped Compton Community College District afloat.
Sen. Jack Scott, D-Pasadena, said the district would not be able to pay its employees after the end of this month without the state’s help.
“I’m not merely crying wolf,” he said.
The district has had financial problems [...]

College students have until Friday, June 30, to consolidate their education loans and lock in their variable-rate borrowings at a fixed rate, U.S. Rep. Tim Ryan, said Monday.
With the financial aid office at Youngstown State University as a backdrop, Ryan, D-17, urged reporters to get the word out to college students that if they fail [...]

College students with multiple government-backed loans may want to consider consolidating them before interest rates go up July 1, says Indiana State University’s director of student financial aid.
“I think there’s a good potential for savings right now,” said Tom Ratliff, ISU financial aid director.
Current interest rates “are very attractive,” he said.
Students will have to act [...]

Gwen Jones will in a few months begin repayment on $17,000 in college loan debt, so the e-mail, print and radio ads warning of a July 1 interest rate boost got her attention.
The 22-year-old Roanoke College graduate admits her father did most of her loan research in the past, but this time, the decision to [...]

Beginning next month, the two largest federal college-loan programs, Stafford and PLUS, will go from variable to fixed interest rates. Still, you should shop around for student loans.
Lenders can’t go higher than the fixed interest rate: 6.8 percent for Stafford and 8.5 percent for PLUS. However, they can go lower; many will, in the name [...]

College costs keep spiraling upward, and now the cost of borrowing to pay for higher education is about to spike, too.
Students and their parents have taken comfort in a half-decade of ultra-cheap college loans, loading up on debt to cover the bills. About 8 million people borrowed $60 billion this year in education loans issued [...]

As college costs spiral upward, the cost of borrowing to pay for higher education is about to spike, too.
Students and their parents have benefited from a half-decade of ultra-cheap college loans, loading up on debt to cover their bills. About 8 million people borrowed a total $60 billion this year in education loans issued or [...]

Students have until June 30 to consolidate loans
Clemson University sophomore John Masslon, like other college student across the nation, is hearing from lots of lenders about his student loan.
Lenders are hawking offers to consolidate student loans and lock in rates before rates go up July 1.
Consolidation can lower monthly loan payments and save thousands of [...]