A Coushatta woman who got student aid and loans for which she wasn’t qualified and filled in forms so others could, too, must spend nearly 3 years in prison and repay $30,500, and two relatives will serve lesser sentences.
U.S. District Judge Dee D. Drell sentenced Anita Morris, 35, to 2 years and 9 months in […]
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 […]
Attorney General Richard Blumenthal said Thursday he has found problems with student loan practices at specific schools in his investigation with federal education officials into possible corruption in the student loan industry.
Blumenthal is conducting his investigation with the U.S. Department of Education’s Office of Inspector General. He declined to detail his findings, but said he […]
You’ve got the college degree, and now you’re stressed about the debt.
“Even if your student loans exceed your annual salary — which is, unfortunately, a common phenomenon these days — you can knock down those debts and start to regain control of your financial life,” Lynnette Khalfani writes in her new book, “Zero Debt for […]
The state attorney general and his staff are visiting high schools to clue students in to new efforts to protect them from unscrupulous college loan practices, and Nottingham’s turn came Wednesday.
Leslie Leach, executive deputy attorney general for state counsel, handed out copies of a new Student Bill of Rights to 20 or so students who […]
Johns Hopkins University has agreed to pay $1.125 million to settle a probe of its student loan practices, the New York attorney general said Thursday.
The settlement is the latest in a nationwide probe of conflicts of interest in the $85 billion student loan industry. Twenty-six schools and seven lenders, including Sallie Mae , JPMorgan Chase […]
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 […]
U.S. Sen. Charles Schumer on Wednesday unveiled a plan to make college loan applications easier to understand, arguing that high school students and their parents sometimes sign deceptive loan applications.
Schumer’s proposal, modeled after the “Schumer Box†now required on credit card applications, would require lenders to detail loan amounts, range of interest rates and any […]
New York Attorney General Andrew Cuomo urged Congress to step up supervision of private education lending and said he is widening his investigation of the $85 billion-a-year industry to examine loan criteria.
Private lending is more subject to abuse because it isn’t covered by anti kickback rules in government loan programs, Cuomo told the Senate’s banking […]
Many college graduates are taking in a breath of fresh air this month after graduation, knowing that they no longer have to study for exams, give presentations or write papers. However, reality sinks in when grads think about paying back the student loan debt they have acquired. The median student loan debt for young adults […]
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 […]
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 […]