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 [...]

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 [...]

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 [...]

Interest rates on federally backed loans for college students are set to edge higher on July 1, a student lender said Tuesday.
Based on the results of a Treasury Department bill auction, the in-school rate on the federal Stafford loan will rise by 0.08 percentage point from 6.54 percent to 6.62 percent, according to College Loan [...]

Interest rates on federally backed loans for college students are set to edge higher on July 1, a student lender said yesterday.
Based on the results of a Treasury Department bill auction, the in-school rate on the federal Stafford loan will rise by 0.08 percentage point from 6.54 percent to 6.62 percent, according to College Loan [...]

Both Gloucester County College and Rowan University missed the deadline to reply to the state Attorney General’s subpoena as part of a statewide investigation into improper partnerships with colleges and student loan companies.
Only 32 of the 61 subpoenaed colleges subpoenaed responded by the May 20 deadline, according to Attorney General’s Office spokesman David Wald.
The [...]

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 [...]

Columbia University will pay $1.1 million into an education fund and a national financial aid organization will crack down on gifts from lenders as part of state Attorney General Andrew Cuomo’s effort to reform the student loan industry, Cuomo said Thursday.
Under the agreement, both Columbia and the National Association of Student Financial Aid Administrators will [...]

If they haven’t already, millions of seniors graduating from high school will turn their attention over the next few weeks to paying for college.
Scholarships and grants — which don’t have to be paid back — are the best option, of course. But not everyone has the academic record for merit aid, or a great jump [...]

As college graduation season comes to a close, the newly anointed degree holders finally have to face a new reality — life with hefty education debt.
There is plenty to be done before the debt starts to come due — in about six months for most — but graduates will need to act fast and think [...]

Northern Marianas College may now get a loan for its campus renovation plans.
The governor signed House Bill 15-222 on Thursday immediately after his return from a Japan trip.
Now Public Law 15-58, the measure grants NMC legislative authorization to enter into a commercial loan agreement for $250,000 and to secure the loan with its cash deposits.
The [...]

Sallie Mae, the nation’s leading saving- and paying-for-college company, awarded $25,000 to 11-year-old Gracie Maddox on “Dr. Phil” to help pay for her college education. The presentation is part of Sallie Mae’s ongoing awareness campaign to remind students and families that college is possible. Dr. Phil McGraw presented the award to Gracie on behalf of [...]