direct student loan program

Prepare for college, too, parents told

Three professionals who work in the fields of finance or education tried to better prepare parents on what to expect to pay for college at the “ Paying for College Without Going Broke” seminar Tuesday evening at the Fayetteville Public Library.
Anne Butt, a Fayetteville High School college and career advisor, Bryan Hembree, director of academic [...]

Wednesday, November 7th, 2007

College funds for foster children mostly unused

Stacy Maciuk, a 24-year-old who went through Tennessee’s foster care system, lobbied the state’s General Assembly as a college student in support of a foster child tuition grant program.
The Nashville resident said her argument to lawmakers was simple: Invest in these youths now or pay for them later to be in prison, on welfare or [...]

Tuesday, September 4th, 2007

House OKs Pell grant increase, lower college-loan interest rates

The House on Wednesday approved far-reaching changes in student aid programs, voting to slash $19 billion in federal subsidies to student lenders over five years, while increasing grants for needy students and halving interest rates on federally backed loans with the savings.
The bill passed 273-149, in a sometimes-raucous debate, with 47 Republicans joining Democrats, who [...]

Friday, July 13th, 2007

UWSP student financial aid grant’s future in jeopardy

About 500 low-income students at the University of Wisconsin-Stevens Point may be unable to attend classes this fall because of the uncertainty of a state financial aid program.
The Higher Education Aids Board has imposed a waiting list for applicants to the Wisconsin Higher Education Grant program, which last year awarded about $3.3 million to 1,923 [...]

Saturday, July 7th, 2007

2Futuro Announces $2,000 in Scholarship Awards

2Futuro is pleased to announce the awards of two scholarships of $1,000 each to Mayra Alvarez, a student at California State University, Los Angeles, and Jason Gates, a student at the University of Oklahoma Health Sciences Center in Oklahoma City. They are the first recipients of scholarships awarded through random monthly drawings that 2Futuro conducts [...]

Saturday, July 7th, 2007

Student Loan Industry Struggles Amid Controversy

A bill before Congress would cut billions in federal subsidies for the student loan industry and increase the amount of money available for needy students – with funding coming from the pockets of lenders. The industry is under assault after reports of unethical financial relationships between universities and private lenders.
Loan industry defenders say the [...]

Wednesday, June 27th, 2007

Hopkins to spend $1M over student loan scandal

Although it denies violating New York laws on student loan practices, Johns Hopkins University will donate more than $1 million nationally and locally to absolve itself in a national investigation.
In April, New York Attorney General Andrew Cuomo launched an investigation into student loan practices at Johns Hopkins University focusing on Ellen Frishberg, a director [...]

Friday, June 15th, 2007

Johns Hopkins to settle student-loan probe

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 [...]

Friday, June 15th, 2007

Sallie Mae Executive Testifies Before Senate Banking Committee on Private Loans and College Affordability

Sallie Mae Senior Vice President Barry Goulding today testified at the Senate Banking Committee hearing, ‘Paying for College: The Role of Private Student Lending’ to demonstrate how Sallie Mae serves students and parents in the private education loan market.
Goulding emphasized Sallie Mae’s ‘1-2-3 approach’ to paying for college: 1) after tapping personal financial resources such [...]

Friday, June 8th, 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

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

Legislation would increase funding for study abroad

The Senator Paul Simon Study Abroad Foundation Act, a bill that would increase and diversify student participation in study abroad programs, is expected to reach the floor of the United States House of Representatives within the next few weeks.
The bill would appropriate $80 million for grants used to provide opportunities to students for study abroad [...]

Saturday, June 2nd, 2007