ITT Educational Services, Inc. (NYSE: ESI - News), a leading provider of technology-oriented postsecondary degree programs, announced today that it has arranged for Bank of America, Chase Education Finance and Citibank, The Student Loan Corporation to provide federal and private education loans to qualified ITT Technical Institute students and their parents for the remainder of [...]

With college costs continuing to rise, parents and students are increasingly turning to private lenders to cover the cost of tuition.
From 1995 to 2006, the amount of money borrowed from private lenders to pay for college rose from $1.3 billion to $17.3 billion, according to MSN Money columnist Liz Pulliam Weston. Why should this concern [...]

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 [...]

College students will be able to borrow more from Uncle Sam and pay less in fees to lenders under a federal law that takes effect this week.
It will be the first time that the annual limits on federal Stafford Loans have increased since 1992. Over the same time period, tuition rates have more than doubled.
The [...]

A federal law that takes effect this week spells more money in the pockets of college undergraduates who borrow from Uncle Sam.
The new law changes the annual Stafford loan limits for students who qualify for financial aid. The change provides an additional $875 per year for freshmen and $1,000 per year for sophomores. The $5,500 [...]

Attorney General Charles C. Foti, Jr., joined by 31 Attorneys General, urged the U.S. Senate to enact The Student Loan Sunshine Act, a new federal law to safeguard students and families nationwide from deceptive practices in the college loan industry.
The House of Representatives recently passed this legislation in a virtually unanimous vote of 414-3.
In a [...]

The engrossed budget proposal the state House of Representatives released at the end of March includes $8 million for college financial aid, an increase of $3 million from the previous school year.
It still didn’t meet the $13.4 million requested by Gov. Janet Napolitano and the Arizona Board of Regents.
“Our goal was to make sure that [...]

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 [...]

Students planning to attend Texas A&M International University in the fall should apply for financial aid before August to take advantage of the maximum range of financial assistance available, an administrator said.Laura Elizondo, director of financial aid, said TAMIU awarded more than $27 million in financial aid last year. She said students should apply before [...]

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 [...]

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 [...]

If you plan to graduate from college this spring, your mailbox may soon be filled with congratulatory cards from family friends, checks from distant relatives and reminders from your alma mater that your diploma will be rescinded unless you pay your overdue parking tickets. But if you borrowed to pay for college, much of your [...]