Charles Schumer learned about the misleading nature of college loans the hard way.
With his youngest daughter heading off to college and the older one entering law school, the U.S. senator knew he needed to look into loans.
“I tried to go through the process with her,” he said. “It’s totally confusing.”
Specifically, it was difficult to tell [...]

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 [...]

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 [...]

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 [...]

Combine the rising costs with increased pressure on schools to offer the most accurate and complete loan option information to families and/or students, and it is no surprise that Senator Ted Kennedy’s Student Loan Sunshine Act, a bill that - if passed - will require all higher education institutions that accept federal funds to publicly [...]

Ready to pass a cut in student loan interest rates, House members on Wednesday clashed over education priorities — helping college graduates pay off debts or expanding federal grants for low-income students.
Democrats were pushing the interest rate bill through without amendments, eager to check off one more accomplishment in their list of early legislative goals. [...]

One of the big promises made by Democrats when campaigning for Congress was to cut interest rates in half for student loans.
The Democratic plan for college tuition would lower interest rates on federally subsidized college loans from 6.8% to 3.4%, but can it be done?
At Indiana State University, 70% of students receive some type of [...]

For the past five years, the Vermont Teacher Diversity Scholarship Program has brought highly qualified teachers of diverse racial and ethnic backgrounds into the state’s public schools.
After matriculating at Vermont colleges, obtaining all the necessary licenses for teaching and then committing to teaching in the public school system for one to three years, the scholars [...]

COLLEGE COSTS can be daunting. A year at the University of Massachusetts-Amherst costs Massachusetts residents more than $17,000. A year at a private college can run more than $45,000. At those prices, some students fall into a tuition gap. Even with financial aid, they do not have enough money to pay all their college bills, [...]

Democrats say they are putting education reform at the top of their to-do list as they prepare to take control of Congress.
They have not, however, spelled out what the math will look like.
Democrats say they will slash interest rates on need-based college loans in half — from 6.8 percent to 3.4 percent.
“That will be done [...]

The Arizona Department of Commerce also was asked Wednesday to determine whether the procedure followed by Gov. Janet Napolitano in making the designation is the best approach for the state.
The Commerce Department reports to the governor.
The request from Darcy Renfro, Napolitano’s policy adviser on higher education and economic development, comes in response to a story [...]

Gov. Janet Napolitano’s office has asked for a review to determine whether the nonprofit company designated as Arizona’s college loan authority improperly did business with for-profit corporations owned by one of its directors.
The Arizona Department of Commerce also was asked Wednesday to determine whether the procedure followed by Napolitano in making the designation is the [...]