Posts tagged with ‘Loans

Student loan rate, financial aid up slightly

July 3rd, 2007

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 [...]

College loan volume up, students graduate into debt

July 3rd, 2007

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 [...]

Albany college gets grant for financial course

June 28th, 2007

Maria College has received a $7,500 grant from the New York State Higher Education Services Corp. to implement an online course to teach students about their finances.
The course is designed to educate students at the Albany, N.Y., college, and others, about student loans and repayment practices, as well as to equip them with practical financial [...]

Student Loan Industry Struggles Amid Controversy

June 27th, 2007

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 [...]

TAMIU urges students to apply for fall financial aid

June 27th, 2007

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 [...]

Coushatta woman, others sentenced in college loan fraud scheme

June 27th, 2007

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 [...]

College loan volume up, students graduate into debt

June 27th, 2007

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 [...]

College-Loan Ploys Probed

June 25th, 2007

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 [...]

Student loan debt can burden borrowers

June 24th, 2007

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 [...]

Students warned about college loans

June 15th, 2007

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 [...]