University of Wisconsin campuses would be barred from accepting payments from student loan companies in exchange for recommending them to borrowers under a proposal that will be considered for approval this week.
The policy aims to reassure the UW System’s students, who took out a record $592.7 million in loans last year, that campus administrators are [...]
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 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 [...]
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 [...]
The U.S. Education Department has proposed new rules to police the $85 billion student loan industry, it was reported Saturday.
An inspector general, Democratic lawmakers and even some loan-industry officials have criticized the Education Department for lax oversight of student loans.
Under new rules proposed Friday, universities would have to include at least three loan companies on [...]
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 [...]
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 [...]