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 [...]

Regent Education, the leading provider of financial aid management software solutions for higher education institutions, today announced the formation of a strategic alliance with College Loan Corporation. Regent and College Loan Corporation will offer financial aid management solutions that enable colleges and universities to maximize operational efficiencies and drive institutional performance outcomes.
As a top [...]

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 [...]

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 [...]

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 [...]

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 [...]

A U.S. Senate probe of the student loan business indicated the problem of gifts and payoffs to university officials is more pervasive than originally believed.
A report released by the Education Committee concluded the scandal isn’t limited to a few problem lenders and schools, The New York Times reported Friday.
To drum up favored status at [...]

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 [...]

One student loan company took university financial aid directors on a junket to Disney World. Another paid $500 to be placed on a school’s list of recommended lenders. And others showered tequila, wine and golf outings on college aid officers.
Those were among what Senate investigators called illegal enticements from loan companies to university officials to [...]