It’s graduation season and summer will soon be here. But it’s also an important time to plan for next semester’s bills. So this month’s Financial Aid News is here to help with:
• Information about how to compare private student loans
• Your chance to win a $10,000 scholarship
• Helpful advice for this year’s high school and college graduates
• New scholarship opportunities and more!
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"A 10 year court battle waged by Michael Hedlund, a graduate of Willamette Law School, to discharge his student loans has recently ended with a 9th U.S. Circuit Court of Appeals decision partially discharging his loans," U.S. News & World
“A bipartisan group of U.S. senators on Friday reintroduced legislation designed to pave the way for a standardized letter on student financial-aid awards to be used by all American colleges,” The Chronicle of Higher Education reports.
“San Francisco has come up with a simple yet radical idea: open college savings accounts for every single public school student in the city,” Neil Kleiman and Jonathan Bowles write in the New York Daily News.
“The U.S. Department of Justice has begun an investigation into ‘a possible agreement’ among colleges to reform their financial-aid policies, according to a letter sent last month to at least two college presidents,” The Chronicle of Higher Education?…
“Congressional leaders remain at loggerheads over how to avert a spike in student loan interest rates as the clock ticks to July 1, when rates will double from 3.4 percent to 6.8 percent for millions of students if no action is taken,” Talking Points …
“In a split-the-difference report that attempts to mollify everyone but is likely to please no one, a commission named by the National Association for College Admission Counseling, or NACAC, has recommended that the organization change its policies to …
“Senate Democrats are trying to pass a two-year extension of current law on student loan rates, but they have a problem: The Obama administration issued a proposal as part of its 2014 budget request that would change current law and is closer to a plan…
“On July 1, the interest rate on new Stafford subsidized federal college loans is scheduled to double. Rather than trying to maintain the current rate, Congress should take this opportunity to restructure student aid, directing more money toward those …
“A key GOP senator is calling on President Obama to work with Congress to move a student loan debt fix before rates increase on July 1st,” The Hill’s Blog Briefing Room reports.
“Plans for the second phase of the Bill & Melinda Gates Foundation’s “Reimagining Aid Design and Delivery” project are under way, according to a news release issued by a recipient of the foundation’s grants,” The Chronicle of HIgher Educat…
Over the past month, you may have heard about the impending subsidized student loan interest rate increase, as politicians frantically work to come to a consensus before July 1. Right now, subsidized student loans interest rates currently stand at 3.4%…