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Financial Aid, News, Scholarships, Student Loans »

[17 Apr 2014 | No Comment | 4 views]

“Americans needing federally subsidized student loans for undergraduate or graduate programs at colleges and universities will pay a higher interest rate in the coming academic year, according to new projections from the Congressional Budget Office (CBO). And the cost of borrowing money to finance a college education will continue to rise in the coming years as a result of a bipartisan deal on Capitol Hill — despite President Barack Obama’s 2012 pledge to fight against raising the debt burden on graduates,” Al Jazeera America reports.

Financial Aid, News, Scholarships, Student Loans »

[17 Apr 2014 | No Comment | 0 views]

“A new study from a Washington, D.C.-based higher education association concludes that it’s misplaced for the federal college ratings plan, announced last year by President Barack Obama, to try to enhance consumer access and institutional accountability through one tool,” U.S. News and World Report‘s Morse Code reports.

Financial Aid, News, Scholarships, Student Loans »

[17 Apr 2014 | No Comment | 12 views]

“The Education Department, which has been roundly criticized by historically black colleges over changes in the underwriting criteria of its PLUS-loan program, is considering softening its standards for awarding the loans,” The Chronicle of HIgher Education reports. 

Financial Aid, News, Scholarships, Student Loans »

[17 Apr 2014 | No Comment | 7 views]

“The Federal Reserve Bank of Chicago is investigating Higher One, the leading issuer of campus debit cards, and one of its former bank partners for potentially engaging in unfair or deceptive practices,” Credit.com’s Blog reports.

Financial Aid, News, Scholarships, Student Loans »

[17 Apr 2014 | No Comment | 10 views]

“Washington has failed young Americans for too long. Millennials struck out with Congress and the White House, winning nothing but minor concessions as their financial and job fortunes continue to stagnate. Now they’re striking back,” Brad Chase of Capitol Media Partners writes in The Huffington Post‘s The Blog.

Financial Aid, News, Scholarships, Student Loans »

[17 Apr 2014 | No Comment | 1 views]

A new white paper, released Tuesday by American Student Assistance (ASA), calls for better data on the number of students negatively impacted by student loan debt, including data on delinquency and repayment struggles. The paper looks at current studies and data on student loan outcomes and finds “a growing body of economic evidence that education debt is having a broad effect, beyond just the individual borrowers and extending into our whole economy,” ASA President and CEO Paul Combe says.

Financial Aid, News, Scholarships, Student Loans »

[16 Apr 2014 | No Comment | 3 views]

“This week, the Congressional Budget Office projected that the federal government would earn roughly $127 billion from student lending during the next 10 years,” Slate‘s Moneybox reports.

Financial Aid, News, Scholarships, Student Loans »

[16 Apr 2014 | No Comment | 1 views]

“The White House on Wednesday rolled out two job-training grant programs that focus on the community college sector. Both push for closer ties between colleges and employers,” Inside Higher Ed reports.

 

Financial Aid, News, Scholarships, Student Loans »

[16 Apr 2014 | No Comment | 9 views]

“With total student loans exceeding $1 trillion, one must ask ‘is the tassel worth the financial hassle’ when it comes to spending for prestigious colleges,” Manisha Thakor, founder and chief executive of MoneyZen Wealth Management LLC, writes in a Wall Street Journal opinion piece.

Financial Aid, News, Scholarships, Student Loans »

[16 Apr 2014 | No Comment | 5 views]

“Beginning next month, the massive open online course provider Udacity will cut the first O from the acronym and only offer MOCs. Founder Sebastian Thrun … in a blog post announced Udacity will stop issuing free course completion certificates on May 16,” Inside Higher Ed reports.