Student Loans

Department of Ed Defense Won't Win Championships

April 30, 2007 - 8:00pm

After months of reform-oriented, positive action involving the student loan industry, the U.S. Department of Education has started to backpedal. What was an organization taking proactive stances on student loan reform has now become a reactionary operation. Sure, there were a few reasons in recent weeks for…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Roundup: Week of April 23 - April 27

April 26, 2007 - 8:00pm

Debt-Free in N.C.

North Carolina Governor Mike Easley proposed a plan this week that would allow low-income students in North Carolina to graduate from college debt-free. The plan, called Educational Access Rewards North Carolina Scholars Program, would…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Asleep at the Switch

April 24, 2007 - 8:00pm

The Bush administration officials in charge of the U.S. Education Department have been "asleep at the switch" as widespread abuses have occurred in the federal and private student loan programs that have left hundreds of thousands of students vulnerable to predatory lenders, New York State Attorney General Andrew…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

When Banks Compete, Students and Taxpayers Win.

April 23, 2007 - 8:00pm

Colleges and college aid officials have been funneling their students to big banks like Sallie Mae and Citibank in exchange for cash, gifts and in-kind benefits, according to a series of recent public investigations, the most energetic of which is being led by New York State Attorney General Andrew Cuomo.

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Roundup: Week of April 16 - April 20

April 19, 2007 - 8:00pm

Miller Calls on Spellings to Take Emergency Action on Student Loan Regulations

Representative George Miller (D-CA) sent a letter to Education Secretary Margaret Spellings on Wednesday urging her to implement five student loan "emergency action items." He…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Banks Double Student Loan Volume by Infiltrating Financial Aid Packaging Business

April 18, 2007 - 8:00pm

Student loan companies are reshaping college financial aid packages to create bigger debt loads for the neediest students. Higher Ed Watch has learned that officials at student loan giant Nelnet recently revealed to Wall Street analysts that "loan volumes have doubled at schools where Nelnet has provided college planning services." Doubled. Think about that.

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Sallie Mae Strikes It (Even) Rich(er)

April 16, 2007 - 8:00pm

For a company allegedly "under siege," Sallie Mae has made out like a bandit. Last week, the company reached a settlement with New York State Attorney General Andrew Cuomo agreeing to pay a $2 million fine-pocket change to the loan giant, whose CEO made $19.5 million last year. It…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

NASFAA Under the Microscope

April 11, 2007 - 8:00pm

In March, Dallas Martin, President of the National Association of Student Financial Aid Administrators (NASFAA), sent a scathing letter to New York State Attorney General Andrew Cuomo demanding "a prompt and public apology" for his "unwarranted character assassination of public servants who only want to do what is best…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Roundup: Week of April 2 - April 6

April 5, 2007 - 8:00pm

Financial Aid Directors & Education Dept Official Placed on Administrative Leave

All three financial aid directors under investigation regarding student loan company stock ownership, as identified by the New America Foundation, have been placed…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Let the Sunshine In

April 3, 2007 - 8:00pm

New York State Attorney General Andrew Cuomo cut a deal this week with Citibank and five colleges regarding his investigation of student loan industry practices. Citibank will contribute $2 million to an education fund for student loan borrowers and families. Fordham, NYU, St. John's, Syracuse, and the University…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

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