Economic Crisis Hits Hard for Tuition-Paying Families
In difficult dinner-table conversations, college students and their parents are revisiting how to pay tuition as their personal finances weaken and lenders get tough.
Two Regulators Move To Limit Short Selling
Traders who have sought to profit from the financial crisis by betting against bank stocks were attacked on two continents Thursday.
Stanford University Expands Its Financial Aid Into Middle Class
Stanford University on Wednesday became the latest prominent university to expand financial aid well into the middle class. It announced that students from families earning less than $100,000 a year would not be charged tuition.
University Presidents Given Increasingly Fat Paychecks
Soaring compensation of university presidents, once limited to a few wealthy institutions, is becoming increasingly common, with the number of million-dollar pay packages at private institutions nearly doubling last year, and compensation at many public universities not far behind.
College Tuition Rising at More Than Double the Inflation Rate
Tuition and fees at public and private colleges and universities rose at more than double the rate of inflation, the College Board said in reports released Monday morning.
Loan Companies Fall Under Careful Watch By Attorney General
Colleges and universities from Massachusetts to California began receiving formal requests for information Feb. 2 from the New York attorney general’s office as part of an investigation of financial relationships they or individual college officials have with student loan companies.
College Board Quits the Student Loan Business
The College Board, the powerful testing organization known for its SAT and Advanced Placement exams, announced on Wednesday, Aug. 22 that it was getting out of the student loan business.
Lender to Pay So Students Can Learn Loan Options For Finaid
Sallie Mae, the nation's largest lender to college students, agreed Wednesday to pay $2 million to settle an investigation by the New York attorney general's office and said it would close down student call centers it has run for college financial aid offices.
Student Lender Had Early Plans to Court Officials
The founders of Student Loan Xpress had an explicit plan for corralling a bigger share of the lucrative student loan business: "market to the financial aid offices of schools."
NY Attorney General To Sue Student Loan Company in Civil Suit
Andrew M. Cuomo, New York's attorney general, announced Thursday that he planned to bring a civil lawsuit against a student lending company for deceptive business practices, accusing it of paying colleges and universities to steer student borrowers toward its loans.
Educ. Dept. to Answer For Loan Subsidies
Lawmakers from both parties are pressuring the Education Department to explain why it let a student loan company keep $278 million in subsidies that an audit found improper.