Federal spending on the biggest student grant program surprisingly declines by $2.2 billion, even as numbers of recipients increased. But a sword still hangs over the program.
Submitted by Kevin Kiley on August 30, 2012 - 3:00am
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Long Island U. is latest college to face budget problems after overspending on financial aid, a reflection of how the affordability crisis is squeezing institutions.
The Consumer Financial Protection Bureau urges Congress to reconsider bankruptcy discharges for private student loans and provides an overview of the lending market in a report to Congress.
Cornell pulls back from its aid policy, restoring some borrowing for new students with family incomes of $60,000 to $75,000. Will more colleges follow?
Citing a statistic from the FAFSA, the Education Secretary has encouraged more students to apply to more colleges. But most already apply to more than one -- and there's no evidence it will affect college-going rates.
Despite growing concern over loan burdens, some key data points remain completely unclear -- including how much students borrow, on average, at specific colleges.
The Consumer Financial Protection Bureau enters the for-profit fray with an investigation of Corinthian Colleges, that references the company's loans to students. Will investigation expand?
In the first weeks of the 2012 campaign, Obama and Romney focused not on economic or foreign issues but on the student loan interest rate. Could student debt play a significant role in this year's elections?
