Financial aid

Consumer Financial Protection Bureau issues report on private student lending

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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 restores loans for those with family incomes above $60,000

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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?

Duncan urges more students to apply to more colleges

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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.

How standardized should financial aid award letters be?

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Rising concern about student debt has reignited debates about standardizing financial aid award letters.

What we don't know about college student debt

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Despite growing concern over loan burdens, some key data points remain completely unclear -- including how much students borrow, on average, at specific colleges.

CFPB is investigating Corinthian Colleges, possibly focusing on student lending

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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?

How student debt became a focus of the presidential campaign

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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?

Study suggests limitations in CARD Act's effectiveness

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Study turns up mixed reviews in the effectiveness of the CARD Act of 2009, parts of which were intended to protect students from aggressive marketing by credit card companies, on and off campus.

Colleges worry about end of federal aid based on "ability to benefit"

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High school dropouts used to be able to qualify for federal grants and loans based on a basic skills test. That ends in July, and community colleges are worried about what will happen to these students.

Education Department raises hackles over clock hour definition

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The Education Department's take on the definition of "clock hour" programs is too broad and could unfairly cut into federal aid, say a Texas state agency and for-profits.

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