Pa. student loan provider received at least $33 million through now-revoked loophole in federal law, and government is urged to recoup funds.
Congress's proposed change in how student loan defaults are measured would raise rates and most likely toughen scrutiny of for-profit colleges.
Lenders say federal budget numbers now show that the guaranteed loan program costs the government less than direct lending. Should that change the equation?
Student loan industry experts consider implications for future in the wake of massive cuts to federal subsidies.
After months of silence on student loans, Cuomo announces another settlement, unveils new code of conduct, and warns Congress not to dally on Higher Education Act reforms.
Federal program to draw students into "high need" teaching fields troubles college leaders because grants will turn to loans if students get off track.
U.S. data show proposed change in student loan default calculation would send rates higher, troubling for-profit colleges.
Lenders are feeling the pain. But as federal officials and traditional colleges minimize impact on students, career college backers bemoan effects and predict damage will spread.
Even as aides play down seriousness of credit crunch now, Kennedy hatches plan to give Congress flexibility to raise limits later on students' federal borrowing.
At House hearing on "credit crunch," partisan bickering obscures general consensus that federal intervention would be premature.
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