WASHINGTON -- Like many pieces of major legislation, the financial reform measure on which Congressional negotiators reached final agreement late last week satisfies no one entirely.
As policy debate rages about for-profit colleges' value, their enrollments continue to soar, nearing 12 percent of all students.
At hearing Wednesday, lawmakers praise a student loan program that is facing a phaseout.
Federal Reserve report documents $83.5 million in payments to campuses, alumni groups and foundations in 2009.
Study examines little-explored (but big) group of borrowers: the majority who neither default nor repay all their loans on time. How much trouble are they in?
Tidewater Community College won't let its students borrow unless they prepare a realistic personal budget.
U.S. report shows rates rising for all sectors, but especially for borrowers from for-profit colleges -- in ways likely to add to pressure on the institutions.
Education Department invites agencies to propose new ways to offer default prevention and financial literacy services to students and colleges.
In deficit-minded times, student aid has already proven to be a potential casualty. As interest rates go up but need-based aid stays level, expect more of the same, experts say.
Predictions of calamity in transition to government-based student lending have not come to pass. But U.S. faces another daunting task: helping colleges help borrowers avoid default.
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