Financial aid

Consumer bureau calls on financial institutions to disclose debit card agreements with colleges

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U.S. consumer bureau officials call on financial institutions to disclose the agreements they have with colleges to provide students with debit cards. The lack of transparency constitutes a "risky practice," agency's director says. 

Michelle Obama speech signals new administration focus on boosting low-income college enrollment

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With Michelle Obama's speech on higher education -- and another meeting of university presidents at the White House -- the administration kicks off a new push to increase low-income students' access to college.

Congressional study explores costs of and possible changes to Pell program

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Congressional study explains why primary need-based-aid program ballooned in cost and explores how possible policy changes would affect spending -- and students.

Senate negotiators reach (another) student loan deal

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Compromise would tie federal student loan interest rates to financial market, cap them, and direct some savings to reducing the deficit. Senate approval is not a sure thing.

Federal report warns that aid proposals could hurt low-income minority students

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Citing declining enrollment and bachelor's degree attainment for low-income minority students, report warns that proposals to reform federal student aid could harm access and outcomes for neediest students.

Justice Department launches investigation into merit aid talks

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Justice Department investigation into whether merit aid discussions violate antitrust rules highlights the barriers that private colleges face in dialing back the practice and the unclear laws under which they operate.

Merit aid makes college more expensive for low income students, report finds

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Use of non-need-based aid in pursuit of tuition revenue and prestige is driving up the cost of college for low-income families, New America Foundation report finds.

Report calls for separating Pell Grants for adult and younger students

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A new report on rethinking financial aid calls for splitting the main federal need-based-aid program in two, with one grant for adult students and another for traditional-age students.

Vanderbilt's singular focus on raising money for aid lowers debt

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Vanderbilt has seen average student debt decline due to “singular focus” on fund raising for need-based financial aid, a potential model for other universities. Hopkins has taken similar approach.

Consumer Financial Protection Bureau to seek oversight of loan servicers

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After a slew of complaints about federal and private loan processing and collection, Consumer Financial Protection Bureau seeks oversight of the largest servicers.

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