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.
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.
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 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.