Financial aid

Obama is joined by Republicans for unveiling of free community college plan

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Bipartisanship is on display as President Obama announces free community college plan in Tennessee, but proposal likely faces tough odds in Congress.

At second higher ed summit, Obama administration mixes praise and accountability

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The summit underscores a tension in the Obama administration’s higher ed approach: how to promote colleges' and universities' successes while holding them more accountable. 

Student debt increasingly trails Americans into retirement, U.S. report says

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Older Americans are increasingly burdened by federal student loans -- and they struggle to repay the debt at much higher rates than their younger counterparts, a new government report finds. 

Looming default rates could penalize community colleges where few students borrow

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Community colleges ask Washington for help on a federal loan-default measure they say is snagging colleges where relatively few students borrow.

Consumer Financial Protection Bureau sues ITT, alleges predatory loan scheme

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Consumer protection bureau's first action against a for-profit college signals how aggressively the watchdog agency plans to use its enforcement powers in the industry.

Under Congressional scrutiny, colleges alter wording of financial aid websites

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Responding to unusually detailed criticism from a member of Congress last week, dozens of colleges change the wording of their financial aid websites. 

Public universities propose alternative to Obama ratings plan

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Association of public universities says Obama ratings system could create "perverse incentives," but supports linking receipt of aid to performance on key metrics.

New Census data on non-college credentials and the work force

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U.S. Census Bureau's first-of-its-kind report on the 25 percent of adults who hold a non-degree credential could influence policy and how college completion is viewed.

Obama administration announces new college commitments and funding for low-income students

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The Obama administration unveils more than 100 commitments from colleges and universities and millions of dollars in philanthropic donations as part of its White House higher education summit. 

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. 

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