Financial aid

University that went bankrupt amid tighter federal scrutiny looks to collect money from former students

Mid-Continent University's closure last year left a messy situation for students -- and it was precipitated by financial sanctions the U.S. Department of Education uses to rein in colleges.

Obama administration will create student loan complaint system, centralized payments for borrowers

President Obama announced a series of executive actions aimed at improving and centralizing the customer service experience of borrowers with federal student loans.

As policy makers push FAFSA simplification, colleges and states worry about lost data

How many questions are really needed? And how many just confuse?

Carnegie Foundation says credit hour, although flawed, is too important to discard

Carnegie Foundation releases its much-awaited report on the credit hour -- higher education's currency -- which disappoints some by not calling for different standard unit for learning.

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

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

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

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

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

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

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

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