Financial aid

Sallie Mae, Navient settle U.S. charges of overcharging servicemembers, misrepresenting late fees

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Federal regulators announce two settlements over alleged overcharging of military servicemembers and misrepresenting late fees to other borrowers.

Researchers debate changes to federal income-based repayment programs

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Policy makers and higher education researchers grapple with how to reform and overhaul federal income-based repayment programs for student loan borrowers. 

Education Department plans to change how it oversees loan servicers

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Education Department plans changes in how it evaluates student loan servicers. Consumer advocates and some members of Congress have criticized the department's oversight of the companies. 

Ryan Budget Calls for Cuts to Pell Grant, Elimination of NEH

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House Republicans unveil their 2015 budget proposal, which calls for a 10-year freeze on the maximum Pell Grant and would eliminate funding for the National Endowment for the Humanities. 

Education inspector general calls for tighter debit card regulations

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Department of Education’s inspector general joins other federal investigators in calling for stricter rules on campus debit cards, as the agency contemplates new regulations on the products.

Audit urges Education Department to tighten distance education regulations

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The U.S. Education Department must do more to prevent financial aid fraud in distance education, a federal audit says.

Lawmaker alleges colleges require aid applicants to fill out fee-based form

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Congressman accuses elite colleges of misleading students into believing they must fill out fee-based form to qualify for federal aid.

UT System creates database to track graduates' earnings, debt

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University of Texas System creates web tool to track graduates' earnings and debt five years after leaving college, among other outcomes.

Budget negotiators reach deal that would increase NIH spending, Pell Grant award

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Congressional negotiators reach agreement to boost spending on NIH and student aid, though deal does not restore all of the sequester cuts.

Higher ed lobbyist retires after four decades

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After four decades, Becky Timmons to retire as key lobbyist for higher education.

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