Loan programs

'Good Day' for For-Profit Colleges

Smart Title: 

As they waited Thursday morning for the House of Representatives higher education subcommittee to vote on legislation to extend the Higher Education Act, lobbyists for for-profit and nonprofit colleges had strikingly different answers to the simple question "How are things going?"

Bruce D. Leftwich, vice president for government relations at the Career College Association, responded with an enthusiastic "Great, great." David S. Baime, who plays the same role for the American Association of Community Colleges, offered an uncertain "I have no idea."

Budget Bill Advances in Senate

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Appropriations panel backs plan to raise NIH spending by $1 billion but keep maximum Pell Grant at $4,050.

Competition = Savings in the Loan Programs

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Federal costs would balloon and efficiency would erode if either student loan program vanished, a study finds.

Sharing the Pain

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House panel votes to impose cuts on lenders but makes advocates for students unhappy, too.

Imperfect (Yet Successful?) Bill

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House Higher Ed Act legislation has something for everyone to like and dislike.

Students Who Charge

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Credit card debt exceeds student loan debt, a new study finds.

Advice for the Senate

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College groups offer suggestions on how to improve on the House's Higher Ed Act legislation.

The Senate's Higher Ed Act

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The U.S. Senate's education committee will convene today to take up its version of legislation to renew the Higher Education Act -- a bill that most college lobbyists prefer to the version passed in July by the parallel panel in the House of Representatives.

Next Step for the Higher Ed Act

Smart Title: 
With legislative picture muddied by Katrina, Senate panel makes fast work of its version of key bill.

Default Rates Fall Again

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4.5% of borrowers in 2003 failed to repay their student loans, down from 5.2% in 2002.

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