The Obama administration is looking to increase support for its plan to overhaul student lending. This week, they became much more aggressive in their approach, attacking banks for enjoying “a free ride from taxpayers for too long.”
Secretary of Education Arne Duncan reported that the government’s direct offer of student loans and an end [...]
Thanks to our difficult economic times, colleges have been taking a number of steps to keep their budgets in balance. From turning down thermostats to back on cutting sports teams, they had all managed to continue to provide financial aid until now. According to an article in USA Today, Dartmouth College and Williams College have [...]
Are American colleges operating more like businesses and less like educational institutions? In the recent SQUEEZE PLAY 2010 study conducted by Public Agenda and the National Center for Public Policy and Higher Education, 60% of the people surveyed seem to think that is exactly what is happening.
In the same study, two thirds [...]
What’s the difference between scholarships and grants? Find out what helps fund your college education!
Scholarships and grants are essentially “free money” in the sense that you are not expected to pay them back. On the flip side, student loans require students to pay the money back. People who wish to attend college, use [...]
A blizzard may have slowed things down in Washington, but the Obama administration’s mission to reform student lending practices is very much on the president’s agenda. Education Secretary Arne Duncan took aim at lenders like Sallie Mae, urging the Senate to end a program that uses private lenders as middlemen for federally backed loans.
“Working [...]
One of President Obama’s signature initiatives is education reform and an important cornerstone of this plan is revamping the student loan business by removing financial ‘middlemen’ from the process. If the president’s plan goes forward, all federally-funded college loans would go directly from the lender to students, eliminating the service of financial institutions that [...]
Nobody needs to remind us that 2009 was a tough year. Unemployment soared, new hires dwindled and American families struggled with stagnant wages and rising costs for health care. Charitable and philanthropic giving slid to new lows, including donations to public and private educational institutions. Colleges and universities faced the steepest decline [...]
Hard times are hitting some of our nation’s best colleges. In an announcement published on the college website, William Wagner, interim president of Williams College, rescinded the current financial aid policy due to a $500 million dollar dip in the college’s endowment. This development at one of the nation’s most selective [...]
