Articles and Archive

Conferees Reach Accord on Budget Reconciliation Legislation

Sep 6th 2007 2:03 pm

 

Conferees Reach Accord on Budget Reconciliation Legislation

House and Senate conferees reached agreement last evening on “The College Cost Reduction and Access Act." The conference report is available on the House Education & Labor Committee website. The legislation uses budget reconciliation to raise the maximum Pell Grant limit and provide for student loan interest rate relief by reducing payments to student loan providers.

According to a press release issued by House Education Committee Chair, G
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Lenders, Colleges Wrote of Cozy Deals

Sep 5th 2007 4:53 pm

Lenders, colleges wrote of cozy deals Wednesday,  September 5, 2007 3:34 AM By Nancy Zuckerbrod ASSOCIATED PRESS WASHINGTON -- Internal student-loan-industry documents unveiled yesterday provide further evidence of conflicts of interest between banks and colleges or school officials.

Sen. Edward M. Kennedy, D-Mass., chairman of the Senate education committee, released the documents as part of an ongoing investigation into the industry. The findings were similar to
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Senator Kennedy Issues Report on FFEL Marketing Practices

Sep 4th 2007 11:52 am

 

Senator Kennedy Issues Report on FFEL Marketing Practices

Senator Edward Kennedy (D-MA), Chairman of the Senate Education Committee issued a report today on the student loan system entitled, "Second Report on Marketing Practices in the Federal Family Education Loan Program." The report details the findings of Chairman Kennedy's investigation of marketing practices in the student loan industry. Specifically, it looks at select marketing practices of the Federal Family Education Loan Program (FFELP), including
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On the Hill

Sep 4th 2007 11:15 am

 

On the Hill

Tomorrow, September 5 at 10 a.m., the House Financial Services Committee will hold a general oversight hearing on the current crises in the credit markets, mortgage market and the implications for the U.S. consumer and the economy. The hearing will be held in room 2128 of the Rayburn House Office Building.

 

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HEWI Reports on Single Lender Use

Sep 4th 2007 11:14 am

 

HEWI Reports on Single Lender Use

According to Department of Education documents obtained by Higher Education Washington Inc. (HEWI), nearly 300 colleges and universities participating in the Federal Family Education Loan program have 100 percent of their loan volume with just one lender. In its newsletter, HEWI reports that of the 291 schools that use just one lender, about a quarter of them use Sallie Mae. The department released the documents about schools and their loan volumes to HEWI following a federal Freedom of
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