Friday 16 September 2011

Financial Aid News

Financial Aid News

Link to Financial Aid News and Blog : FinancialAidNews.com

09-15: Full Conversion to New Debt Management and Collections System

Posted: 16 Sep 2011 12:54 AM PDT

The Department of Education (ED) has implemented a new debt management and collections system and added small groups of newly defaulted accounts to it. Last week, ED moved a group of approximately...

For more great financial aid news and updates, visit http://www.financialaidnews.com/

For Student Borrowers, a Hard Truth

Posted: 16 Sep 2011 12:52 AM PDT

"As many students and parents struggle to make payments on their student loans, many are finding this debt comes with some serious strings attached," Smart Money reports. "For borrowers with no other...

For more great financial aid news and updates, visit http://www.financialaidnews.com/

Where Universities Can Be Cut

Posted: 16 Sep 2011 12:51 AM PDT

"What a group of management consultants found when they analyzed several research universities in 2008 and 2009 to identify potential savings probably didn't come as a surprise to most people in...

For more great financial aid news and updates, visit http://www.financialaidnews.com/

Ten Things College Students Waste Money On

Posted: 16 Sep 2011 12:49 AM PDT

"Parents may have socked away funds to pay for tuition and books, but with costs rising there is simply less money to spend on all the other expenses associated with being a student," Forbes...

For more great financial aid news and updates, visit http://www.financialaidnews.com/

In The Public Interest: Student Loan Defaults Skyrocket, Double in Past 6 Years

Posted: 16 Sep 2011 12:44 AM PDT

"The number of students who defaulted within two years of entering repayment increased to 8.8%, up from 4.5% in FY 2003 and 7% in FY 2008," Rich Williams writes in the Huffington Post. "Skyrocketing...

For more great financial aid news and updates, visit http://www.financialaidnews.com/

Strain On College Financial Aid With More People In Poverty

Posted: 16 Sep 2011 12:41 AM PDT

"The recent Census Bureau data on poverty is staggering: the number of people living below 50 percent of the poverty level is the highest it's been since 1975, according to Mother Jones,"...

For more great financial aid news and updates, visit http://www.financialaidnews.com/

Worried About Student Debt? Limit How Much You Borrow

Posted: 16 Sep 2011 12:40 AM PDT

"Frightened by reports of college grads being crushed by student loans? Protect yourself by limiting how much you borrow," the Chicago Tribune reports. "Here's how: Choose a school that fits into the...

For more great financial aid news and updates, visit http://www.financialaidnews.com/

Idaho College Works to Prevent Financial Aid Fraud

Posted: 16 Sep 2011 12:38 AM PDT

"A northern Idaho college adopted a new attendance policy when classes started this fall to help prevent financial aid fraud," the Houston Chronicle reports. "Students who were awarded assistance to...

For more great financial aid news and updates, visit http://www.financialaidnews.com/

09-15: Employment Opportunities-Vacancy Announcement for Management & Program Analyst, GS – 0343 – 13

Posted: 16 Sep 2011 12:29 AM PDT

The Department of Education (ED) is looking for a Management & Program Analyst to be a part of its Performance Improvement and Procedures Service Group (PIPSG). PIPSG provides support to the...

For more great financial aid news and updates, visit http://www.financialaidnews.com/

Continuing Resolution Would Give Congress More Time to Debate 2012 Budget

Posted: 15 Sep 2011 09:05 AM PDT

With only weeks until the end of fiscal year (FY) 2011 on Sept. 30 and Congress far from completing the FY 2012 budget, lawmakers are again looking to pass a Continuing Resolution to give them more...

For more great financial aid news and updates, visit http://www.financialaidnews.com/

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