Thursday 26 January 2012

Financial Aid News

Financial Aid News

Link to Financial Aid News and Blog : FinancialAidNews.com

Congressman Braley Introduces Bill To Keep Student Interest Rates Down

Posted: 25 Jan 2012 04:00 PM PST

"Rep. Bruce Braley on Wednesday introduced legislation that would indefinitely keep the interest rate for federally subsidized student loans at the current level of 3.4 percent," KCRG reports....

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NASFAA Graduate and Professional Issues Committee Submits Letter to CFPB on Private Loans

Posted: 25 Jan 2012 04:00 PM PST

The NASFAA Graduate and Professional Issues Committee (GPIC) and the AAMC Committee on Student Financial Assistance (COSFA) submitted their comments regarding Regulation Z requirements to the...

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

Students, Fill Out Your FAFSA!

Posted: 25 Jan 2012 04:00 PM PST

"While federal loans may not be sufficient to cover the entire cost of an undergraduate education due to caps in Stafford loan eligibility, this is no longer the case for graduate and professional...

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

01-25: Errata and Updates – Volume 5 – Overawards, Overpayments, & Withdrawal Calculations [2011-12 Federal Student Aid Handbook]

Posted: 25 Jan 2012 04:00 PM PST

Federal Student Aid has made a substantive revision to Volume 5 – Overawards, Overpayments, & Withdrawal Calculations of the 2011-12 Federal Student Aid Handbook. The revision has been added to...

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Federal Student Loan Rate Set to Double

Posted: 25 Jan 2012 04:00 PM PST

"Attention college students: The interest rate on federal student loans is scheduled to double this summer unless Congress acts soon," CNN Money reports. "Loans taken out for the current school year...

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

01-25: Loan Servicing Information – ESA/Edfinancial Joins Federal Loan Servicer Team

Posted: 25 Jan 2012 04:00 PM PST

The Department of Education (ED) will expand its federal loan servicer team through new federal loan servicing contracts awarded under the HCERA/SAFRA Not-For-Profit (NFP) Servicer Program...

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

Opinion: The DREAM Act Struggles On, Nameless But Alive

Posted: 25 Jan 2012 04:00 PM PST

"It may be tempting to parse every word of President Obama's State of the Union address on Tuesday night, but the omissions are far more illuminating," Juliette Kayyem writes in the Boston Globe. "...

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

Look Out for These Federal Aid Changes in 2012

Posted: 25 Jan 2012 04:00 PM PST

Jan. 26, 2011 - U.S. News and World Report interviews NASFAA President Justin Draeger about the July 2012 interest rate change on federal subsidized loans and the elimination of the six-month grace...

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State of the Union: What Can Obama Do About College Tuition?

Posted: 25 Jan 2012 04:00 PM PST

"President Obama hit hard on issues of college affordability in his State of the Union address Tuesday night," the Christian Science Monitor reports. "He called on states to raise the compulsory age...

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

Warnings of Unintended Consequences

Posted: 25 Jan 2012 04:00 PM PST

"In his State of the Union speech Tuesday night, President Obama delivered a brief message to colleges and universities: they are 'on notice,' and risk losing some federal money if net tuition prices...

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