Aug 31, 2006
EdFed News Wire

America's Top Student Loan Consolidator
Thursday, August 31 , 2006
Oops! Mistake Causes Dozens Of Students To Lose Grants
By Judith Earley
National Science and Mathematics Access to Retaining Talent (SMART) Grants were created by Congress last winter to help colleges and universities graduate more students in high-demand fields such as physics, engineering, and some foreign languages. But something went horribly wrong this month on the campus of Utah State University.

One hundred fifty students who each thought they would be receiving a $4,000 grant through the program found out the following week—by email no less—that they were not eligible after all. Why? Because the students had taken too many credit hours in order to qualify under the new program's definition of an academic year.

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College Student Debt Traps
By Amy Wong

Mary Beth Pinto, associate professor of marketing at Penn State University, and Phylis Mansfield, assistant professor of marketing at Penn State Erie, have conducted a telling study about students' financial burdens entitled "Financially at-risk college students: An investigation of credit card usage, student loan debt and prioritization of debt repayment."

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College Tuition Guide
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Security Breach: ED site exposes private information

A flaw during a software upgrade on the Department of Education's website exposed personal data of Direct Loan borrowers—including theirs names, Social Security numbers, and birth dates.
2006 Higher Education Price Index update

Commonfund Institute has released the 2006 update for the Higher Education Price Index (HEPI), its second yearly compilation of the index. Statistics laid down by the Institute show that there has been a significant 5-percent escalation in inflation for colleges and universities this year against a 3.5-percent increase in 2005.

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