Nov 09, 2006

America's Top Student Loan Consolidator
Thursday, November 9 , 2006
Possible Pell Grant Increase
By Emily Zaborniak
In response to annual hikes in college tuition despite the absence of corresponding increases in income, dependence on student financial aid has skyrocketed. However, the government has had trouble filling the expanding gap between expenses and resources for students in need. As a result, U.S. Senators Edward Kennedy (D-MA), Susan Collins (R-ME), Norm Coleman (R-MN), and Russ Feingold (D-WI) are lobbying to make higher education more affordable for those who qualify for Pell Grants.

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Sponsored by LawSchoolLoans
The Issue of Integrity

By Emily Zaborniak

An "education summit" to be presented by EduCap, Inc., has sparked media buzz and raised questions concerning the integrity of relationships between colleges and private student loan lenders. Originally, the conference was set to be held this February in the Caribbean, and invitees would have received all-expenses-paid stays at the Four Seasons. The New York Times mentioned this extravagant upcoming event in a recent article, including it in a list of other suspicious incentives—such as iPods and cash bonuses—given to universities by numerous lenders.

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FSA publishes final regulations

The final regulations implementing changes to the Higher Education Act of 1965 resulting from the Higher Education Reconciliation Act of 2005 have been released by the Office of Federal Student Aid (FSA). The regulations govern the provisions of the HERA that affect students, borrowers, postsecondary educational institutions, lenders, and others participating in the federal student aid programs endorsed under Title IV of the HEA.
Karen Luebbert resigns from MOHELA board

Chair of the Missouri Higher Education Loan Authority Karen Luebbert has resigned from its board. Luebbert was one of a group of members protesting the sale of part of a student loan portfolio that was proposed to be used to fund $350 million in building projects on state university campuses. She contends that the MOHELA money is supposed to help students gain access to loans and financial aid and that it is not meant for building projects.

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