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Jan 24, 2008
Barton Community College, Pennsylvania Higher Education Assistance Agency (PHEAA)
College Loan Consolidation, Federal Loan Consolidation, Private Loan Consolidation, Student Loan Consolidation

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Thursday, January 24 , 2008
No Comprehensive Analysis of Cuts to FFEL Program, Secretary Says
By Carina Zaragoza Print this Page
Secretary of Education Margaret Spellings asserted that she has not seen any strong evidence that the cuts to the Federal Family Education Loan Program (FFELP) have had negative impacts on students or lenders. Her remarks came after a speech made at the National Press Club on January 9, 2008. Spellings fielded questions centered on the No Child Left Behind Act, among other topics, including the state of the student lending industry.

The College Cost Reduction and Access Act of 2007, enacted on September 27, 2007, cut about $21 billion in federal subsidies to FFELP lenders. Some of these funds were reallocated to the Federal Pell Grant Program, increasing the number of awards and the amount of awards granted. Increasing Federal Pell Grant funds effectively allows more students to have access to higher education by assisting with the cost of attendance.


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Committee Meeting Held to Negotiate TEACH Grant Program

By Carina Zaragoza

A rulemaking committee has begun negotiations to sort out the details of the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program. The committee will hold multiple sessions, the first of which began on January 8 and ended on January 10. The schedule calls for two more sessions. The second session will run from January 22 to January 24, and the third session will be held from February 6 to February 8.

Part of the College Cost Reduction and Access Act of 2007, the TEACH Grant Program provides grants of up to $4,000 a year to students who plan to become teachers. TEACH also provides current teachers with grant aid should they pursue graduate degrees. The College Cost Reduction and Access Act of 2007 set aside $325 million over the next five years to fund the program.


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One-Year Challenge from Law School Alumnus

Alumnus of Capital University Law School Thomas R. Baruch has come up with a $200,000 challenge to support the school's Professor Emeritus John E. Sullivan professorship. The matching challenge will end on December 31, 2008. When it is a success, it will reach the minimum $500,000 needed to create the Sullivan professorship. Those who wish to donate funds in response to the challenge must be J.D. graduates of Capital University Law School.
Largest Law School Creates New Campus

The Thomas M. Cooley Law School in Lansing, Michigan, has opened up a new campus in nearby Auburn Hills. More than 600 students will study at the new campus, which is on a 67-acre area and includes green building sections. The school will also add 2,000 square feet to the campus within the next 12 months.

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