Jan 30, 2008
Barton Community College, Pennsylvania Higher Education Assistance Agency (PHEAA)
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Wednesday, January 30 , 2008
Student Loan Programs Scaled Back, Some Terminated
By Carina Zaragoza Print this Page
The recent subprime mortgage meltdown has made its way into the higher education sector. Coupled with the recent student loan industry fiasco and current economic uncertainty, several leading student loan lenders have announced they will cut back or eliminate altogether loan programs.

The majority of schools affected by these cutbacks are for-profit colleges, or career colleges.

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Student Loan Team Meetings Underway

By Carina Zaragoza

This month, a group of negotiators dubbed the Student Loan Team began the first of several meetings focusing on student loan legislation. Made up of representatives from universities, colleges, associations, guarantors, and lenders, the Student Loan Team has taken on the responsibility of making regulations for several requirements created by the College Cost Reduction and Access Act of 2007 (CCRAA). Representatives from various sectors impacted by CCRAA legislation are taking part in the rule-making process in an effort to reach a consensus all invested parties will be satisfied with.

The major topics to be discussed are the income-based repayment program and rules for defining for-profit and not-for-profit lenders. The Federal Family Education Loan Program (FFELP) will introduce a new repayment option, the income-based repayment program.

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Law Librarians Get Grant

Two law librarians at the H. Douglas Barclay Law Library have been awarded a national grant. The library's assistant director for faculty and outreach services and its reference/student services librarian have both received the 2007 Wolters/Kluwer Law and Business Grant from the American Association of Law Libraries. The decision to award them the grant was based on various parts of their work for the library and their achievements so far.
Law Clinic Receives Award

The Emory Law Barton Child Law and Policy Clinic will be recognized at an awards ceremony at the end of January. It will be honored with the 2008 Martin Luther King Jr. Community Service Award. The award was created to reward people, programs, schools, and other organizations that are making efforts to lessen "social injustices and inequities" in their communities.

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