Nelnet

Nebraska Attorney General Jon Bruning is a forgiving man - at least when it comes to those who are helping finance his planned campaign for the United States Senate, like his good friends at the student loan company Nelnet.

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Senate Unanimously Passes Bill to Reauthorize the Higher Education Act

By a vote of 95 to 0, the Senate unanimously approved legislation Tuesday that would impose new restrictions on the relationships between student loan providers and colleges,…

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Congress is inching closer to slashing overly generous subsidies the government provides student loan banks and increasing need-based student aid by a concomitant amount. Last week, the House approved a budget reconciliation bill that would reduce bank subsidies by $19-billion over five years and redirect the savings to expanded grant aid…

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Now that Congress is taking action to make college more affordable for students and their parents, the loan industry is once again doing what it does best: spreading fear to try to protect the overly-generous subsidies that lenders get from the federal government to…

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Financial aid offices, Congress, and the Department of Education continue to spout catchy phrases about safeguarding the interests of students (well, at least from here on out). But if you were (or are) a student, wouldn't you wonder if the loan scandals have had a personal impact on you?

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Enzi Introduces Bill that Would Eliminate School-as-Lender

Senator Mike Enzi (R-WY) introduced a bill on Wednesday that would place stricter regulations on colleges, student loan companies, and guaranty agencies in order to reduce potential conflicts of interest.…

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New York State Attorney General Andrew Cuomo cut a deal this week with Citibank and five colleges regarding his investigation of student loan industry practices. Citibank will contribute $2 million to an education fund for student loan borrowers and families. Fordham, NYU, St. John's, Syracuse, and the University…

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Anyone in the student loan industry or financial aid world who was banking on New York Attorney General Andrew Cuomo coming up dry in his investigation into sweetheart deals between lenders and colleges could not have been happy today.

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A small group of fiscal hawks in Congress led by Congressmen Jeff Flake (R-AZ) and Tom Petri (R-WI) have called on Education Secretary Margaret Spellings to revisit her decision to forgive approximately $300 million in taxpayer subsidy overpayments to college loan provider Nelnet. Read their letter to Spellings.

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Student loan giant Nelnet has set its sights on the enrollment management business. Advocates of middle class and needy students should be concerned.

Enrollment managers are key players in the secret world of financial aid packaging. …

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