News Scoop

With release of a more than $20 billion higher education budget reconciliation plan that slashes student loan provider subsidies over the next five years and includes a groundbreaking pilot auction program that uses market forces to set student loan subsidy rates, the U.S. Congress moved to dramatically increase student financial aid. This…

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You can do a lot of things with $108,000 - send close to 50 students to community college for a year, fund 50 Pell Grants or donate 6,033 copies of the forthcoming Harry Potter book to your local school - to name just a few. But Sallie Mae is hoping $108,000 can…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Just when things were starting to look bad for the student loan industry, Sallie Mae Chairman Al Lord made them even worse.

Congressional leaders announced today they are investigating whether Mr. Lord received…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Higher Ed Watch has learned that the New York State Attorney General's Office has begun looking into the sweetheart deals that some lenders have struck with financial aid administrators to win student loan business.

In late December,

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.

Six weeks ago, Loan to Learn, a private student loan company, rose to defend the "integrity and intentions of financial aid professionals" accused of receiving cash and in-kind payments for driving students to particular college loan providers.

The company wrote an open letter saying, "It is Loan to…

Note: This post pre-dates Higher Ed Watch's shift to a new publishing system. For the complete original post, including any comments, please click here.