Latest Student financial aid News

California woman accused in $6M student loan debt scam

Sep. 21, 2021 16:50 PM EDT

OAKLAND, Calif. (AP) — A California woman has been arrested on suspicion of masterminding a student loan debt relief scam that bilked thousands of borrowers out of more than $6 million, the state's top prosecutor announced Tuesday. Angela Kathryn Mirabella, 47, ran a...

Early data shows shifts in makeup of university enrollment

Sep. 11, 2021 15:38 PM EDT

TUCSON, Ariz. (AP) — The uncertainty of the COVID-19 pandemic has caused a national dip in college enrollment. Pima Community College, for instance, has seen a near 20% drop in enrollment since fall 2019. But drive across Tucson, and that’s not...

California community colleges flag broad attempted aid scam

Sep. 02, 2021 11:58 AM EDT

LOS ANGELES (AP) — Officials have detected more than 65,000 fake financial aid applications to California community colleges in what is believed to be a massive attempted financial aid scam. The Los Angeles Times reports Thursday that the fraudulent applications were...

Where to turn when a natural disaster upends your finances

Sep. 01, 2021 07:53 AM EDT

Natural disasters can upend lives in an instant, but unwinding the financial damage can take many months. Still, those affected have many sources of help. Here’s how you can get help and be strategic with your resources as you begin to rebuild after a disaster. ...

Albuquerque schools budget for teacher loans, fewer students

Aug. 31, 2021 15:49 PM EDT

ALBUQUERQUE, N.M. (AP) — New Mexico's largest school district wants to use federal pandemic funding to prevent staff layoffs. A proposal from Albuquerque Public Schools released Monday would direct $50 million in pandemic relief to offset a loss of state money tied to...

Insider Q&A: What's next for student loans in the COVID era

Aug. 30, 2021 08:12 AM EDT

NEW YORK (AP) — Before starting advocacy group the Student Borrower Protection Center, Seth Frotman was the Student Loan Ombudsman at the Consumer Financial Protection Bureau. That's effectively the federal government's point person for student loan issues. Frotman held...

Loan forgiveness offered to more former ITT Tech students

Aug. 26, 2021 11:47 AM EDT

The Education Department announced Thursday it will forgive student debt for more than 100,000 borrowers who attended colleges in the now-defunct ITT Technical Institute chain but left before graduating. In a rarely used move, the agency said it will erase federal loans...

Pay for your kid’s college? 3 times to think twice

Aug. 25, 2021 07:06 AM EDT

The debate over student loan debt often neglects a significant group: parents. About 1 in every 3 dollars the federal government lent for undergraduate education last year were in a parent’s name. In total, federal parent loan debt is over $103 billion across more than...

Millennial Money: Pandemic spurs school finance courses

Aug. 24, 2021 07:02 AM EDT

Many of us don’t learn how to manage money until we’re faced with our first true financial decision, like renting an apartment, applying for a credit card or buying a car. But what if you learned about budgeting or credit scores in the low-stakes environment of a classroom instead? It may...

US to erase student debt for those with severe disabilities

Aug. 19, 2021 16:09 PM EDT

The Biden administration announced Thursday it will automatically erase student loan debt for more than 300,000 Americans with severe disabilities that leave them unable to earn significant incomes. The move will wipe out more than $5.8 billion in debt, according to the...