Latest Student financial aid News

Correction: CNS-Student Debt story

Dec. 7, 2019 11:15 AM EST

A Dec. 5 correction to a Capital News Service story that ran Dec. 3 about student loan debt incorrectly said the interest rate for federal student loans increased by 10.3% in 2019. The interest rate decreased by 10.3%. The correction also said federal student loans are usually based on financial need. While...

Correction: NerdWallet-These Employers Pay story

Dec. 6, 2019 3:38 PM EST

In a story Nov. 14 about companies’ student loan repayment help, The Associated Press — in an article supplied by the personal finance website NerdWallet — reported erroneously what Raytheon employees can receive through the program. The program does not allow employees to use the company...

UNR promoting free-tuition for low-income students

Dec. 5, 2019 8:03 PM EST

RENO, Nev. (AP) — The University of Nevada, Reno is reaching out to prospective students about financial aid opportunities for lower income families. School officials hosted a news conference Thursday with students who have received free tuition, fees and books from the Nevada Guarantee program. Shannon...

Senate passes bill to save funding for black colleges

Dec. 5, 2019 6:23 PM EST

The Senate on Thursday passed a bipartisan deal that would permanently restore funding to historically black colleges and universities and other schools that serve large shares of minority students. The legislation also would simplify the federal form used to apply for student financial aid. Although the amended...

DeVos calls for making financial aid unit a separate agency

Dec. 3, 2019 4:24 PM EST

Education Secretary Betsy DeVos says Congress should consider splitting her department’s financial aid operation into a separate federal agency with the flexibility to operate like a private bank. DeVos made the comments Tuesday in Reno, Nevada, at an annual conference hosted by the Education...

Sen. Paul offering bill to combat student loan debt

Dec. 3, 2019 3:24 PM EST

FRANKFORT, Ky. (AP) — U.S. Sen. Rand Paul wants to combat the rising debt load engulfing college students by allowing families to use their retirement savings to pay off their loans. The Kentucky Republican introduced federal legislation late Monday that would allow students to dip into retirement accounts...

Liz Weston: It’s time to let go of shame over your debt

Dec. 2, 2019 11:19 AM EST

Many of us feel bad about our debt. Most of us probably shouldn’t. Three-quarters of U.S. households owe money, but the vast majority pay their bills on time and have debt loads that are reasonable given their incomes. But many people still report being embarrassed about owing money. In one study, nearly...

Editorials from around New England

Nov. 29, 2019 11:42 AM EST

Editorials from around New England: CONNECTICUT Protest put sports in proper perspective The Connecticut Post Nov. 27 On this much, everyone can agree. When it comes to the halftime protest at the 2019 Harvard-Yale football game, the protesters chose their time and venue well. Students and other activists drew...

What to do when your first student loan payment is due

Nov. 28, 2019 9:01 AM EST

The first student loan bills are arriving for the Class of 2019. If the grads are able to stick to the standard plan, they'll make payments every month for the next 10 years and be done with it. But not all borrowers will knock out their loans so quickly. Among federal loan borrowers who began taking on debt in...

AP FACT CHECK: Trump and his so-they-say accusations

Nov. 23, 2019 10:36 AM EST

WASHINGTON (AP) — President Donald Trump has a sophisticated machine at his disposal for gathering and analyzing information: the U.S. government. But many of his inflammatory statements come from another place, an ethereal world where his sources are never identified: “They say. ... Well, that's...