Latest Student financial aid News

Former ITT students in Indiana to get $10M in debt relief

Sep. 15, 2020 8:17 PM EDT

INDIANAPOLIS (AP) — More than 1,000 students who were enrolled at now-closed ITT Technical Institute campuses in Indiana are eligible for nearly $10 million in student loan forgiveness, the state’s attorney general announced Tuesday. Indiana's share of a $330 million national settlement follows...

Illinois AG: Former ITT students to get $9.4M in debt relief

Sep. 15, 2020 8:10 PM EDT

CHICAGO (AP) — Students who were enrolled at now-closed ITT Technical Institute campuses in Illinois are eligible for $9.4 million in student loan debt relief, the state's attorney general announced Tuesday. Illinois' share of a $330 million national settlement follows investigations by several attorneys...

UA board approves loan to cover athletic department's debt

Sep. 10, 2020 4:13 PM EDT

FAYETTEVILLE, Ark. (AP) — An Arkansas university board has approved a loan of up to $19.1 million that will allow its athletic department to pay off debt due this year and next year on bonds issued for its facilities. The University of Arkansas System board of trustees approved the loan agreement Tuesday,...

Fired employee sues college, claims harassment, retaliation

Sep. 4, 2020 8:48 AM EDT

WORCESTER, Mass. (AP) — A former employee of a Massachusetts college is suing, saying she was fired for reporting chronic understaffing in the school's financial aid office and for seeking sick leave. Sandra Pereira, the former director of financial aid at Anna Maria College, filed a lawsuit on Aug. 27...

FILE - In this March 14, 2019, file photo students walk on the Stanford University campus in Santa Clara, Calif.  With what could be a slow economic recovery and loan debt on the rise, college students are looking for alternatives to pay for their education.  (AP Photo/Ben Margot, File)

Should students gamble on an income share agreement?

Sep. 2, 2020 8:29 AM EDT

Students watching the COVID-19 pandemic play out have reason to be wary of taking on additional loans for college. With what could be a slow economic recovery, signing up for an additional bill that comes each month, no matter what, might sound like a bad idea. Federal student loan payments are currently paused....

Woman sentenced to prison in tax refund, student loan scams

Aug. 29, 2020 11:38 AM EDT

ALBANY, Ga. (AP) — A Florida woman who stole identity information of more than 2,300 people has been sentenced to three years in prison and ordered to pay nearly $340,000 in restitution to the federal government for bogus income tax refunds and student financial aid that she received. U.S. District Judge...

FILE - In this Oct. 24, 2019, file photo students walks in front of Fraser Hall on the University of Kansas campus in Lawrence, Kan. Student loan borrowers with federal debt won’t see a bill until January 2021. That means three extra months of paused payments tacked onto the original six months made possible by the coronavirus relief package. (AP Photo/Orlin Wagner, File)

What No Student Loan Payments Until 2021 Means for You

Aug. 13, 2020 7:46 AM EDT

You don’t have to make another federal student loan payment in 2020. Now is the time, though, to decide what to do before your bill arrives in January 2021. Federal student loan borrowers were already in an automatic interest-free pause on payments as part of the original coronavirus relief bill, known as...

President Donald Trump signs an executive order during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. (AP Photo/Susan Walsh)

Trump's pandemic relief orders are limited in scope

Aug. 9, 2020 7:29 PM EDT

NEW YORK (AP) — President Donald Trump's new executive orders to help Americans struggling under the economic recession are far less sweeping than any pandemic relief bill Congress would pass. Trump acted Saturday after negotiations for a second pandemic relief bill reached an impasse. Democrats...

President Donald Trump speaks during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. (AP Photo/Susan Walsh)

Trump allows some unemployment pay, defers payroll tax

Aug. 8, 2020 11:24 PM EDT

BEDMINSTER, N.J. (AP) — President Donald Trump on Saturday bypassed the nation's lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount after negotiations with Congress on a new coronavirus rescue package collapsed. Trump's orders...

McMaster withholds HBCU funds as voucher lawsuit proceeds

Jul. 29, 2020 5:55 PM EDT

COLUMBIA, S.C. (AP) — State attorneys told a judge Wednesday that South Carolina Gov. Henry McMaster is withholding pandemic relief funds to the state's historically Black colleges and universities following a lawsuit over his plan to send $32 million in tuition grants to private schools. Orangeburg County...