Latest Student financial aid News

Kentucky House approves $35M loan for hospital acquisition

Feb. 13, 2020 7:39 AM EST

FRANKFORT, Ky. (AP) — Lawmakers in the Kentucky House approved a bill to loan $35 million to the University of Louisville to support its acquisition of a health care system which includes a hospital. The statehouse voted 86-7 on Wednesday to pass House Bill 99, news outlets reported. The university...

President Donald Trump's budget request for fiscal year 2021 arrives at the House Budget Committee on Capitol Hill in Washington, Monday, Feb. 10, 2020. (AP Photo/J. Scott Applewhite)

Trump's $4.8 trillion budget proposal revisits rejected cuts

Feb. 10, 2020 5:22 PM EST

WASHINGTON (AP) — President Donald Trump unveiled a $4.8 trillion election year budget plan on Monday that recycles deep, previously rejected cuts to domestic programs like food stamps, Medicaid, and housing as the recipe for wrestling the federal budget back into balance. Trump’s fiscal 2021 plan...

FILE - In this April 3, 2019, file photo a tip box is filled with U.S. currency in New York.  Refinancing can pay off your existing student loans, replacing them with a new loan with new terms and a single payment. Some private refinance lenders allow you to consolidate your loans with your spouse’s or co-sign a loan for him or her. This may benefit you if you wouldn’t qualify for refinancing on your own. But combining or co-signing loans puts you on the hook for the entire debt.  (AP Photo/Mark Lennihan, File)

Should your student loans and your spouse’s get hitched?

Feb. 6, 2020 2:19 PM EST

Multiple studies have shown that student debt can cause borrowers to delay getting married. For some borrowers, though, marriage could actually be a gateway to paying less. You can save money by refinancing student loans, but not everyone qualifies. If your better half has a better financial profile, you can...

FTC: Consumer finance website favored companies that paid

Feb. 5, 2020 2:40 PM EST

DOVER, Del. (AP) — A personal finance website founded by former University of Delaware students has agreed to pay $350,000 to settle allegations that it posted fake reviews and steered users toward companies that paid the site, according to federal regulators. The Federal Trade Commission on Monday...

Pennsylvania Gov. Tom Wolf delivers his 2020-21 budget address in the House of Representatives as Speaker Mike Turzai, left, and Lt. Gov. John Fetterman look on, Tuesday, Feb. 4, 2020, in Harrisburg, Pa. (Joe Hermitt/PennLive/The Patriot-News via AP)

Governor's budget pushes for aid for schools, college debt

Feb. 4, 2020 4:30 PM EST

HARRISBURG, Pa. (AP) — Pennsylvania Gov. Tom Wolf is taking aim at student debt and aging public school buildings while continuing a charge to boost public schools and early-childhood education in a budget proposal rolled out Tuesday. The Democrat's plans face a skeptical Republican-controlled...

Family gets 55,000 duplicate letters from loan company

Feb. 3, 2020 3:03 PM EST

An Ohio man is pondering what to do with the 55,000 duplicate statements addressed to his home by a student loan company. Dan Cain said he was suspicious when a postal worker in Twinsburg, Ohio, told him recently that his mail wouldn't fit through the front door of the office. When Cain drove his truck around to...

What to watch for in Pennsylvania governor's budget proposal

Feb. 1, 2020 3:48 PM EST

HARRISBURG, Pa. (AP) — Gov. Tom Wolf's sixth budget proposal to Pennsylvania's Republican-controlled Legislature will come out Tuesday, and the Democrat is expected to seek more money for public schools and emphasize the urgency of addressing student-loan debt and cleaning up lead and asbestos in...

Bill to assist UofL with acquisition clears House panel

Jan. 21, 2020 7:13 PM EST

FRANKFORT, Ky. (AP) — The University of Louisville's request for a $35 million state loan to assist in its purchase of Jewish Hospital started advancing in the Kentucky legislature on Tuesday. The measure cleared the House Appropriations and Revenue Committee with bipartisan support. The bill has plenty of...

Senate lawmakers consider public defender loan repayments

Jan. 20, 2020 10:33 AM EST

COLUMBUS, Ohio (AP) — An Ohio Senate committee is considering a bill that would create a student loan repayment program to help recruit and retain attorneys to serve as much needed public defenders in the state. The proposed program is similar to those in Ohio aimed at encouraging physicians, dentists and...

UC proposes annual tuition increases over five years

Jan. 17, 2020 2:55 PM EST

LOS ANGELES (AP) — The University of California is considering annual tuition increases over five years under a sweeping plan to raise more money for financial aid and campus needs. UC regents will consider two plans to raise fees at their meeting next Wednesday in what could be the second fee increase in...