Latest Education costs News

Trump appoints student loan industry exec to watchdog job

Aug. 16, 2019 3:41 PM EDT

NEW YORK (AP) — The Trump administration has hired a longtime student loan industry executive to be the federal government's top watchdog for the $1.5 trillion student loan market. Robert Cameron will serve as the Consumer Financial Protection Bureau's new student loan ombudsman, the bureau said Friday....

Million-dollar opioid drug ring started small, No. 2 says

Aug. 15, 2019 4:52 PM EDT

SALT LAKE CITY (AP) — A man who prosecutors call the second-in-command of a multimillion-dollar online opioid drug ring said Thursday the operation started small, when he needed cash for student loans so he let his roommate sell his prescription Adderall. Drew Crandall, 33, said the dark-web operation run...

Consumer credit up $14.6 billion, slowest in 3 months

Aug. 7, 2019 3:21 PM EDT

WASHINGTON (AP) — Consumer borrowing slowed in June to the smallest increase in three months as a jump in auto loans and student loans was offset by a big drop in borrowing on credit cards. Overall consumer borrowing increased by $14.6 billion in June after a $17.8 billion advance in May, the Federal...

Quinton Lucas sworn in as Kansas City's new mayor

Aug. 1, 2019 11:18 AM EDT

KANSAS CITY, Mo. (AP) — Kansas City has inaugurated Quinton Lucas as its new mayor. Lucas took office following a swearing-in ceremony Thursday morning at City Hall. Lucas, a 34-year-old black man, succeeds two-term Mayor Sly James. He defeated outgoing Councilwoman Jolie Justus in the mayor's race in...

University of Missouri investigates financial aid loophole

Jul. 31, 2019 12:48 PM EDT

COLUMBIA, Mo. (AP) — A spokesman for the University of Missouri's flagship campus in Columbia says the school has identified fewer than 10 students whose parents may have taken advantage of a financial aid loophole. At issue is a practice of wealthy parents transferring guardianship of their children to...

Loophole allows families to get aid meant for needy students

Jul. 30, 2019 8:46 PM EDT

The U.S. Education Department is being urged to close a loophole that has allowed some wealthy families to get federal, state and university funding that's meant to help needy students. Federal authorities were notified last year that some parents in Illinois were transferring custody of their children to friends...

Feds find potential fraud in student loan repayment plans

Jul. 25, 2019 6:50 PM EDT

Tens of thousands of federal student loan borrowers may be getting their monthly payments lowered by lying about their income and family size, yet the U.S. Education Department is doing little to catch them, according to a report released Thursday by a federal watchdog agency. Among the most extreme cases...

Is your debt 'good' or 'bad'? It depends

Jul. 25, 2019 10:51 AM EDT

Are student loans good debt that can open the door to a career or an insurmountable burden? Is all credit card debt a sign of reckless spending, or can it be a smart way to cover an expense? In general, no form of debt is inherently "good" or "bad." What makes it good or bad is how it fits into your overall...

All-girls school becomes 1st in US with varsity esports

Jul. 23, 2019 2:50 AM EDT

As a liaison at the U.S. Department of Education, J Collins watched as colleges by the dozen rolled out varsity esports programs, complete with scholarships, coaches and even some arenas. Collins had a gnawing concern: Gaming was beginning to have an impact on education, and at least anecdotally, the benefits...

Missouri officials announce increase in college scholarships

Jul. 19, 2019 11:18 AM EDT

COLUMBIA, Mo. (AP) — Missouri higher education officials say more college students are expected to receive merit-based state scholarships this year and students who qualify for a need-based scholarship will get more money. The Department of Higher Education on Friday announced it's planning on giving 7,800...