Latest Student financial aid News

How the Federal Reserve's rate hikes affect your finances

Jul. 27, 2022 18:04 PM EDT

WASHINGTON (AP) — Higher mortgage rates have sent home sales tumbling. Credit card rates have grown more burdensome, and so have auto loans. Savers are finally receiving yields that are actually visible, while crypto assets are reeling. The Federal Reserve's move Wednesday to...

Ex-Virginia school administrator gets 5 years for fraud

Jul. 20, 2022 09:45 AM EDT

RICHMOND, Va. (AP) — A Richmond woman was sentenced Tuesday to more than five years in prison for directing a yearslong scheme to defraud state and federal officials of at least $230,000 in student financial aid funds, a prosecutor said. Court documents showed that Kiesha Pope, 48,...

Editorial Roundup: Nebraska

Jul. 18, 2022 00:39 AM EDT

Lincoln Journal Star. July 13, 2022. Editorial: Pell Grants have allowed thousands of Nebraskans to go to college His name is unknown to most, but few have done more for higher education than the late Claiborne Pell, a six-term senator from Rhode Island. ...

Seattle considers bonuses, tuition help to attract police

Jul. 13, 2022 19:28 PM EDT

SEATTLE (AP) — Seattle Mayor Bruce Harrell announced a $2 million plan Wednesday for dealing with what he described as a critical shortage of police officers in the city, including recruitment bonuses, reimbursement of moving costs and possible tuition assistance. Seattle has lost...

What to know about public service loan forgiveness

Jul. 08, 2022 16:08 PM EDT

NEW YORK (AP) — More than 145,000 U.S. borrowers have had the remainder of their student loan debt canceled through the Public Service Loan Forgiveness program, and officials say many more likely qualify. The Public Service Loan Forgiveness program, launched in 2007 to steer more...

Work at a school or nonprofit? You could erase student loans

Jul. 08, 2022 13:53 PM EDT

NEW YORK (AP) — When Melissa Martinez applied to have her student loan debt forgiven more than a decade ago, the U.S. Department of Education told her she was ineligible. Martinez, a professor, tried again this past year and managed to erase the last $6,000 she owed for her...

More flexibility proposed for student debt forgiveness

Jul. 06, 2022 16:50 PM EDT

New rules proposed by the Biden administration on Wednesday would make it easier for borrowers to get their federal student debt forgiven through several existing programs. The action is intended to overhaul relief programs that have been criticized for their burdensome paperwork...

Editorial Roundup: Mississippi

Jun. 29, 2022 23:54 PM EDT

Greenwood Commonwealth. June 25, 2022. Editorial: Success Mixed On Teen Births As with a lot of indicators about the well-being of people in Mississippi, this state has made significant progress in reducing the number of teen births, but it still has a long way to go....

Settlement would forgive $6B for defrauded college students

Jun. 23, 2022 16:37 PM EDT

The Biden administration has agreed to cancel $6 billion in student loans for about 200,000 former students who say they were defrauded by their colleges, according to a proposed settlement in a Trump-era lawsuit. The agreement filed Wednesday in San Francisco federal court would...

Is 'learn now, pay later' just another student debt trap

Jun. 23, 2022 11:43 AM EDT

The “ buy now, pay later ” transaction is simple: Shoppers are offered an installment loan at the point of purchase, spreading the cost of the product across several payments. They’re often available without a credit check. Buy now, pay later financing has become a go-to...