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Financial Aid in the News

Rescue Plan Appears To Be Helping Lenders And Colleges (The Chronicle of Higher Education)

"After months of turmoil, life appears to be getting better throughout the land of student lending. At least for the colleges and the lenders," The Chronicle of Higher Education reports. "For student borrowers, the results of the recent federal loan-rescue plan and other changes in student-aid law may be more mixed. [T]he nation's largest private university, the for-profit University of Phoenix, announced tuition increases that will coincide with higher federal loan limits for students. Also, the Education Department, in issuing new terms for the lender rescue plan it announced on May 21, may have set the stage for some lenders to reduce or eliminate the benefits they provide to student borrowers."

You can read the complete June 13, 2008 Chronicle of Higher Education article on-line. A paid subscription may be required.

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