U.S. Publishes New Student Aid Rules, Solicits Financial Aid Experiments (Inside Higher Ed)
"On Wednesday, the department published final rules to carry out changes made to student loan programs in the Higher Education Opportunity Act," Inside Higher Ed reports. "Among the many provisions, which were published in the Federal Register, include changing how student loan default rates are calculated, requiring colleges to disclose significantly more information about their relationships with lenders, and expanding loan cancellation to a slew of other fields. Also Wednesday, the department announced that it was seeking new suggestions for innovative student aid changes it should support through the reconstituted Experimental Sites Initiative."
You can read the complete Oct. 29, 2009 Inside Higher Ed article on-line.
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