Rich Colleges Leave Students with Crushing Debt. Republicans Want to Fine Them for It.

"When it comes to leaving students with crushing debt they can’t repay, America’s richest colleges and universities are often the worst perpetrators. Under a new congressional bill, those institutions could face millions in fines if they don’t start giving students a better deal," USA Today reports.

...Karen McCarthy, the vice president of public policy and federal relations at the National Association of Student Financial Aid Administrators, said colleges are still parsing through the bill. She said her group is waiting to hear feedback from more schools.

'We’re always on the lookout for unintended consequences,” she said. “With any bill of this size, we always have things that we like and areas of concern.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 1/29/2024

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