Lawmakers Continue Crusade To Rein In For-Profit Colleges Targeting Servicemembers

Lawmakers Continue Crusade To Rein In For-Profit Colleges Targeting Servicemembers

In recent months federal regulators and government agencies have increased scrutiny of for-profit colleges and their interactions with servicemembers, veterans and their families. Today, lawmakers furthered that mission by introducing legislation that would restore previous limits on how much money these educational institutions can receive from the federal government via military benefits and other programs.  [More]

Starbucks Expands Tuition Program To Cover Spouses & Kids Of Military Employees

Starbucks Expands Tuition Program To Cover Spouses & Kids Of Military Employees

Since announcing a tuition reimbursement program for its workers in June 2014 – and an expansion to cover four years of schooling – Starbucks has sent more than 4,000 employees on a path toward an online bachelor’s degree from Arizona State University. Now, the company plans to expand the offering once again: covering the full tuition for a spouse or child of a veteran or active-duty servicemember working for the mega-coffee chain.  [More]

(Coyoty)

New Test Program Lets You Use Federal Loans To Pay For Intensive Career & Coding Training

If you want to boost your resume by taking one of those intensive “bootcamp” training programs but don’t have the funds to pay for it, a new experimental offering from the Department of Education would allow you to use federal student loans to cover the cost. [More]

(Joachim Rayos)

Colleges Paying Sketchy Agents To Recruit Rich Foreign Students

With schools looking for ways to bolster their bottom lines without having to rely on federal funding, a growing number of colleges are paying recruiters to bring in well-heeled students from overseas — even though some of these agents have been caught trying to fake applicants’ transcripts. [More]

(Great Beyond)

Federal Perkins Student Loan Program Set To Expire At Midnight

After 57 years of assisting nearly 20 million low-income students to finance their dreams of obtaining a higher education, the Federal Perkins Loan program could soon be grinding to a halt.  [More]

Bill Would Restore Pell Grant Eligibility For Students Who Attended Defunct For-Profit Colleges

Bill Would Restore Pell Grant Eligibility For Students Who Attended Defunct For-Profit Colleges

The Federal Pell Grant Program provides need-based grants to low-income students to help pay for college, but the funds come with limitations: They are only available for six years or 12 semesters, and when that time is up the funding is gone. So when now-bankrupt Corinthian Colleges Inc. abruptly closed its Wyotech, Heald College and Everest University campuses in April, thousands of students who relied on Pell money were left with few options for continuing their education elsewhere. A new piece of legislation aims to help these stranded students get back on track. [More]

For-Profit Colleges Lead The Way On Loan Defaults: Report

For-Profit Colleges Lead The Way On Loan Defaults: Report

During the Great Recession, the growing industry of for-profit colleges promised millions of Americans a path to a higher education. But the high tuitions charged by many schools sent U.S. student loan debt soaring to more than $1.2 trillion. A new report claims that while for-profit schools charged top-dollar, many students were getting a cut-rate education, making it difficult to obtain jobs that will allow them to pay down this debt.
[More]

Corinthian Students Continue To Wait For Debt Relief As Department Of Ed. Reviews More Than 7,800 Claims

Corinthian Students Continue To Wait For Debt Relief As Department Of Ed. Reviews More Than 7,800 Claims

The tens of thousands of students seeking debt relief from the federal government after for-profit education chain Corinthian Colleges Inc. closed its Everest University, WyoTech and Heald College campuses, will have to wait a little longer, the Department of Education said Thursday as it provided an update on the number of federal student loans it has discharged and that are currently under consideration. [More]

Servicemembers At Failing For-Profit Schools Not Protected By Veterans Affairs

Servicemembers At Failing For-Profit Schools Not Protected By Veterans Affairs

When a for-profit college closes its doors, students are often left with hefty student loan tabs and little recourse. Some of those borrowers may be eligible for a discharge of their debts through the Dept. of Education, but others – like the thousands of veterans who used their GI Bill benefits to finance their education – are simply out of luck, often losing their chance to obtain a degree, thanks in part to failures within the Department of Veterans Affairs. [More]

Prisoners Will Soon Be Eligible For Pell Grants To Finance Education

Prisoners Will Soon Be Eligible For Pell Grants To Finance Education

Twenty years after passing a law that banned prisoners from financing higher education with federal grants while incarcerated, the government is ready to begin investing in the education of inmates. [More]

When Comparing Colleges, It Would Help To Know If A School Is Under Investigation

When Comparing Colleges, It Would Help To Know If A School Is Under Investigation

Many consumers thinking of pursuing a higher education weigh the pros and the cons of a specific college: tuition, convenience, available areas of study. Last month, the Department of Education announced it would make the college shopping experience a little easier for prospective students by creating a consumer-facing online college comparison system. While the tool will no doubt be helpful, consumer advocates warn that, as it stands, the system will be missing a vital information: whether or not schools are party to investigation, lawsuits or settlements over harmful and deceptive practices. [More]

CFPB Releases Educational Guides To Help Non-English Speakers Avoid Scams, Understand Financial Issues

CFPB Releases Educational Guides To Help Non-English Speakers Avoid Scams, Understand Financial Issues

Understanding the world of finance can be difficult for just about anyone in this country, but especially so when the rules of the industry are written in a language that you might not be proficient in. For these consumers, the Consumer Financial Protection Bureau has created a new set of guides aimed at helping them avoid financial devastation. [More]

House, Senate Introduce Legislation To Cover The Cost Of Community College

House, Senate Introduce Legislation To Cover The Cost Of Community College

Back in January, the White House proposed a plan to help offset the increasing cost of higher education for millions of prospective students: Offer free community college. Yesterday, companion bills introduced in the House and Senate take that idea and make it a reality. [More]

Oregon Becomes Second State To Offer Free Tuition To All Graduating High School Students

Oregon Becomes Second State To Offer Free Tuition To All Graduating High School Students

Thousands of recent high school graduates in Oregon now have the chance to attend community college without the worry of accumulating loads of debt they may never be able to pay back, as lawmakers in the state recently approved a bill to establish the second program in the country to offer students help in paying for college. [More]

(Lisa Brewster)

New Jersey Legislation Would Create Student Loan Lottery To Let You Gamble Away Your Debt

While lottery proceeds may do an awful lot of good for state coffers, the odds of winning are microscopically small, and anyone who has lived in a poverty-stricken neighborhood has likely seen people who can’t afford to lose any money throwing away what little they have on a nose hair’s chance that they might win something. So why not apply that same model to the $1 trillion student loan debt problem? [More]

Senators Introduce Legislation To Close Federal Funding Loophole Exploited By For-Profit Colleges… Again

Senators Introduce Legislation To Close Federal Funding Loophole Exploited By For-Profit Colleges… Again

Legislators continued their crusade to rein in the abuses of predatory for-profit college institutions by introducing a measure today that would close a funding loophole that often led the schools to target certain consumers in order to pad their bottom line. [More]

Health Insurer Anthem Offering Employees Free College

Health Insurer Anthem Offering Employees Free College

What do Fiat Chrysler, Starbucks and health insurer Anthem have in common? As of today, they each offer to foot the bill for their employees to attend college. [More]

(bluwmongoose)

Executives For The World’s Largest Diploma Mill Arrested

Less than two weeks after an investigative report detailed how a Pakistan-based IT company allegedly raked in millions of dollars a month by selling bogus diplomas, degrees and certifications through a series of fake websites and forceful sales calls, authorities in the country say they’ve arrested the chief executive of Axact. [More]