Feb 14, 2008
Lawschoolloans Newswire on Barton Fraud, Crdeit Understanding, HEA & PHEAA
Law School Loans

Thursday, February 14 , 2008
Higher Education Act Renewed
By Carina Zaragoza Print this Page
Higher Education Act Renewed

The Higher Education Act of 1965 was overwhelmingly approved on Thursday, February 7, 2008. The House of Representatives voted 354-58 to approve the reauthorization of the bill (H.R. 4137).

The key legislation, known as the College Opportunity and Affordability Act, would toughen the regulation of the student loan industry as well as simplify the financial aid award process. The legislation also puts pressure on colleges and universities to contain the rising cost of attendance.

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Continuing Trouble for Student Lenders
By Carina Zaragoza

The student loan industry is undergoing more turmoil as another lender ends its student loan program. Key lenders are also taking hits.

In recent weeks key lenders in the student loan industry have exited the Federal Family Education Loan (FFEL) Program or significantly reduced their business within the program. As reported by Law School Loans last week, College Loan Corporation will completely withdraw from the FFEL Program on March 1, 2008. In January Nelnet announced it will no longer issue new federal consolidation loans. Plus, many lenders have eliminated loan programs for several career colleges.

This problematic trend within the student loan industry shows no signs of abating as lenders continue to endure further blows.

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Valentine's Day: Don't Forget Your Loved Ones!

By Mahsa Khalilifar

Valentine's Day: Don't Forget Your Loved Ones!
Your family members wouldn't mind receiving some extra love and affection on Valentine's Day!
Valentine's Day is quickly approaching us, whether we're ready or not. Walking past those grocery store aisles of heart-shaped chocolate boxes and stuffed teddy bears with roses in their mouths, who can possibly avoid this mushy but thoughtful holiday? Some may try, but there's something to be said for embracing it.

If you're taken, Valentine's Day is in much better standing with you, but even so, many qualify it as an overrated holiday thanks to gift-giving expectations among couples.

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Consolidating Debt
Become Debt Free in Five    Years
The Benefits of Federal Loan    Consolidation
Planning for Successful    Repayment
LSL—Applications Without    Aggravation

UCLA Law Will Receive $1.5 Million

The Shapiro Family Foundation has made a commitment to the UCLA School of Law of $1.5 million. The money will go toward the Pete Kameron Endowed Chair in Law, which honors music industry legend and philanthropist Pete Kameron. Kameron, who has come to be known as a legend at the law school, is close friends with Ralph Shapiro, and together they have established the Pete Kameron Fund and the Pete Kameron Scholarship Fund at the school so far. The funds provide encouragement and support for students who are dedicated to music, entertainment, and media law.
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Touro Law School to Be Purchased?

It's reported that Stony Brook University is allegedly interested in buying Touro Law School. Touro, located in Central Islip in New York, is a smaller law school but one that has been making a name for itself. The state senate's chairman of higher education is reportedly happy about the idea of the merger. Although there is no official word yet, talks are being held regarding the future of the law school, which was formerly known as the Jacob D. Fuchsberg Law Center. If the purchase happens, Touro will become the second law school in New York's state university system, the first one being the University at Buffalo Law School. No final decision will be made until all negotiations are worked out.

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