Lawschoolloans Newswire on Barton Fraud, Crdeit Understanding, HEA & PHEAA
|
|
 |
|
|
|
|
|
|
| Wednesday, February 20 , 2008 |
|
|
New Jersey Loan Guarantor and Attorney General Reach Settlement |
By Carina Zaragoza |
 |
|
|
|
|
|
|
|
|
|
|
The New Jersey Higher Education Student Assistance Authority (HESAA) and the New Jersey Attorney General have reached an agreement that ends an investigation into the loan guarantor's business dealings with two Federal Family Education Loan Program (FFELP) lenders. The details of the agreement were announced in a press release posted on the New Jersey Office of the Attorney General's website.
The state's attorney general, Anne Milgram, and U.S. Senator Edward M. Kennedy (D-MA) opened an investigation last May into the arrangements between the HESAA and two FFELP lenders, Sallie Mae and Nelnet. The investigation examined the legality of the arrangements, which resulted in the HESAA receiving about $2.2 million per year from the lenders. The monies were a percentage of the volume of the loans steered towards the lenders by the HESAA. These business practices may have been in violation of the New Jersey Consumer Fraud Act, prompting the investigation.
read more
|
|
|
|
|
|
|
|
|
|
MHESLA Discontinues Loan Program
By Carina Zaragoza
The Michigan Higher Education Student Loan Authority (MHESLA) has announced the discontinuation of a loan program that was made available only to students attending Michigan colleges and universities. The loan program has been put on hiatus and has not been terminated completely.
The MHESLA indicated the loan program would be discontinued at the close of business on Friday, February 15, 2008. Applications were no longer accepted after close of business on Wednesday, February 13, 2008. Any loan applications received prior to this date, if approved, will be honored and disbursed as outlined in the program.
The MHESLA cited "current and unprecedented capital markets disruption" as the impetus for discontinuing the loan program.
read more
|
|
Saving Students: How to Budget
|
 |
By Mahsa Khalilifar
 |
| Financial expert Ted Lakkides advises law students to budget ... |
Students face a lot of hardships. Not only do they have to focus on their studies, but they also have to focus on their spending — just one more thing to add to that growing pile of stress triggers. Sure, "everyone can get by with a couple of pieces of pizza and a beer," jokes Ted Lakkides, president of Cygnet Financial Freedom House in Michigan, but it's obviously not the way to go forever.
Lakkides quickly adds that there's more to saving than students may think.
read more
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
Administrators at Kentucky Law School Resign in Light of Financial Troubles
Three school administrators at Paducah, Kentucky's American Justice School of Law resigned on February 11 after a retired surgeon elected to buy the school in a bid to save it from its ongoing financial losses. Dean and founder Paul Hendrick, Associate Dean Jerrod Turner, and Chairman of the Board of Directors Wayne Shelton all resigned in accordance with a plan proffered by Dr. Robert Meriwether in the hope that the school may be rescued from severe economic downfall. Founded in 2005, American Justice is currently seeking accreditation after being denied provisional accreditation by the ABA in August 2007.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yale Law School Housing Steadily Declines
Yale Law School may be one of the best legal education institutions in the nation, but its housing situation has deteriorated beyond the point of recovery — at least for now. Recently, the school's last remaining dormitories closed their doors. The school has witnessed a steady decline in the number of available beds in its dorms over the last decade: in 1994 there were 154 available beds; by 2004 the number had fallen to 56; and last year there were just 23. The closing of the Sterling Law Building dormitories will mark the first time no students have lived there since the law school complex was built in 1931. Former dormitories have been converted into office and clinic space. According to current plans, the university intends to unveil new dormitory housing by 2012.
read more
|
|
|
|
To ensure that the Law School Loans Newswire is delivered to your Inbox, please add registration@lawschoolloans.com to your address book.
If you wish to unsubscribe from the Law School Loans Newswire, notify us here.
©2008 Law School Loans. All rights reserved.
Office: 175 South Lake Ave., Suite 200, Pasadena, CA 91101.
|
|
|
|
|
|
