Lawschoolloans Newswire on Barton Fraud, Crdeit Understanding, HEA & PHEAA
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| Thursday, April 10 , 2008 |
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Kennedy Introduces Legislation That Would Alter Federal Financial Aid |
By Carina Zaragoza |
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On April 3 Senator Edward M. Kennedy (D-MA) introduced legislation that would make sweeping changes to federal financial aid. The bill, given the short name "Strengthening Student Aid for All Act," is intended to ensure students have sufficient access to financial aid, in the forms of both grants and loans.
Kennedy referred not only to the increased reliance of students on federal student loans but also to the current economic crisis as impetuses for the legislation.
"More than 6 million students relied on federal loans last year," cited Kennedy, who continued, "Americans are facing economic challenges at every turn. They see jobs disappearing, homes being foreclosed, [and] debts soaring."
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New Trend in Education Finance Counseling Programs
By Carina Zaragoza
Student indebtedness has been a hot topic as of late, and some schools are taking it upon themselves to educate their students about finance management. Some schools, such as Bowling Green State University, have implemented counseling programs that are separate from financial aid offices.
Financial aid offices will always be necessary and fulfill the role of processing aid for students to pay for the cost of attendance. However, Bowling Green's Student Money Management Services is focused on educating students about financial management matters ranging from borrowing loans to managing credit card and other types of debt. Students can make appointments to meet with counselors, who are either employed or are volunteering, to discuss basics like how to balance a checkbook as well as more substantial subjects like repaying student loans.
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Law Students: Is Internet Obsession Affecting Your Productivity?
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By Mahsa Khalilifar
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| Surf the Internet, but don't drown in it! |
With the Internet so accessible today, are younger generations relying too much on technology as a distraction? After all, students know all too much about the temptations of the Internet. With emerging Internet-based social networking groups becoming more popular with students, are we becoming a society that is consumed by the Internet? Read on to find out more about how Internet accessibility can affect law students and an Internet addiction boot camp that was launched in South Korea.
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Loan Repayment Assistance Program at NYU School of Law Improved
New York University School of Law has decided to improve its loan repayment assistance program. The law school currently has one of the nation's largest loan repayment assistance programs. The improvements, which will apply to those who graduated in 2005 and later, include a reduced program participation period for loan forgiveness, bar study loan allowances up to $10,000, and the inclusion of employer-approved parental leave as qualifying employment, among others.
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Harvard Will Waive 3L Tuition for Students Entering the Public Service Sector
Harvard has decided to waive 3L tuition for students who join public interest areas upon graduation, hoping to encourage more lawyers to practice in such areas. To be eligible students must promise to spend five years working for the government or nonprofit organizations. Said Harvard Law School Dean Elena Kagan, "We know that debt is a big issue. We have tried to address that over the years with a very generous loan forgiveness program, but we started to think that we could do better."
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