Feb 15, 2007
Lawschoolloans Newswire on Barton Fraud, Crdeit Understanding, HEA & PHEAA
Law School Loans

Thursday, February 15 , 2007
President Bush Delivers Education Budget
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Stack of Dollar
In his recent announcement of the 2008 Education Budget, Bush addressed an anticipated Pell Grant increase. The maximum Pell Grant will jump to $4,600 in the upcoming fiscal year and will increase to $5,400 by 2012. Bush will back this increase by allocating and reorganizing funds from other grant programs and tapping into bank profits.
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New PHEAA Chairman
The Pennsylvania Higher Education Assistance Authority (PHEAA) is in the press once again, this time because it has announced the appointment of a new chairman. William F. Adolph, Jr., was elected to be the next Chairman of the PHEAA Board of Directors; he will be the seventh board chairman in PHEAA's history.
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Post-J.D. Programs Allow Students to Further Their Education and Get a Leg up on the Competition

By Heather Jung

Post-J.D. Programs Allow Students to Further Their Education and Get a Leg up on the Competition
According to the American Bar Association (ABA) website, there were 9,638 J.D. degrees awarded in 1963. By 1984, the number had skyrocketed to more than 36,000, and in 2006, the number of J.D. degrees awarded reached an all-time high of 42,673. With that many competitors vying for the same jobs, new attorneys and practicing attorneys alike are looking for ways to set themselves apart from the pack.
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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
Student Loan Sunshine Act in the Senate

Democratic Senators Edward M. Kennedy and Richard J. Durbin are trying to push a companion bill to the Student Loan Sunshine Act, which is aimed at cleaning up unethical relationships between student lenders and institutions, through the Senate. The act is designed to protect students and parents from being exploited by private lenders and to restrict private lenders from bribing institutions in order to secure business. While defending the act, Senator Durbin stated that an institution's first obligation is to help its students, not private lenders.
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President Bush's Pell Grant boost

President Bush has released the 2008 financial year budget, which proposes to increase the maximum Pell Grant amount to $4,600 in 2008. This is the largest increase in more than three decades. The budget also proposes an increase of the maximum grant to $5,400 by 2012. Furthermore, it suggests increasing the amount juniors and seniors can borrow in the form of student loans each year by $2,000.
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