Mar 08, 2007
Lawschoolloans Newswire on Barton Fraud, Crdeit Understanding, HEA & PHEAA
Law School Loans

Thursday, March 8 , 2007
CBO Issues Report That May Affect Higher Education
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The Congressional Budget Office (CBO) recently issued its biennial report of budget options to aid policymakers with making decisions on budgets, setting priorities, and dealing with altering circumstances. This report presents several options that may have positive and negative effects on higher education. The CBO examined topics such as Pell Grants, PLUS Loans, subsidized loans for graduate students, and tax credits for educational costs.

The Pell Grant program, the single largest source of federal grant aid for postsecondary education, was closely examined in the report.
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Eight Plead No Contest To Student Loan Fraud Charges
Last week in Los Angeles, eight people pled no contest with regard to their involvement in a scam aimed at fraudulently taking out more than $200,000 in student loans from the federal government.

Ranging in age from 26 to 63 years old, the defendants were sentenced to serve three years' probation, 90 days in jail, or 45 days of work each according to the Los Angeles City Attorney's Office.
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Everyone Deserves a Little Vacation

By Jen Woods

Everyone Deserves a Little Vacation

Law students need vacations, too.
If you're like many law students, the farthest you've traveled recently is to the library. Successful law students are notorious for their dedication and self-discipline, but all of that hard work and sacrifice deserves a little reward now and then. So why not take a vacation? Believe it or not, law students have many opportunities to travel.

Whether you want to soak up the sun, sightsee, or experience an adventure, there's a vacation for you.
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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
House passes Pell Grant Equity Act

Introduced by Representatives George Miller and Howard McKeon, the Pell Grant Equity Act (H.R. 990) has been approved by the U.S. House of Representatives. The act repeals a rule that limits Pell Grant aid for thousands of low-income students attending low-cost higher education institutions. The rule, which is referred to as "tuition sensitivity," reduces annual maximum Pell Grant scholarships for eligible students based on their tuition costs.
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Financial aid gurus continue to voice their support for FFELP

Financial aid administrators at higher education institutions across the nation continue to speak out in support of the Federal Family Education Loan Program (FFELP). The private-sector student-lending program faces cuts as legislators are proposing to offer additional Pell Grant funds as incentives to schools that switch from FFELP to the Federal Direct Loan Program. Some financial aid administrators contend that after a $12 billion cut in student lending last year, the financial aid scenario has not stabilized and that further cuts could worsen the situation.
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