Lawschoolloans Newswire on Barton Fraud, Crdeit Understanding, HEA & PHEAA
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| Thursday, April 26 , 2007 |
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Arizona Graduate Student Loan Debt Reaches an All-Time High |
By Brooke Heath |
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Student loan debt for graduate students in Arizona has reached a new high. According to Higher Education Washington, Inc.'s NewsLine, the average graduate-degree recipient is currently carrying almost $34,000 in student loan debt, reflecting an increase of $7,000 over the past 10 years.
The increase in graduate student loan debt is a direct result of higher tuition and fees at colleges and universities as well as an increase in student-loan interest rates and the rising cost of living, according to university officials. They also claim that high-tuition majors, such as law, dentistry, and medicine, have helped to drive the average debt up to its current amount.
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Sponsored by EdFed
Chairman Miller Calls on Secretary Spellings to Take Action to Improve the Student Loan Industry
By Brooke Heath
Last week, U.S. Rep. George Miller (D-CA), Chairman of the House Education and Labor Committee, called on Department of Education Secretary Margaret Spellings to take immediate action to improve the operations of the federal student loan programs.
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The ACLU Appeals Verdict in Its Case Against the Higher Education Act
By Brooke Heath
Last week, the American Civil Liberties Union (ACLU) filed an appeal asking a federal court to reconsider its verdict in a case challenging the Higher Education Act's Aid Elimination Penalty. This penalty denies financial aid to any student who has been convicted of a drug offense. The ACLU argues that the penalty is unconstitutional and has asked the court to take another look at the constitutional validity of the act.
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Distance Education: Bringing Law School into Your Living Room
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By Heather Jung
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Law schools across the country are finding that distance education can be beneficial when it comes to providing highly specialized classes and topics. |
What is distance education, and who is offering it?
Personal computers and the Internet have provided people with opportunities they never before dreamed they would have: the chance to shop from the convenience of one's home, the chance to meet the love of one's life, the chance to become a superstar (thanks to YouTube and the like), and, now, the chance to further one's education. Many law schools have realized the true potential of the Internet and have jumped on the distance education bandwagon.
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Spellings suspends access to student loan database for lenders
The Department of Education has decided to suspend lenders' access to the student loan database. This was announced in a letter sent by Secretary of Education Margaret Spellings to Senator Edward M. Kennedy, Chairman of the Senate's Health, Education, Labor, and Pensions Committee. Spellings' letter was sent in reply to a letter sent by Kennedy urging a shutdown of the National Student Loan Data System. Reports suggest that some lenders have been using the database to collect private student information for marketing purposes.
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UT system asks its colleges to stop using preferred lender lists
The University of Texas system will no longer allow schools to maintain preferred lender lists. An email sent by the university system's lawyer asks the system's 15 campuses to stop using preferred lender lists when advising students seeking loans. The email orders the universities to remove such lists from their websites and desist from distributing them to students. Financial aid officials have also been asked to report kickbacks they have received from lenders.
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