Lawschoolloans Newswire on Barton Fraud, Crdeit Understanding, HEA & PHEAA
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| Thursday, January 24 , 2008 |
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No Comprehensive Analysis of Cuts to FFEL Program, Secretary Says |
By Carina Zaragoza |
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Secretary of Education Margaret Spellings asserted that she has not seen any strong evidence that the cuts to the Federal Family Education Loan Program (FFELP) have had negative impacts on students or lenders. Her remarks came after a speech made at the National Press Club on January 9, 2008. Spellings fielded questions centered on the No Child Left Behind Act, among other topics, including the state of the student lending industry.
The College Cost Reduction and Access Act of 2007, enacted on September 27, 2007, cut about $21 billion in federal subsidies to FFELP lenders. Some of these funds were reallocated to the Federal Pell Grant Program, increasing the number of awards and the amount of awards granted. Increasing Federal Pell Grant funds effectively allows more students to have access to higher education by assisting with the cost of attendance.
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Yale Expands Aid to Students
By Carina Zaragoza
Yale University announced an expansion of its financial aid program on January 14, 2008. The new plan aims to provide more assistance to those students who demonstrate the most need. The university's announcement comes a month after fellow Ivy League institution Harvard announced its new financial aid program, which redefined "middle income."
The new policy will be effective for the fall semester of the 2008-2009 academic year. Both incoming freshman and returning students will be eligible for aid under the new program. Overall, the new program will reduce the cost of attending the university by more than 50% for families with financial need.
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To Quit or Not to Quit: Law School Doubts
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By Mahsa Khalilifar
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| Nobody said law school would be a stroll on easy street; sometimes you really do have to take the good with the bad to reach the necessary outcome. |
When things get rough, a lot of times we feel the need to run away from our problems. We run to the nearest friend, family member, or self-help program to help get rid of our worries and fears.
There are many sources to assist us with our troubles in such situations. If you're hooked on drugs, you hit the rehab center for help. When you're trying to kick that smoking habit, you run to the nearest pharmacy and purchase the latest nicotine patch. When you're stressed out beyond belief, perhaps you head to a yoga session.
What happens, though, when your entire life gets a bit overwhelming? There is no patch, no center, no class, and no band-aid for that little thing we call real life.
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One-Year Challenge from Law School Alumnus
Alumnus of Capital University Law School Thomas R. Baruch has come up with a $200,000 challenge to support the school's Professor Emeritus John E. Sullivan professorship. The matching challenge will end on December 31, 2008. When it is a success, it will reach the minimum $500,000 needed to create the Sullivan professorship. Those who wish to donate funds in response to the challenge must be J.D. graduates of Capital University Law School.
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Largest Law School Creates New Campus
The Thomas M. Cooley Law School in Lansing, Michigan, has opened up a new campus in nearby Auburn Hills. More than 600 students will study at the new campus, which is on a 67-acre area and includes green building sections. The school will also add 2,000 square feet to the campus within the next 12 months.
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