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Colorado's CollegeInvest agency, an organization in charge of state loan forgiveness and scholarship programs, is facing criticism and increased scrutiny from the state's legislature after an audit revealed conflicts of interest and a surprisingly low number of scholarship awards being made by the board. The state legislature will now require the agency to report to them monthly to ensure proper oversight of the state's scholarship and student loan funds.

Audit Reveals Problems with Colorado Scholarship Program

September 30, 2009
by Scholarships.com Staff
Colorado's CollegeInvest agency, an organization in charge of state loan forgiveness and scholarship programs, is facing criticism and increased scrutiny from the state's legislature after an audit
Student veterans still waiting on their financial aid this fall have finally gotten a bit of relief from the Department of Veterans Affairs.  The VA announced Friday that due to delays in processing requests for veterans' education benefits under the new post-9/11 GI Bill, they will be issuing emergency checks of up to $3,000 available to students whose benefits are still pending. These advances will be available through regional VA offices starting October 2, and students will need to bring a photo ID, a class schedule, and a certificate of eligibility to receive them.  The emergency funds will come out of future benefits checks due to the students.

Student Veterans May Finally Receive Fall Financial Aid

September 29, 2009
by Scholarships.com Staff
Student veterans still waiting on their financial aid this fall have finally gotten a bit of relief from the Department of Veterans Affairs.  The VA announced Friday that due to delays in processing
As the Senate prepares to begin looking at similar measures recently passed by the House to stop or further regulate bank-based lending, student-loan companies have been looking for ways to lobby for their own cause, spending millions in the process, according to an analysis of federal records done by  The Chronicle for Higher Education.

Student Loan Bill Meeting Challenges Before Senate Vote

September 28, 2009
by Scholarships.com Staff
As the Senate prepares to begin looking at similar measures recently passed by the House to stop or further regulate bank-based lending, student-loan companies have been looking for ways to lobby for
Personal savings, college endowments and college savings plans all suffered when the stock market took a nose dive last fall. Students, families and even schools who thought they were financially secure soon learned otherwise and had to scramble to come up with alternative plans to pay bills. Now that things are beginning to even out and return to a state of normalcy, those affected by the recession are looking towards recovery and assessing their long-term plans. For some college savings plans, especially guaranteed tuition savings plans, the future looks particularly bleak, even without further financial setbacks.

Guaranteed Tuition Plans No Guarantee

September 25, 2009
by Scholarships.com Staff
Personal savings, college endowments and college savings plans all suffered when the stock market took a nose dive last fall. Students, families and even schools who thought they were financially
The Common Application, which allows students to fill out one form and send it to participating schools, has been around for a while. A competitor, the Universal College Application, came out with a similar form in 2007 that attempted to draw more public schools into the mix. (The Common Application is used by nearly 400 private and public colleges, and includes additional requirements specific to schools that include elements such as essays and recommendation letters with their applications.) This week, another competitor has come into the fold, with claims that this new application will be even more accessible to public institutions and students intimidated by the college application process.

Common Application Alternative Debuts to Debate

September 25, 2009
by Scholarships.com Staff
The Common Application, which allows students to fill out one form and send it to participating schools, has been around for a while. A competitor, the Universal College Application, came out with a
For students beginning to pen those college application essays, some good news appeared in today's Inside Higher Education: several competitive colleges are shortening length requirements for the essays they ask their applicants to submit.  Along with the request for briefer essay responses, colleges are increasingly looking for informal and honest responses from students, welcome news to anyone who doesn't view formal writing as their greatest academic strength.

Colleges Request Shorter, Less Formal Application Essays

September 23, 2009
by Scholarships.com Staff
For students beginning to pen those college application essays, some good news appeared in today's Inside Higher Education: several competitive colleges are shortening length requirements for the
For-profit career colleges have had a rocky history, being met with skepticism and criticism from traditional academic institutions, as well as undergoing a great degree of government scrutiny over the years, as some institutions have been revealed to engage in a variety of questionable practices. So, when the Government Accountability Office announced an investigation of proprietary institutions that participate in federal student financial aid programs, few in the education industry were surprised. The results of these investigations were released on Monday, and they indicate that in at least some cases, distrust towards career colleges may still be warranted.

More Scrutiny of Career Colleges Recommended

September 22, 2009
by Scholarships.com Staff
For-profit career colleges have had a rocky history, being met with skepticism and criticism from traditional academic institutions, as well as undergoing a great degree of government scrutiny over
Despite some Republication opposition, The House of Representatives voted 253-171 to approve a bill Thursday that would stop lending from the bank-based Federal Family Education Loan Program in favor of the Department of Education-run Federal Direct Loans Program by July 2010. The bill, known as the Student Aid and Fiscal Responsibility Act of 2009, would also increase the current maximum Federal Pell Grant from $5,350 to $5,550 and provide for annual increases to the grant in the years to follow through a $40 billion pool of funding over the next decade.

Student Loan Bill Passes in House

September 18, 2009
by Scholarships.com Staff
Despite some Republication opposition, The House of Representatives voted 253-171 to approve a bill Thursday that would stop lending from the bank-based Federal Family Education Loan Program in favor
The House of Representatives is poised to vote today on legislation to eliminate the Federal Family Education Loan Program and increase funding for Federal Pell Grants. The bill, currently known as the Student Aid and Fiscal Responsibility Act of 2009, is widely expected to be approved by the House, possibly with some amount of bipartisan support.  While most of the provisions in the bill have relatively widespread backing, one element has generated a fair amount of controversy. Under the proposed legislation, all federal student loans, such as Stafford Loans and Plus Loans, originated after July 1, 2010 would be part of the Federal Direct Loans Program, rather than the current bank-based system.

House Votes on Student Loan Bill Today

September 17, 2009
by Scholarships.com Staff
The House of Representatives is poised to vote today on legislation to eliminate the Federal Family Education Loan Program and increase funding for Federal Pell Grants. The bill, currently known as
While it is important to make sure you choose a career in a field you would be happy and fulfilled in, it doesn't hurt to do a little investigating as part of your college search before you make your decision to see which jobs are in high demand and recession-proof. Positions with nationwide shortages in fields such as nursing and education, especially in low-income and rural communities, also often come with a wider net of scholarship and grant opportunities as incentives to attract new students. And the college-bound are taking notice.

Survive the Bad Economy, Part III: Choose Wisely

September 16, 2009
by Scholarships.com Staff
While it is important to make sure you choose a career in a field you would be happy and fulfilled in, it doesn't hurt to do a little investigating as part of your college search before you make your
According to newly released data, default rates on federal student loans continued to climb in 2008, reaching a nine-year high of 6.7 percent, most likely as a result of the recession. The annual cohort default rate, released by the Department of Education on Monday, covers federal student loans that went into repayment between October 2006 and September 2007 and had gone into default by September 2008.

Student Loan Default Rates Continue to Rise

September 15, 2009
by Scholarships.com Staff
According to newly released data, default rates on federal student loans continued to climb in 2008, reaching a nine-year high of 6.7 percent, most likely as a result of the recession. The annual
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