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Field, Kelly – Chronicle of Higher Education, 2008
It took five years, dozens of drafts, and a total of 14 extensions, but Congress last week was finally on the verge of passing a bill to renew the Higher Education Act, the major law governing federal student aid. The bill, after approval by the U.S. House of Representatives, was headed to the Senate, where a final vote was planned for late last…
Descriptors: Educational Legislation, Federal Legislation, Higher Education, Federal Aid
Field, Kelly – Chronicle of Higher Education, 2007
In December 2005, purchasing agents at Florida International University issued a request for proposals seeking banks and student-loan companies for a list of "preferred lenders" that the university planned to give to prospective borrowers. The request alone was not unusual. Many colleges use competitive bidding to secure attractive terms…
Descriptors: Student Financial Aid, Student Financial Aid Officers, Conflict of Interest, Student Loan Programs
Field, Kelly – Chronicle of Higher Education, 2007
The Senate education committee approved a pair of bills that would reduce government subsidies to student-loan companies, increase student aid, and set higher-education policy for the next five years. The Senate's budget-reconciliation measure would use the savings derived from reducing subsidies to student-loan companies to pay down a portion of…
Descriptors: Federal Legislation, Student Loan Programs, Student Financial Aid, Federal Aid