Archive for March, 2007

Update Status on Student Loan Legislation

Thursday, March 29th, 2007

Over the past couple of months, the U.S. Congress has been chock-full of impending student loan legislation. Just in case you have been confused, below is a summery of bills that have been introduced into the 110th Congress that originally appeared in a March 20, 2007 article briefing by Barry Stevens titled “Legislative Developments” that [...]

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Bid to Simplify the Free Application for Federal Student Aid

Thursday, March 29th, 2007

The Financial Aid Process is often thought of as a complex minefield of numbers, signatures and tax information, as just another cog in the already laborious bureaucracy of the Federal Government. However, back in September, Margaret Spellings, the U.S. Secretary of Education, started a movement to simply the process, beginning with the Free Application for [...]

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Does Bigger Mean Better in the Consolidation Business?

Thursday, March 29th, 2007

Another Student Loan Resource:
Recently, there has been lots of negative press out there regarding college financial aid officers receiving special treatment, trips or the like from student loan providers, and New York’s Attorney General Andrew Cuomo is going after such companies and individuals.
So, it is refreshing that there is some positive press to report, chiefly, [...]

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Tuition Based on Major Program

Thursday, March 29th, 2007

Another Student Loan Resource:
Right now every undergraduate student pays the same amount of tuition. Students might receive differing amounts of financial aid, but the tuition rate is the same. However, according to a March 26, 2007 article written by Elizabeth Redden titled, “Paying by the Program” that appeared in Inside Higher Ed, “The one-student, one-rate [...]

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Regardless of Cost, a College Degree Pays Off

Thursday, March 29th, 2007

Regardless of Cost, a College Degree Pays OffThe U.S. Census Bureau, on March 17, released data that could make writing that student loan repayment check a little easier: Adults with advanced degrees earn four times more than those with less than a high school diploma. The series of tables, Educational Attainment in the [...]

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Terry Introduces Married Student Debt Relief Act

Thursday, March 29th, 2007

US Representative Lee Terry (R-NE), received an email from a constituent that pointed out how individual taxpayers are allowed to deduct $2,500 in student loan interest from their taxes each year—until they marry.  Once married, the couple is only allowed to $2,500 regardless of whether both spouses are paying back individual student loans. 
In response to [...]

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Newly Minted MBAs Set to Earn Record High Starting Pay

Thursday, March 29th, 2007

Last year salaries for graduating MBAs nationwide averaged $92,360, and the average signing bonus was $17,603.  Those salaries will most likely rise for 2007 MBA graduates.  
Goldman Sachs Group Inc. and Citigroup Inc. led the way with record setting starting-pay packages of $183,000 for graduates of Stanford’s Graduate School of Business and $186,174 for Harvard Business School [...]

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