Nonprofit Student  Lenders Scrutinized
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The chairman of the House education committee called yesterday for an investigation into whether nonprofit student loan companies are abusing their tax-exempt status.
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Regulators are set to rule on whether a fee-paying school should continue to enjoy charitable status.
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Under the program the Education Department received names from the F.B.I. and checked them against its student aid database, forwarding information.
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Smaller banks find problems in some commercial real estate loans.
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Fourteen firms are under scrutiny for possible accounting fraud, insider trading or other violations tied to loans made to borrowers with weak, or subprime, credit.
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A Saint Anselm College official said the US Senate committee report on student lending practices published a 2003 e-mail that incorrectly said Providence-based Citizens Bank was its exclusive lender, and denied any improprieties stemming from the bank's donation to the school. The report issued by US Health, Education, Labor and Pensions Committee chairman Edward M. Kennedy cited the gift as ...
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The pace of ever-rising college costs has slowed somewhat this year, and students are relying more on private loans rather than grants or other federal sources to finance their education, according to two new studies.
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Student lending company SLM Corp  , or Sallie Mae, said on Wednesday the U.S. Securities  and Exchange Commission is investigating the company's  disclosures in December 2007, before and after executives and  directors traded in its stock.
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A Senate report showed that gifts and payoffs to universities and their officials by student lenders were far more pervasive than had been disclosed.
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When it comes to paying for college, cash-strapped families have had a few good tidings of late. A string of elite, private colleges have announced major boosts in financial aid.
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As tuition has soared past the limits on federal aid, more students are relying on barely regulated private loans.
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The nation&#39;s colleges and universities are losing ground on affordability and access, according to a national report released yesterday by an independent nonprofit organization.
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Three Connecticut schools have agreed to donate tens of thousands of dollars to scholarship funds to settle allegations they received benefits in exchange for giving preferred-lender status to a student loan company.
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There's a temptation to gauge the generosity of a community by the number of million-dollar donations made to the local symphony or university, or the number of fundraising records set by the annual cancer ball or school auction. And until recently, thanks to a booming economy and real estate mar...
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In the next few weeks leading up to Election Day, money will pour into candidates' coffers and voters will be able to see which lobby groups are trying hardest to buy their lawmakers' favor. The Sunlight Network is offering cash to citizens who do what it thinks is the "right thing." The nonprofit...
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New York Attorney General Andrew Cuomo has expanded a probe of whether lenders encourage colleges to steer student borrowers their way, sending letters to more than 50 educational institutions, a person familiar with the matter said on Thursday.
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Nonprofit groups are stepping into an industry that has been widely criticized as predatory but that has reached as many as one in 20 Americans.