Industry News

Friday, September 05, 2008

Student Loans
College Loan Corporation will "cease all private loan disbursements effective immediately" said CEO Cary Katz in a letter to financial aid officers, reports the Wall Street Journal. "Regrettably, our financing from a large New York bank was abruptly canceled yesterday."
Friday, September 05, 2008

Student Loans
New York State Attorney General Andrew Cuomo plans to sue Goal Financial for luring student loan borrowers with iPods, cash and other gifts, reports The New York Times. Cuomo also claims that the student loan company misled customers about loan terms and benefits.
Friday, September 05, 2008

Academics
The Johns Hopkins University will offer an online certificate in geographic information systems starting in fall 2008.
Friday, September 05, 2008

Institutes & Research
78 percent of Americans believe that students have to borrow too much money to pay for college. Source: The National Center for Public Policy and Higher Education
Friday, September 05, 2008

Overheard
All in all the Higher Education Opportunity Act is quite a bit of material to take in, but I wouldn’t find it extremely intimidating for those committed to preferred lender lists and the value they provide to students. Tim Ranzetta of Student Lending Analytics in a Sept. 4 webinar
Friday, September 05, 2008

Overheard
36 percent of schools responding to a Student Lending Analytics survey currently have a financial literacy program in place. Of the 64 percent who don’t, half of them plan to add one in the next 12 – 18 months. Tim Ranzetta in a September 4th webinar
Thursday, September 04, 2008

Institutes & Research
Children as young as 11 years old are starting to save for college, because they have seen older family members struggling with debt, says U.K.’s The Children’s Mutual.
Thursday, September 04, 2008

Academics
New York University will launch an executive MBA in Banking and Financial Institutions Management with the Swiss Finance Institute in August 2009 and an executive MS in Risk Management with the Amsterdam Institute of Finance in April 2009.
Thursday, September 04, 2008

Academics
Brandeis University will offer an MBA in Socially Responsible Business. The “Global Green MBA” starts classes this fall.
Thursday, September 04, 2008

Institutes & Research
U.S. public colleges and universities accepted, on average, 71 percent of freshman applications in fall 2007. In fall 2003, this figure was 74 percent. Source: Moody’s
Thursday, September 04, 2008

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