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The rules would for the first time require universities to include at least three loan companies on any list of lenders they recommend to students and it would ban many of the gifts and payments to financial aid officials that lenders have been offering to win student loan volume
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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They would also ban a college's "access to a lender's other financial products, computer hardware, and payment of the cost of printing and distribution of college catalogs and other materials at less than market rate"
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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On Friday, Sen.Christopher Dodd, D-Conn., chairman of the Senate Banking Committee, announced plans to conduct a hearing Wednesday to explore ties between lenders and colleges and universities.
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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"There can be the same kind of wink and a nod that occurs around campaign contributions," Shireman said, adding that some of the proposals in Congress are more strict
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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"The secretary of education is amending these regulations to strengthen and improve the administration of the loan programs," states the proposal, which the department said had been sent to the Federal Register for a 60-day comment period
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
223
A 33-page report by the UT System's general counsel said the aid director, Lawrence Burt, should have disclosed his ownership of stock in the parent company of Student Loan Xpress Inc.and recused himself from decisions concerning the lender
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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"This seems to be a gaping hole in the regulations," Cuomo said
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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Robert Shireman, a higher education policy adviser in the Clinton administration who now is executive director of the Institute for College Access and Success, said that the rules could still allow philanthropic gifts by lenders to universities that might not be explicitly linked to loan volume
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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Investigations of the student loan industry aren't over
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
205
"It has taken far too long for the Department of Education to act," Cuomo said
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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Warder, who has been chief financial officer of the Education Department since July 2006, previously worked for years as a management consultant at Deloitte Consulting
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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And on Thursday, the trade group representing college financial aid officers agreed to bar its members from accepting most lender gifts and to stop allowing lenders to sponsor its conferences
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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He noted that the proposed rules wouldn't require preferred lenders to be selected solely on the basis of the best interests of student borrowers
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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Perhaps most importantly for students, the rules would require universities both to explain how and why they recommend specific lenders and to ensure that all students, not just a few, receive the benefits offered by a lender on a preferred list
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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Over the past few months, investigations in Congress and in the states, led by New York's attorney general, Andrew Cuomo, turned up an array of undisclosed relationships between universities and lenders, and conflicts of interest on the part of financial aid administrators
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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United States Education Secretary Margaret Spellings created a task force in April to draw up the regulations after an effort to win consensus on a similar package of rules among representatives of students, lenders and academic institutions collapsed
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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Separately, the Education Department announced Friday that Spellings had named Lawrence Warder as acting chief operating officer of the office of Federal Student Aid, previously overseen by Theresa Shaw, who stepped down
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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Some university officials who were promoting particular lenders had received stock on favorable terms, consulting payments or gifts from loan companies
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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In Washington, the Education Department's inspector general reported to Congress this week that the department had made minimal progress in dealing with complaints about abuse in the nation's government-backed student loan program
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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The proposed regulations would still only cover federally guaranteed loans
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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The Consumer Bankers Association indicated that it would be most likely would not seek anything more than minimal changes, particularly since Congress is already moving to enact even tougher restrictions through legislation
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
79
The regulations appeared unlikely to meet much resistance
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
77
Under an agreement reached May 18 with the Office of the Texas Attorney General, UT will neither accept nor solicit gifts from student loan lenders
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
77
John Dean, special counsel to the Consumer Bankers Association, said lenders "have come to embrace the inevitability of reform and in many cases welcome it"
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
74
Lenders who offer inducements run the risk of losing the federal guarantee on affected loans, under the proposal
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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At the University of Texas, the financial aid director was fired May 14 after an investigation found that he had violated campus and UT System rules by investing in a company and then placing that company's student lending subsidiary on a list of recommended lenders
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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The federal Education Department, facing criticism for its oversight of student loans, released proposed rules Friday that would set new standards for universities and ban lenders' marketing practices, which have resulted, in some cases, in loan company payoffs to university officials
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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Democratic lawmakers in Congress who have championed legislation on the student loan industry offered cautious support but also criticized the Education Department for not acting more quickly
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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It also lists celebrity alums for each college
Feb 1 '08 -Reference- www.techcrunch.com -globalscholar,round,student
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They identify specific practices that would be barred, including "offering, directly or indirectly, any points, premiums, payments or other benefits to any school or other party to secure" student loan volume, in the federally guaranteed loan program
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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The 225-page package of rules represents a change in direction by the department, which for years had ignored calls by its inspector general, Democratic lawmakers and even some loan-industry officials for it to be more aggressive in policing the $85 billion student loan industry
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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Parent and student reviews are coming soon.
Feb 1 '08 -Reference- www.techcrunch.com -globalscholar,round,student
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(Did you know that Sigourney Weaver and Ted Koppel both went to Stanford.)
Feb 1 '08 -Reference- www.techcrunch.com -globalscholar,round,student
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Student jetPacks aims to increase the safety and experience of youth and student travelers, by providing essential information and vital products prior to departure
May 28 '07 -Recreation- blog.express-press-release.com -student,card,
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See www.studentjetpacks.com FREE OFFER: Quote reference JO73 and also get a 150-word pocket phrase card free with every Travel jetPack, or a luggage lock free with every travel accessory
May 28 '07 -Recreation- blog.express-press-release.com -student,card,
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In addition, the rules would require that a university's list of recommended lenders include at least three loan companies and exclude any lenders that provided inducements
Jun 3 '07 -Society- www.statesman.com -lenders,loan,student
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• London bus and tube attraction map • Rail and Coach discount information • Student info pack • £1.50 emergency loose coin bag • Luggage lock • Property security marker • Emergency light stick • A ‘Don’t Forget’ checklist for before, during and after your visit
May 28 '07 -Recreation- blog.express-press-release.com -student,card,
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Web Site = http://www.studentjetpacks.com/.utm_source Contact Details = Contact writer@joecawley.co.uk +34 922 857002
May 28 '07 -Recreation- www.express-press-release.com -student,uk,jetpack
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Press Release Body = Savvy travelers fly with a Student jetPack A new UK company has taken the worry out of being prepared with the ultimate travel accessory, giving young travellers a head start on their journey
May 28 '07 -Recreation- blog.express-press-release.com -student,card,
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Web Site = http://www.studentjetpacks.com/.utm_source Contact Details = Contact writer@joecawley.co.uk +34 922 857002
May 28 '07 -Recreation- blog.express-press-release.com -student,card,
51
Press Release Body = Savvy travelers fly with a Student jetPack A new UK company has taken the worry out of being prepared with the ultimate travel accessory, giving young travellers a head start on their journey
May 28 '07 -Recreation- www.express-press-release.com -student,uk,jetpack
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Equipped with a local SIM card, travelcard, coinage, maps and city information, a Travel jetPack will help travelers get organised and save money on their travels
May 28 '07 -Recreation- www.express-press-release.com -student,uk,jetpack
49
Excelsior makes student assessment software used by teachers in 1,000 school districts nationwide
Feb 1 '08 -Reference- www.techcrunch.com -globalscholar,round,student
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All jetPacks are country specific, including the UK, Spain, Australia, Austria, Germany, New Zealand, and Poland
May 28 '07 -Recreation- www.express-press-release.com -student,uk,jetpack
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Student jetPacks Released on = May 26, 2007, 10:19 am Press Release Author = Joe Cawley Industry = Internet & Online Press Release Summary = A new UK company has taken the worry out of being prepared with the ultimate travel accessory, giving young travellers a head start on their journey
May 28 '07 -Recreation- www.express-press-release.com -student,uk,jetpack
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• Emergency contact/info card • jetPack document/passport holder Priced at around $50, a Student jetPack could be a lifesaver for new arrivals, AND ease the worries of concerned parents at home
May 28 '07 -Recreation- blog.express-press-release.com -student,card,
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• London bus and tube attraction map • Rail and Coach discount information • Student info pack • £1.50 emergency loose coin bag • Luggage lock • Property security marker • Emergency light stick • A 'Don't Forget' checklist for before, during and after your visit
May 28 '07 -Recreation- www.express-press-release.com -student,uk,jetpack
43
Released on = May 26, 2007, 10:19 am Press Release Author = Joe Cawley Industry = Internet & Online Press Release Summary = A new UK company has taken the worry out of being prepared with the ultimate travel accessory, giving young travellers a head start on their journey
May 28 '07 -Recreation- blog.express-press-release.com -student,card,
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Equipped with a local SIM card, travelcard, coinage, maps and city information, a Travel jetPack will help travelers get organised and save money on their travels
May 28 '07 -Recreation- blog.express-press-release.com -student,card,

 
 
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