Department of Education

3 College Finance Tips for Scared Students (and Their Parents)

More than 80% of parents of 16- to 18-year-olds believe college is important to their child's future -- and a similar number are worried about how to pay for it. Here are a few tips that could make solving the college financing puzzle a little easier.

Feds Warn For-Profit Colleges: Do Better or Lose Student Aid

Former students in career-training programs at dozens of for-profit institutions have had so much trouble paying off their loans that the schools could lose access to federal student aid if they don't improve, the Department of Education reports.

Colleges' Shady Deals With Banks Stack Big Fees on Students' Aid

As many as 900 colleges are pushing students into using payment cards with hefty fees to get to their financial aid, according to new report. Colleges and banks rake in millions from the accounts, often through secretive deals and sometimes in apparent violation of federal law.

Good Reasons to Love Those Darn Student Loans

With student loan default rates rising due to persistently high unemployment rates, it's easy to vilify the seemingly endless monthly payments that follow graduation. But take a closer look, and you'll find that the news about student loans is more good than bad.

Decades Later, Student Loan Default Still Haunts Her

President Obama recently announced a plan to provide relief to student loan borrowers, but for the millions already in default on such loans, that help comes too late. Failure to repay those loans can wreck your finances permanently. Casey Zimmerman Thompson is a cautionary tale: More than two decades ago, she borrowed just $7,100.

GOP Candidates: Whose Tax Plan Is Best for You?

From Herman Cain's 9-9-9 plan to Ron Paul's proposal to nix the income tax, the GOP presidential candidates have floated a range of ideas for jump-starting the U.S. economy. But will any of them jump-start your home's economics? We looked at how the four front-runners' proposals of would affect an average American family.

Reform Is Coming to For-Profit Education Industry

The for-profit education industry has grown rapidly for the past decade on the backs of the most vulnerable members of society. But now, with the Department of Education on track to clamp down on abuses, and the Senate planning hearings, it looks like the party may be ending.