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Thursday January 11, 2007 Robert Brandon 202-331-1550
Students, Parents Lobby Congress to Make College Affordable
Unique Events Attract Thousands to National Day of Action
College students and parents today fanned out across the country as part of a national day of action to demand that Congress pass legislation to cut interest rates on student loans, a key plank in the House leadership’s agenda for the first 100 hours of the new Congress. At a Capital Hill news conference two college students, a medical student, a parent and a high school college counselor offered their personal stories and support of the bill as the first step to reduce the rising cost of higher education and the impact of rising student debt.
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Date: February 6, 2007
To: NEA College Affordability Group
From: Mark F. Smith, Organizational Specialist – Higher Education
Re: Update on NEA Participation in Campaign for College Affordability
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By JONATHAN D. GLATER, NYT
The telephone number looks like any other university extension. And when students call with questions about financial aid, the recorded voice at the other end says, “Thank you for calling Texas Tech University’s Student Financial Center.”
But what is remarkable about the center is not so much that it is actually located hundreds of miles away from Texas Tech’s Lubbock campus. It’s that the people giving advice are not university employees at all — instead they work for Nelnet, a company that made more than $68 million last year off of student loans.
Continue reading "Colleges Hiring Lenders to Field Queries on Aid " »
By JONATHAN D. GLATER and KAREN W. ARENSON, NYT
A senior official at the federal Education Department sold more than $100,000 in shares in a student loan company even as he was helping oversee lenders in the federal student loan program.
The official, Matteo Fontana, now general manager in a unit of the Office of Federal Student Aid, was identified yesterday from government documents as a stakeholder in the parent company of Student Loan Xpress who sold shares in 2003.
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By JONATHAN D. GLATER and KAREN W. ARENSON
Published: April 15, 2007
In a fierce contest to control the student loan market, the nation’s banks and lenders have for years waged a successful campaign to limit a federal program that was intended to make borrowing less costly by having the government provide loans directly to students.
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