Wells Fargo Hit With $4 Million in Penalties, Relief for Its Student Loan Servicing
The CFPB charged Wells Fargo with collecting illegal fees from borrowers and failing to disclose critical information to manage student loans.
College Costs: Kids’ Expectations vs. Parents’ Ability to Pay
Most children think their parents will pay all their college costs, but parents, many with their own student debt, have different ideas, a survey found.
What Financial Aid Changes Mean for Students and Colleges
The FAFSA changes appear to be a boon for college applicants and their families, while college admissions offices are scrambling to prepare, a survey shows.
New FAFSA Rules Create New College Financial Aid Strategies
Student loan rates are lower and FAFSA rules have changed, which creates new opportunities to maximize financial aid.
Student Loan Delinquencies Climb Despite Economic Recovery
Student loans are the only consumer debt sector where delinquencies are higher now than they were during the financial crisis, according to a new report.
How Chinese Students Are Helping to Save America’s Colleges
The rising number of Chinese students at American colleges is driven in part by big cutbacks in government aid for state universities.
More Scholarships, Fewer Loans Financing College: Survey
In addition, more students are working during the academic year or on breaks to help pay for college, Sallie Mae reported.
Excess 529 Plan Funds: Putting Them to (Tax-Preferred) Work
The rules governing excess 529 college savings funds are nuanced and surprising, so the devil's in the details when it comes to maintaining their tax-preferred status.
States Roll Out 529 Plans for Disability Expenses
Following the passage of the ABLE Act in December 2014, several states have authorized plans similar to the college savings vehicles to cover disability-related expenses.
When Divorced Parents Disagree About Who Pays for College
When it comes to paying for college, there are added layers of complexity for divorced parents. Lessons from New Jersey.