Inside these posts: student loans

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Illinois mulls bonds for student loan program

An Illinois student loan agency is proposing to sell $100 million of debt a year to supplement funding for a college grant program, a state official said on Monday.

Andrew Davis, executive director of the Illinois Student Assistance Commission, said the 10-year taxable revenue notes or bonds would be paid off with future state income tax payments made by recipients of the grants. Get the full story »

DeVry first-quarter profit up 35%

DeVry Inc.’s fiscal first-quarter profit jumped 35% as revenue improved, helping results beat expectations, but the company warned of falling enrollment in its undergraduate programs.

DeVry and other for-profit colleges have faced scrutiny from the U.S. Department of Education and members of Congress in recent months as they capture a growing share of federal student aid dollars.

A number of schools are already changing admissions standards and recruiting practices ahead of new regulations expected from the Education Department. DeVry, which offers programs ranging from certificates in dental assisting to MBAs, said that while it is monitoring potential new regulations and may need some adjustments down the line, it is confident about its existing programs. Get the full story »

Discover eyes mortgage, checking deals

Discover Financial Services, fresh from a deal to buy Citigroup’s private student loan assets, is also considering ways to enter the mortgage and checking businesses, Chief Executive David Nelms told Reuters on Monday. Get the full story »

Economy forcing students to change college plans

Students-Web.jpgStudents in California protest budget cuts in public education in March 2010. (AP Photo/Ben Margot)

By Becky Yerak | A growing number of college-bound teenagers are changing their plans for
higher education by working more, staying closer to home, opting for a
community college or delaying enrolling, a new study shows.

According to a newly released joint study by Junior Achievement and the
Allstate Foundation, 63 percent of teens surveyed said they’ve changed
their college plans because of the economy, up from 55 percent last

Get the full story »