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College Financial Aid and Scholarship

Top Student-Loan Official Warns Execs of Defunct for-Profit Colleges [Video]

In August, House Education Chair Bobby Scott urged the Education Department to hold the executives of defunct for-profit colleges, like Corinthian and ITT Tech, personally liable for money owed to the federal government — a cost that has typically fallen on students and taxpayers.

During a hearing last week, Federal Student Aid (FSA) director Richard Cordray directly responded to Scott’s request, and he said he “absolutely” agrees.

“We see eye to eye on this,” Cordray said. “We absolutely agree. More needs to be done to prevent people from abusing these student aid programs, from cheating taxpayers, from cheating students.”

Cordray was invited to testify before the House Education and Labor Committee last week on his financial aid priorities, and while he was often vague in his responses to a number of questions surrounding broad student loan forgiveness, he was clear with his stance on protecting borrowers defrauded by for-profit schools. 

During his line of questioning, Scott followed up …

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College Financial Aid and Scholarship

Saved By The Bell Season 2 Adds New Character to College Years Series [Video]

The second season of Peacock's Saved By the Bell revival is here with the full season dropping on the streaming platform last week and while the series continued the stories of this next generation of kids at Bayside High, it also continued the stories of the beloved, now adult characters from the [...]