On Tuesday, the Senate Judiciary Committee's Subcommittee on Immigration, Refugees and Border Security held a hearing on preventing student visa fraud and addressing "sham" institutions that commit fraud to attain visas and enroll foreign students. The hearing was held in response to a report released last month by the Government Accountability Office (GAO) criticizing U.S. Immigration and Cu...
The Consumer Financial Protection Bureau (CFPB) announced March 5 that it will now accept complaints from borrowers about problems with their private student loans. These problems could include difficulty with taking out a loan, repaying an existing loan or handling a loan which has gone into default. Under the Dodd-Frank financial reform law, the CFPB has the authority to oversee private, non-ban...
As part of the Campaign to Cut Waste, the Obama administration cut erroneous Pell Grant payments to 2.7% in 2011, the lowest it has been since 2005. White House officials estimate that reform measures saved $300 million in overpayment through the Pell Grant student aid program. The 2011 payment errors totaled $1 billion, approximately the same as the payment errors for 2010, but an increase in the...
