Debt-Management Perspectives

USA Funds Helps 42,600 Student-Loan Borrowers Restore Good Credit
USA Funds^® helped nearly 42,600 student-loan borrowers resolve loan defaults and restore their good credit during the fiscal year ending Sept. 30, 2007.
Read more.

USA Funds Update

Profiles in Superior Customer Service: Assistance Worthy of ‘24 Stars’
Outstanding service to the University of Arizona’s James E. Rogers College of Law earned service coordinator Trish Smith a USA Funds “There for You” award. Learn more.

Washington Report

NASFAA Report: Student-Loan Auctions ‘Riddled With Problems’
A discussion paper prepared by the National Association of Student Financial Aid Administrators finds that student-loan auctions are “riddled with problems for both taxpayers and borrowers.” Read more.

Senate Approves Student-Aid Appropriations Bill
The U.S. Senate has approved a 2008 spending bill that includes student-aid funding by a sufficient margin to override a threatened presidential veto.
Learn more.

House Votes to Extend Higher Education Act Again
The U.S. House has approved another extension of the Higher Education Act, which authorizes the major federal student-aid programs. On a voice vote, the House extended the current program authorizations under the HEA until April 30, 2008. The current extension expires Oct. 31. The Senate has not yet acted on the extension.

Access to Education

College Board: Tuition Prices Increase More Rapidly, Student Borrowing Slows
The College Board has released results of its annual surveys of college pricing and student aid. Read more.

Operations Bulletin

Department Announces Plans for Negotiated Rulemaking on College Cost Reduction and Access Act
The U.S. Department of Education has announced plans for negotiated-rulemaking committees to develop proposed regulations for provisions of the College Cost Reduction and Access Act of 2007 and to conduct three public hearings next month to inform the rulemaking agenda. Read the Department’s announcement in the Federal Register.