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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 »
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 »
Students 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
year.
