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Financial Aid in the News

Congress May Require Colleges To Repay Loans For Students Called to Military Service (The Chronicle of Higher Education)

"While the Senate was preparing to pass a much-heralded GI bill on Thursday, committees in both chambers of Congress were quietly considering a veterans-benefits bill that is far less popular with colleges," The Chronicle of Higher Education reports. "The legislation, which is supported by veterans groups, would require colleges to refund loans and out-of-pocket costs to students who are called to active military duty in the middle of a semester - and to give students the right to sue colleges that fail to do so. College lobbyists say the requirement would conflict with existing rules and would be difficult to carry out."

You can read the complete June 27, 2008 Chronicle of Higher Education news blog on-line.

NASFAA has joined other higher education associations in advocating for some important changes to this legislation. A copy of a letter sent to lawmakers about this legislation is available online.

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