SUNY Binghamton has seen a roughly 50 percent increase in applications so far this fall, largely due to its price tag, which is well below most competitive private colleges.
With the unemployment rate rising and a recession mentality gripping the country, more families are applying for federal aid for students attending college.
Estimates suggest that the new president will face an unusually burdensome financing shortfall that would accompany trimming the nation’s leading college aid program.
The attorney general is preparing a lawsuit against Goal Financial, charging that the lender broke laws by luring borrowers with cash and gifts and that it misled consumers about loan terms.
The Massachusetts Educational Financing Authority, which secured more than $500 million in educational loans last year, announced that it would not offer loans for the coming academic year.
As New York’s governor promised to pursue a low-cost student loan program, it remained unclear how to set it up to ensure that it does not encourage unnecessary borrowing.