By Charles Huckabee. The trustees of California State University voted on Wednesday to give students more say over the “success fees” some campuses tack onto their tuition bills, The Sacramento Bee reports. Critics have accused institutions of using the controversial fees, which are now in place on 12 of the system’s 23 campuses and can run to several hundred dollars a semester, to circumvent a tuition freeze that Cal State and the University of California agreed to in 2012 in exchange for increased state support. More...
Federal Agency Asks Banks for Straight Talk on Help for Student-Loan Borrowers
By Kelly Field. Federal regulators are keeping up the pressure on banks to do more to help struggling student-loan borrowers. A year ago, Richard Cordray, director of the Consumer Financial Protection Bureau, and Arne Duncan, the secretary of education, convened the nation’s largest lenders and loan servicers to urge them to offer modified repayment plans to borrowers facing default. More...