Broward College paid $5.6 million after a federal government review determined that more than 2,000 students received financial aid they weren’t entitled to.
The payment, imposed by the U.S. Department of Education, is significantly more than the $18,000 the college said in 2015 that it would likely have to pay after an initial federal review. At that time, the college acknowledged only that eight students were improperly paid.
ALBANY — Gov. Cuomo on Friday unveiled set of measures intended to aid New Yorkers struggling with "exploding" student loan debt.
The proposals, which will be part of Cuomo's State of the State Address next week, include new financial disclosure requirements for colleges and universities, and new consumer protection standards for the loan industry.
Student loan debt continues to be a huge burden for many Americans.
Graduates in the Northeast have more debt on average, while those in the Southwest had the least on average.
Families in the Northeast tend to spend more on college than those in other parts of the country.
Student loan debt continues to be big problem in America.
The national student debt now totals over $1.4 trillion, with the average per graduate in the US at $17,126. Student debt can create obstacles for people wanting to buy a house or start a family after graduation.
ALBANY, New York -- New York will be the first state to make tuition at public colleges and universities free for middle-class students under a state budget approved by lawmakers Sunday.
The plan crafted by Democratic Gov. Andrew Cuomo will apply to any New York student whose family has an annual income of $125,000 or less. To qualify the student would have to meet certain class load and grade point average restrictions, and room and board would not be covered.
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“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
“What I would like to do... once I take care of all my kids' student loans, is buy a red 1965 Mustang and fully restore it.”
– Mike Quigley
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