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Rich Williams

Blog Entries by Rich Williams

As Fall Financial Aid Is Disbursed, Senator Issues Urgent Warning to Students Using Campus Debit Cards

(0) Comments | Posted September 18, 2012 | 12:12 PM

Campus debit card and financial aid disbursement company Higher One was knocked down a few pegs when they got a nasty gram from a powerful U.S. Senator on the banking committee.

Senator Sherrod Brown (OH), Chairman of the Senate Banking Subcommittee on Financial Institution and Consumer Protection,...

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Back to College: Campus Debit Card Dangers

(2) Comments | Posted September 6, 2012 | 3:01 PM

As students head back to school, over 9 million are at risk for increased educational debt, due to bank-affiliated campus debit cards that come with high fees, insufficient consumer protections, and few options.

Financial institutions now have affinity partnerships with almost 900 campuses nationwide, grafting bank products...

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There is No 'A' for Effort on Student Loan Interest Rates

(1) Comments | Posted May 29, 2012 | 12:24 PM

It seems safe to say that the more than 7 million students who will be taking out Stafford student loans for the next school year join my disappointment that the Senate cannot seem to pass a bill to keep interest rates from doubling on July 1.


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The New Student Battle Cry: Don't Double My Rate!

(9) Comments | Posted April 25, 2012 | 1:49 PM

During a speech Tuesday at the University of North Carolina at Chapel Hill, President Obama led students in the chant "Don't Double My Rate!" Then, he flew to University of Colorado in Boulder to deliver the same message to Congress and was at the University of Iowa on...

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130,000 Letters Tell Congress: Don't Double Student Debt Rates (PHOTOS)

(0) Comments | Posted March 28, 2012 | 10:48 AM

Time is running out. On July 1, student loan interest rates for nearly eight million students will double.

Without a new plan, the average subsidized Stafford loan borrower will pay $2,800 more by the time they repay their loans. The most needy students will pay a crushing...

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Student Loan Interest Rates to Double This July

(12) Comments | Posted January 26, 2012 | 12:47 PM

There's a countdown to an ominous deadline for college students across America. When time runs out on July 1, 2012, student loan interest rates will double for almost 8 million students.

Without a plan, millions of students will pay a crushing $5,000 more on their student loan than they otherwise...

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Obama's New Consumer Finance Chief Can Lower Student Debt

(46) Comments | Posted January 5, 2012 | 10:14 AM

President Obama took a bold and important step this week, standing up for student consumers by making a recess appointment of former Ohio Attorney General Richard Cordray to head the new Consumer Financial Protection Bureau (CFPB). The president's action means that the CFPB now has all...

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In The Public Interest: Student Loan Defaults Skyrocket, Double in Past 6 Years

(6) Comments | Posted September 15, 2011 | 10:34 AM

On September 12th, the US Department of Education released the official FY 2009 cohort default rates on student loans. The number of students who defaulted within two years of entering repayment increased to 8.8%, up from 4.5% in FY 2003 and 7% in FY 2008.

Skyrocketing student defaults...

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In The Public Interest: Ryan's Budget Is A Wolf In Sheep's Clothing, Preying On Student Aid

(4) Comments | Posted April 15, 2011 | 4:25 PM

Chairman Ryan's budget is a wolf in sheep's clothing. Preying upon genuine concern for our fiscal future, this budget takes direct aim at student aid programs that help job-seekers get the skills, training, and credentials they need to re-enter the recovering workforce.

Chairman Ryan's budget would cripple the...

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In The Public Interest: Pell Grant Cut Would Lead to Massive Financial Aid Disruptions

(21) Comments | Posted April 6, 2011 | 1:23 PM

Millions of high school seniors who earlier this year experienced the joy of opening a college acceptance letter might soon be devastated to receive another letter, courtesy of their representatives in Congress, that cuts their financial aid days before the enrollment deadline.

As Congress continues to debate a long-term budget...

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In The Public Interest: House Delivers Devastating Cut to College Aid, Economic Recovery

(2) Comments | Posted February 21, 2011 | 10:19 PM

Rebuilding a strong workforce and economy should be the top priority of any federal budget extension. However, the House of Representatives passed an extension that makes deep and devastating cuts to the Pell Grant program that would be effective this coming school year. Pell Grants are the Federal governments corner...

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In The Public Interest : Pell Grant Funding Gap Threatens Millions of Students, Workforce

(3) Comments | Posted November 22, 2010 | 6:12 PM

Without immediate Congressional action, the Pell Grant program will see a $5.7 billion cut next academic year, slashing the maximum aid award for a Pell Grant recipient by $845. A more than 15 percent reduction to the program would eliminate Pell Grant access to hundreds of...

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In The Public Interest : Decreasing Dropouts, Three Quick Solutions for Community Colleges

(1) Comments | Posted October 18, 2010 | 11:19 AM

Earlier this year, President Obama called on colleges to return America to the world leader in graduate rates, an increase from our current position as 12th.

Recently, the White House hosted a high-profile summit to explore how community colleges can prepare graduates for the 21st century...

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In The Public Interest : For-Profit Education Programs Giving Some a Raw Deal

(1) Comments | Posted September 30, 2010 | 4:42 PM

A college education is practically a necessity in the 21st century. President Obama highlighted this by setting a goal to regain the world lead in college completion by 2020. More graduates with a high value, low cost education will strengthen the social and economic fabric of our country.


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