| A Shaky Season for Student Loans
Shortly after New Year's Day, Pat Watkins, financial aid director at Eckerd College in St. Petersburg, Fla., placed a worried call to National Education, a student loan company she has been working with for nearly two decades. She had heard rumors that the company was no longer funding federal Stafford and PLUS (Parent Loans for Undergraduate Students) education loans, but had received no official word from the company. She found out that the phone of National Education's local rep had been disconnected. Later she learned that Chicago-based National Education was not planning to accept applications for new loans for the spring semester after Jan. 15, though they planned to fund disbursements for students who received loans for the fall. Federal Loans Lose Funders That was the first surprise.
Text of Napolitano address
There was no plan to give Arizona's children the early start they need and deserve. Teacher pay was lagging, and we weren't doing what was necessary to support our new teachers and keep our best educators in the classroom. Phoenix was the largest city in the nation without a university-based medical school and our state was not graduating enough students with college degrees to keep up with our growth.Fast-forward to today. We've created a new grade level by making full-day kindergarten available to every Arizona family. We've made historic investments in early childhood education and in teacher pay. We've broken ground on an all-new medical campus, tripled our contribution to student financial aid, and built up our universities.This is progress, and it is precisely where we needed to go.Now, we must move quickly this year to implement the voter-approved initiative aimed at early childhood.
Harmony may be shut down
Ohio Attorney General Marc Dann filed a lawsuit Friday seeking to shut down Harmony Community School, a charter school in Roselawn. Dann's suit claimed that the school has a record of academic failure, financial mismanagement, ethical lapses and consumer fraud. "Harmony has failed to accomplish its primary charitable purpose - educating students - despite receiving $31.9 million in taxpayers' money since 1998," Dann said during a news conference after personally filing the lawsuit in Hamilton County Common Pleas Court. .
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