For the first time in anyone’s memory, Yale offered admission to quadruplets, but whether any one of the siblings winds up there remains an open question.
Judges denied Robert Bowman’s application to the bar, citing “neglect of financial responsibilities” in accumulating nearly $500,000 in loans.
Robert Bowman, an aspiring lawyer, was refused entry to the New York bar because of $400,000 in student debt.
A group of five state appellate judges decided that Robert Bowman’s student loans were too big and his efforts to repay them too meager to allow him admission to the bar.
Gov. David A. Paterson plans to announce a low-cost student loan program to help 45,000 students in New York secure credit and cope with tuition increases at both public and private colleges.
New York officials said that the College Board had resolved a two-state investigation into deceptive marketing of student loans.
Goal Financial, which offered iPods, spa gift cards and other items to lure borrowers, will adopt a marketing code of conduct and pay $350,000 to a financial aid fund.
The agreement was part of a settlement of claims that they misled consumers about loan terms and benefits.
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.