Tag Archives: Department of Education

MA AG Takes Aim at the Intersection of Higher Education and Banking

Billions of dollars in federal aid are disbursed to students each year, and not only for tuition; students often borrow up to the “cost of attendance,” (as determined by the school) to pay for housing, food, and other necessities. When this happens, the U.S. Department of Education disburses funds to the school, which then disburses the balance – minus tuition and fees – to the student. For this reason,… More