The University of La Verne reached an agreement with the Department of Education to dramatically reduce the $6.9 million fine, originally recommended in last year's audit of recruiting practices by the School of Continuing Education.
The federal government just passed legislation which might prove extremely helpful to students who have taken out loans in the attempt of paying for their education. The Higher Education Act of 1998 has a big impact on colleges and students who attend private institutions of higher learning.
Every four years, Congress passes legislation called the Re-Authorization of the Higher Education Act. This year Congress passed the legislation and the president signed the act, providing funding via government loans such as subsidized and unsubsidized Stafford loans.