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NAICU Statement on the Department of Education's Financial-Responsibility List
Americans whose students attend, or are considering attending, one of the institutions on the Education Department's list, should not rule out a college simply because it's listed. More
2010 Private College Tuition and Student Aid Trends
Private College Tuition Increases 4.5 Percent for 2010-11; Institutional Student Aid Up 6.8 Percent
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Wachovia Limits Access to $9.3 Billion Fund for 900 Colleges
October 2, 2008
Colleges can only redeem 34 percent of their investments in the short-term Commonfund because of the ``liquidity squeeze,'' said Laura Fay, a spokeswoman for Charlotte, North Carolina-based Wachovia, in an interview. Earlier this week, Wachovia had capped availability at 10 percent. Fay said the ``unprecedented environment'' in the market contributed to Wachovia's decision to curtail the fund and plan its closure by Dec. 31.
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