After a month of celebrating the largest boost in federal spending on scientific research that most of them have ever seen, university presidents are increasingly tuned to the possibility of a downside. The new money--primarily from a $21.5-billion jump in research-and-development spending in the economic-stimulus law--is certainly welcome,…

The Bush administration has called off internal deliberations over a bailout plan for student-loan companies after concluding it did not have the authority to act on its own. Instead, it endorsed a Congressional proposal that would allow the education secretary to purchase loans from private lenders. The decision leaves Congress facing a ticking…

A group of 32 attorneys general from across the United States urged Congress last week to enact new restrictions on the student-loan industry, saying their investigations continue to reveal "new levels of corruption and deception" that require a rapid response from lawmakers. The attorneys general, led by Andrew M. Cuomo of New York, are trying to…

The U.S. Department of Education, overriding opposition from colleges and accreditors, is pushing ahead with a plan to remake American higher education by requiring that colleges show results if they want to remain eligible for more than $90-billion in federal student aid. At the end of a three-day session last month, representatives of colleges…

Matteo Fontana, the student-aid official in the U.S. Department of Education who was suspended last month in an ethics case, issued a controversial high-stakes legal ruling in 2004 that benefited his former employer, Sallie Mae, on the day before the nation's top student lender completed its transition from a government-founded lender into a…