student loan debt resolution settlement

Final chance to save

College students have only a few days left to consolidate their student loans and lock in current interest rates before those rates go up Saturday.

Under the Deficit Reduction Act passed by Congress in 2005, student loan interest rates will be hiked, meaning higher payments for millions of student borrowers.

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State regents plan national search for chancellor

OKLAHOMA CITY (AP) _ State regents may hire a consultant and take out advertisements for a new chancellor to replace Paul Risser, who is resigning after almost four years on the job.

John Massey of Durant, chairman of the state Regents for Higher Education, said the search for a new chancellor is expected to take no more than six months.

``We need to find the best leader for our system,'' said Massey, who has been on the board 14 years. ``You've got to have somebody who can coordinate and get along with 25 presidents, and also work with the state Legislature.''

Risser, whose resignation is effective July 28, plans to take a job coordinating research programs on University of Oklahoma campuses. Regents have named Phil Moss, vice chancellor for academic affairs, as interim chancellor until a permanent replacement is named.

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