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Student Loan Providers Get More Help From the Government
13 November 08 03:39 PM | Student Loan Girl | 0 Comments   

In a move intended to avoid a shortfall in student loans next year, Congress has expanded the government program to buy federally guaranteed student loans from private lenders. Under the updated loan-purchase plan, the Education Department can now buy Read More...

Filed under: Bruyette & Woods, buyback program, college, college financial aid, college loans, Congress, Department of Education, Education Department, education secretary, Edward Kennedy, Eric Dash, federal government, federal student loan, financial aid, government, Jonathan Glater, Keefe, Margaret Spellilngs, New York Times, NextStudent, paying for college, private lenders, private student loan, Sameer Gokhale, Sen. Edward Kennedy, Senate Education Committee, student loan buyback, student loans, tuition

Credit Unions Offer Themselves as Partial Solution to Looming Student Loan Crisis
12 April 08 11:19 AM | Student Loan Girl | 0 Comments   

In the last six months alone, since legislators eliminated over $21 billion in subsidies to student loan lenders in the Federal Family Education Loan Program, at least 44 FFELP lenders have stopped originating federal student loans. This exodus of lenders Read More...

Filed under: capital, Chronicle of Higher Education, college, Congress, credit crisis, credit crunch, credit unions, Education, Edward Kennedy, Federal Family Education Loan Program, FFELP, FinAid, financial aid, Higher Education Act, Kennedy, lenders, liquidity, Mark Kantrowitz, Michael Kim, mortgages, NextStudent, nonprofit, Paul Basken, shortage, student loans, subprime, subsidies, UFCU, University Federal Credit Union, University of Southern California, University of Wisconsin, USC, USC Credit Union, UW Credit Union, UWCU