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The Plot Thickens for the Future of Student Lending
13 April 09 05:00 PM | Student Loan Girl | 0 Comments   

It’s “all hands on deck” for federal student loan lenders, who have made it abundantly clear that they’re not going to roll over and accept the terms of the Obama administration’s proposal to axe their Federal Family Education Loan Program in favor of the Education Department’s Direct Loan Program without a fight. Read More...

Filed under: Albert Lord, Allen Boyd, college, college loans, Congressional Budget Office, default prevention, Direct Loan Program, Education Department, Federal Family Education Loan Program, federal loan program, federal student loans, FFEL program, FFELP lenders, Florida representatives, government bailout, government loan program, NextStudent, Obama administration, Pell Grant program, private lenders, representative Timothy Bishop, Sallie Mae, Southampton College, state loan guarantee agencies, student loan companies, student loan providers, student loans, The New York Times

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

Back from Surgery, Kennedy Calls On Community Colleges to Switch to Direct Lending
17 June 08 11:11 AM | Student Loan Girl | 0 Comments   

Sen. Edward Kennedy , D-Mass., sent a letter Monday to the American Association of Community Colleges , urging its members to enroll in the government’s Direct Loan Program in order to ensure community college students have access to student loans for Read More...

Filed under: AACC, American Association of Community Colleges, college loans, Community Colleges, credit crunch, David Baime, direct lenders, direct lending program, Direct Loan Program, Education, Education Department, Edward Kennedy, Federal Family Education Loan Program, FFELP, FFELP lenders, Labor and Pensions, NextStudent, private lenders, Senate Committee on Health, Senator Edward Kennedy, Senator Kennedy, student loan crisis, student loan shortage, student loans, subsidy cuts, U.S Department of Education

Education Department to Pay Lenders Full Value for Student Loans
21 May 08 03:56 PM | Student Loan Girl | 0 Comments   

The U.S. Department of Education has released details of how much it will pay private lenders in the Federal Family Education Loan Program who sell their loans to the government instead of to capital-market investors, according to an article in The Wall Read More...

Filed under: Bush, college loans, Education Department, Ensuring Continued Access to Student Loans Act, Federal Family Education Loan Program, FFELP, H.R. 5715, NextStudent, Office of Management and Budget, private lenders, student loans, U.S. Department of Education, Wall Street Journal