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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

In Fight to Lower Tuition, Small Universities May Be Harmed
25 June 08 03:43 PM | Student Loan Girl | 0 Comments   

Some small U.S. colleges and universities are concerned that they may be the target of a new bill that would force schools with multi -billion dollar endowments, like Harvard , to reduce their tuition costs, and place other high-tuition institutions without Read More...

Filed under: Bard College, Bates College, Buck McKeon, college, college loans, college wall of shame, college watch list, Department of Education, Edward Kennedy, financial aid, Harvard, Higher Education Act, Loans, NextStudent, Oliver Staley, reauthorized Higher Education Act, Rep. Buck McKeon, Sen. Edward Kennedy, skyrocketing tuition, student loans, tuition, wall of shame

Proposed Legislation Would Prevent Student Loan Lenders from ‘Cherry-Picking’ Schools They Lend To
19 June 08 06:14 PM | Student Loan Girl | 0 Comments   

To ensure all students have access to student loans regardless of what type of school they attend, two Democratic senators introduced legislation Tuesday that would prohibit banks and other lenders from “picking and choosing” which institutions of higher Read More...

Filed under: Christopher Dodd, Citibank, college loans, Community Colleges, default rates, Edward Kennedy, Federal Family Education Loan Program, FFELP, FFELP lenders, financial aid, higher education, Jonathan D. Glater, JPMorgan Chase, Low-Income Students, NextStudent, Patty Murray, PNC, selective lending, Senate Committee on Health Education Labor and Pensions, student loan crisis, student loans, SunTrust, The New York Times, two-year schools, U.S. Department of Education, universal college loans

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