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College Steps in After Edamerica Falls Behind in Dispersing Student Loans
30 September 08 09:03 AM | Student Loan Girl | 0 Comments   

A Milwaukee technical college is providing emergency student loans to some of its students after one of the college’s student loan providers announced it would not immediately have funds to issue the loans, reports the Milwaukee Journal Sentinel (“ MATC Read More...

Filed under: college loans, credit crunch, Edamerica, emergency loans, Federal Family Education Loan Program, federally guaranteed student loan program, financial problems, loan dispersements, loan refund checks, master promissory note, MATC, Milwaukee Area Technical College, Milwaukee Journal Sentinel, NextStudent, private lenders, student loan providers, student loans, technical college, third-party lenders, University of Maryland-Baltimore County, University of Southern Mississippi, University of Wisconsin-Milwaukee

Survey Shows New England Families Can Still Access Federal Student Loans, Despite Loss of Lenders
11 September 08 03:29 PM | Student Loan Girl | 0 Comments   

According to a regional survey of financial aid officers from 214 New England colleges and universities, students and parents have had few problems accessing federal student loans this year, but financial aid administrators have lingering doubts about Read More...

Filed under: $21 billion cut, aid administrators, college loans, college parents, college students, fallout, Federal Family Education Loan Program, federal student loan access, federal student loan programs, federal student loans, federal subsidies, FFELP, FFELP lenders, FFELP loans, financial aid, Financial Aid Officers, legislation, NEBHE, NEC, New England Board of Higher Education, New England borrowers, New England Council, New England families, new student loan provider, NextStudent, private lenders, student loans, subprime mortgage crisis, third-party lenders

Government’s Direct Lending Program Sees 43-Percent Increase in Volume
02 September 08 05:36 PM | Student Loan Girl | 0 Comments   

As cash-strapped lenders continue to drop out of the Federal Family Education Loan Program , the number of student loans originated for the 2008–09 school year through the government’s Direct Loan Program has increased by 43 percent, reports The Chronicle Read More...

Filed under: Anna Griswold, college, College Cost Reduction and Access Act, college loans, credit crisis, Department of Education, direct lending program, Direct Loan Program, Education Department inspector general, education secretary, Federal Family Education Loan Program, Federal Student Loan Program, federal student loans, FFEL program, FFELP, financial aid administrators, H.R. 2669, House Committee on Education and Labor, Margaret Spellings, NextStudent, Penn State, Penn State student loans, Pennsylvania Higher Education Assistance Agency, private lenders, private student loans, Student Lending Analytics, student loan crisis, subprime mortgage crisis fallout, The Chronicle of Higher Education

Concerns About Access to Student Loans Persist, Study Finds
24 July 08 11:42 AM | Student Loan Girl | 0 Comments   

Some financial aid administrators have lingering concerns that students may not be able to get the student loans they need to pay for college this year despite recently passed federal legislation designed to improve students’ access to those loans, according Read More...

Filed under: college loans, college students, default rates, Ensuring Continued Access to Student Loans Act, Federal Family Education Loan Program, FFELP lenders, financial aid administrators, HR 5715, legislation, loan market, loan shortage, NASFAA, National Association of Student Financial Aid Administrators, NextStudent, private student loans, student loans

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

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

With Government’s Help, Lenders Returning to Federal Student Loan Market
05 June 08 02:08 PM | Student Loan Girl | 0 Comments   

A number of lenders who abandoned the federal student loan market in recent months may be returning, in light of a new law designed to keep struggling lenders afloat, according to a Dow Jones Newswires article. Many of the 102 companies that scaled back Read More...

Filed under: Brett Lief, Citibank, college loans, Community Colleges, Dow Jones Newswires, Ensuring Continued Access to Student Loans Act, Federal Family Education Loan Program, federal student loans, FFELP, HR 5715, JPMorgan Chase, Kentucky Higher Education Assistance Authority, National Council of Higher Education Loan Programs, NCHELP, Nelnet, NextStudent, Northstar Education Finance Inc., PNC, Sallie Mae, student loan lenders, student loan market, student loans, SunTrust, Two-Year Colleges

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

Two Purdue University Campuses Make the Switch to Direct Lending
20 May 08 09:35 AM | Student Loan Girl | 0 Comments   

Beginning this fall, Purdue University’s West Lafayette and North Central campuses will become direct lending schools. According to a press release issued by Purdue , the two campuses will offer federal student loans only through the U.S. Department of Read More...

Filed under: college loans, direct lenders, direct lending schools, federal college loans, Federal Family Education Loan Program, federal student loans, FFELP, NextStudent, Pamela Horne, private lenders, Purdue, Purdue North Central, Purdue University, Purdue West Lafayette, student loan credit market, student loans

Sen. Hillary Clinton Unveils Plan to Tackle the Student Loan Crisis
29 April 08 10:56 AM | Student Loan Girl | 0 Comments   

Sen. Hillary Rodham Clinton recently announced the details of a sweeping plan to help ensure students have continued access to federal student loans amid a flurry of private lenders leaving the federal student loan program. “Hundreds of thousands of students Read More...

Filed under: college, college loans, decision 2008, democratic primary, Department of Education, ecomonmic slowdown, Education Department, Federal Direct Loan Program, Federal Family Education Loan Program, federal loans, Federal Student Loan Program, federal student loans, FFELP, Hillary Clinton, mortgage crsis, mortgage industry, mortgage meltdown, NextStudent, parent PLUS loans, PLUS Loans, predatory lending, presidential candidates, presidential primaries, private loans, private student loans, recession, Senator Hillary Rodham Clinton, student loan crisis, student loan information, student loans

Kennedy to Colleges: Have Back-Up Plan for Students
21 April 08 05:34 PM | Student Loan Girl | 0 Comments   

In a letter sent to the American Council on Education on April 15, Sen. Edward Kennedy , D-Mass., the chairman of the Senate Education Committee, urged colleges to sign up for the Department of Education’s Federal Direct Loan Program as a preventive measure Read More...

Filed under: American Council on Education, college, college loans, credit crunch, Department of Education, direct lending, Edward Kennedy, Federal Direct Loan Program, Federal Family Education Loan Program, FFELP, FinAid, FinAid.org, NextStudent, private student loans, Sen. Edward Kennedy, Strengthening Student Aid Act of 2008, student loan crisis, Student Loan Legislation, student loans

Kentucky Lender Puts Brakes on Student Loans to New Borrowers
21 April 08 02:50 PM | Student Loan Girl | 0 Comments   

Citing ongoing fallout from the national capital market crisis, Kentucky officials announced the state’s student loan agency will stop making student loans to first-time borrowers beginning May 1 until it can secure additional financing, according to Read More...

Filed under: college, college loans, credit crisis, credit crunch, Federal Family Education Loan Program, Federal Financing Bank, FFELP, Kentucky student loans, Loan Forgiveness, Nancy C. Rodriguez, NextStudent, private student loans, student loan crunch, student loans, The Courier-Journal, The Kentucky Higher Education Student Loan Corp. The Student Loan People, U.S. Treasury

Department of Education Planning Emergency Financial Aid Survey
18 April 08 04:45 PM | Student Loan Girl | 0 Comments   

In an effort to better gauge the availability of federal student loans, the U.S. Department of Education is planning to issue an emergency survey to the 4,500 colleges that participate in the Federal Family Education Loan Program. With almost 50 FFELP Read More...

Filed under: College Access, college loans, credit crisis, Department of Education, Education Department, Federal Family Education Loan Program, Federal Register, FFELP, Margaret Spellings, NextStudent, private student loans, recession, Spellings, student loan crisis, student loans