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Wyoming’s Largest Student Lender to Stop Making Student Loans
02 November 09 08:02 AM | Student Loan Girl | 0 Comments   
The largest student loan lender in Wyoming, the nonprofit Wyoming Student Loan Corp., also known as WyoLoan, has announced that it will no longer be issuing any new parent or student loans beginning April 1, 2010. Read More...
Aid Administrators to Lawmakers: “Don’t Kill Guaranteed Student Loans”
24 March 09 05:02 PM | Student Loan Girl | 0 Comments   
Just as Congress is about to vote on President Obama’s plan to end the government’s Federal Family Education Loan Program, through which families get their student loans from private third-party lenders, a lender advocacy group is urging lawmakers to consider an alternative to the president’s proposal. Read More...
More Schools Offering Direct Student Loans
13 March 09 02:25 PM | Student Loan Girl | 0 Comments   
The direct student loan program — which President Obama wants to establish as the sole provider of federal student loans by 2010 — is swiftly gaining ground on the Federal Family Education Loan Program. Read More...
74% of Sallie Mae Loans Could Disappear Under Obama Plan
12 March 09 12:21 PM | Student Loan Girl | 0 Comments   
Sallie Mae — the largest provider of college student loans in the country — may ultimately see three quarters of its student loan business evaporate under a plan by President Obama that would end government subsidies to third-party lenders and establish the federal government as the sole provider of federal student loans. Read More...
Student Loan Lending Still Going Strong
12 January 09 04:34 PM | Student Loan Girl | 0 Comments   
Despite being hampered last year by a lack of investors and a lack of access to credit, federal student loan lenders are surviving the economic crisis — making the student loan market one of the few lending industries still able to thrive this year, The Read More...
Auditors Accuse Bank of Illegally Getting Student Loans
09 January 09 02:20 PM | Student Loan Girl | 0 Comments   
A recently completed audit of Fifth Third Bank — the 20th largest lender of federal student loans in the country according to college financial aid site FinAid — found that the bank violated federal law by illegally paying three companies for loan applications Read More...
Direct Loan Program Gaining Ground on Bank-Based FFEL Program
29 October 08 04:27 PM | Student Loan Girl | 0 Comments   
According to a recent survey of college financial aid directors, the federal government’s Direct Loan Program — through which families get federal student loans directly from the Department of Education — could eclipse the government’s now dominant Federal Read More...
Student Loan Crunch Affected Some Private Schools, But Crisis Largely Avoided
28 October 08 01:59 PM | Student Loan Girl | 0 Comments   
The student loan crunch that began this past spring failed to become the widespread crisis that experts predicted, according to the results of a survey by the National Association of Independent Colleges and Universities . Still, the NAICU reports, some Read More...
Sen. Schumer Calls for Government to Protect Student Loans Amid Passage of $700 Billion Bailout Bill
14 October 08 01:17 PM | Student Loan Girl | 0 Comments   
Concerned that students who are eligible to go to college won’t be able to pay for their education costs in light of the current credit crisis and a steadily worsening economy, Sen. Charles Schumer is urging the federal government to make sure student Read More...
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...
Penn State’s Switch to Direct Loan Program Underway, So Far So Good
11 July 08 04:43 PM | Student Loan Girl | 0 Comments   
Pennsylvania State University said its transition over to the federal Direct Loan Program is going “smoothly.” Already about 3,000 borrowers have taken out $5 million in student loans under the new program this summer, according to an article in The Daily Read More...
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...
Survey Indicates Significant Number of Colleges May Switch to Direct Lending Program
08 May 08 04:36 PM | Student Loan Girl | 0 Comments   
In the last few months, the number of lenders who have exited or suspended participation in the guaranteed Family Federal Education Loan Program has ballooned to 66 organizations, according to FinAid.org , leaving many schools wondering if their students Read More...
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...

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