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Students Could Wave Goodbye to Merit–Based Federal Aid
25 June 09 09:41 AM | Student Loan Girl | 1 Comments   

In another move to restructure the federal financial aid system, President Obama has proposed ending the government’s five-year foray into merit-based student aid and redirecting those financial aid funds to the need-based Pell Grant program, reports Read More...

Filed under: Academic Competitiveness Grants, college, college grants, college loans, Department of Education, Education department inspector general, Education Department, education secretary, federal financial aid system, federal financial aid, federal grants, Financial Aid Officers, foreign language grants, freshman grants, junior grants, low income students, Margaret Spellings, math grants, merit aid, National Science and Mathematics Access to Retain Talent grants, need based aid, NextStudent, Obama proposals, Pell Grant program, Pell Grants, science grants, senior grants, SMART Grants, sophomore grants, Student Aid, Student Loan Legislation, the american council on education, The Chronicle of Higher Education

MyRichUncle Stops Making Student Loans, Files for Bankruptcy
18 February 09 05:06 PM | Student Loan Girl | 0 Comments   

MyRichUncle, the student loan company that “caustically ridiculed the financial ties between colleges and student loan companies” has filed for Chapter 7 bankruptcy, The Chronicle of Higher Education reports (“ Student-Loan Industry’s Caustic Rebel Now Read More...

Filed under: admissions offices, Andrew Cuomo, bankruptcy, Chronicle of Higher Education, college loans, college planning company, Cuomo investigation of student loan lenders, deceptive marketing practices, Embark, Financial Aid Officers, lender code of conduct, MyRichUncle, NextStudent, student loan companies, student loans, The Princeton Review

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: 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