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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...

Filed under: budget reconciliation process, budget resolution, Chronicle of Higher Education Department of Education, college, college financial aid, college loans, Congress, direct lending, Direct Loan Program, Doug Lederman, Federal Family Education Loan Program, federal student loan model, financial aid, government spending plan, government subsidized bonds, guarantors, Inside Higher Ed, investors, Kelly Field, lawmakers, lender advocacy group, loan default, loan forgiveness programs, National Association of Student Financial Aid Administrators, NextStudent, nonprofit lenders, paying for college, Philip R. Day Jr, President Obama, private lenders, student loan debt, student loan reform, student loans, tax credit, tuition

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...

Filed under: bank, Cliff Peale, college, college financial aid, college loans, Department of Education, Federal Family Education Loan Program, federal student loan program federal student loan, FFEL, Fifth Third Bank, FinAid, financial aid, improperly obtained loan, inducements, Inspector General, Kelly Field, Law School Financial, lenders, loan application, loan volume, MSA Solution Inc, NextStudent, Pacific Loan Processing, paying for college, student loans, The Chronicle of Higher Education, The Enquirer, tuition