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‘Gap Loans’ at For-Profit Colleges Escape Proposed Legislation
27 October 09 12:47 PM | Student Loan Girl | 0 Comments   

While acting last Thursday to approve the creation of a Consumer Financial Protection Agency, which will expand federal oversight of private student loans, a Congressional panel at the same time voted to reject a proposal that would have included school-sponsored “gap loans” under the authority of the new CFPA. Read More...

Filed under: Barney Frank, Career Education Corporation, college loans, Consumer Financial Protection Agency, Consumer Financial Protection Agency Act, Corinthian Colleges, Deanne Loonin, Education Sector, federal student loans, FinAid, FinAid.org, financial aid, for-profit colleges, gap financing, gap funding, gap loans, H.R. 3126, H.R. 4137, Higher Education Act, Higher Education Act Reauthorization, Higher Education Opportunity Act, Institute for College Access and Success, ITT Tech, Jeff Silber, Justin Pope, Lauren Asher, Mark Kantrowitz, Maxine Waters, National Consumer Law Center, NextStudent, private student loans, proprietary colleges, student loan defaults, student loan lawsuits, Student Loan Legislation, student loans, TICAS, TILA, Truth in Lending Act, Westwood Colleges

FAFSA Discourages Students From Applying for Federal Loans
10 June 09 02:10 PM | Student Loan Girl | 0 Comments   

A large proportion of students who only take out non-federal private student loans to finance their education aren’t applying for federal financial aid at all, and it’s the application itself that may be culprit, a new study suggests (“ Nightmare Application Read More...

Filed under: college, college loans, Education Department, FAFSA, federal financial aid, federal student loans, FinAid, financial aid application process, Forbes, free application for student aid, Internal Revenue Service, Mark Kantrowitz, NextStudent, President Obama, private student loans, Student Aid, student loan industry, student loans, U.S. Department of Education

Citibank Suspends Student Loan Program for International Students
15 October 08 06:04 PM | Student Loan Girl | 0 Comments   

Citibank announced it is canceling its private student loan program for international students in an effort to minimize its financial risk during the global financial crisis, Bloomberg reports (“ Citigroup Curbs Foreign-Student Loans at Harvard, MIT, Read More...

Filed under: Bank of America, Bloomberg, CitiAssist, Citibank, college loans, cosigner, Elizabeth Hicks, FinAid.org, financial aid, foreign students, Harvard University, International Students, Mark Kantrowitz, MIT, NextStudent, private student loans, Sloan School of Management, student loan defaults, student loans, University of Michigan

NextStudent to Be Spotlighted at Largest Virtual College Fair
10 July 08 09:06 AM | Student Loan Girl | 0 Comments   

Don Fenstermaker, the founder and CEO of NextStudent, will join noted names Mark Kantrowitz, publisher of FinAid.org, and Kim Clark, senior writer for U.S. World & News Report, as one of only a few financial aid experts to give a live streaming video keynote presentation on college financing at today’s CollegeWeekLive event. Read More...

Filed under: college, college fair, college loans, CollegeWeekLive, Education Finance Advisors, federal student loans, FinAid, FinAid.org, financial aid, financing, higher education, Kim Clark, Mark Kantrowitz, NextPath, NextStudent, paying for college, private student loans, Scholarship Search Engine, Scholarships, student loans, tuition, U.S. News & World Report