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Nonprofit Lenders Hurt by Legislation Intended to Help Them
01 August 08 06:53 PM | Student Loan Girl | 0 Comments   

As lenders continue to scale back or suspend their student loan programs amid a troubled economy and now-unprofitable federal education loans, newer legislation designed to help struggling lenders — nonprofit student loan providers in particular — may be doing more harm than good. Read More...

Filed under: Chronicle of Higher Education, College Cost Reduction and Access Act, college loans, credit crisis, Department of Educaiton, Education Finance Council, EFC, Ensuring Continued Access to Student Loans Act, federal student loans, financial aid, Interest Rates, National Council of Higher Education Loan Programs, NCHELP, NextStudent, Paul Basken, Peter Warren, Shelly Repp, Stafford Loans, student loan availability, student loans, subprime mortgage crisis

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