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Government Warns: Pell Grant Program in Trouble
22 September 08 02:47 PM | Student Loan Girl | 0 Comments   

Without additional taxpayer funds next year, the government’s “most important” federal financial aid program may be unable to provide Pell Grants to millions of eligible low-income students, likely pricing these students out of a higher education, according Read More...

Filed under: American Association of Collegiate Registrars and Admissions Officers, American Association of State Colleges and Universities, Barmak Nassirian, budget shortages, budget shortfalls, college, college loans, College Tuition, Congress, Continuing Education, Department of Education, Edward M. Elmendorf, federal budget cuts, federal financial aid, federal grants, financial aid programs, grant programs, Low-Income Students, NextStudent, Pell Grant program, Pell Grants, private student loans, Scholarships, state budget cuts, state budgets, student loans, The New York Times, tuition costs

State Approves $50-Million Bridge Loan, Kentucky Students Will Finally See Their Student Loans
04 September 08 05:26 PM | Student Loan Girl | 0 Comments   

Students attending colleges and universities in Kentucky, many of whom have already begun their fall semester, will soon receive their federal student loans now that the state has finalized its $50 million bridge-loan deal with the state’s nonprofit student Read More...

Filed under: bridge loans, college, college loans, Department of Education, Education Department, Edward Cunningham, Federal Education Loan Program, FFELP, FFELP lenders, Governor Steve Beshear, Kentucky Governor, Kentucky Higher Education Student Loan Corp., Kentucky student loans, News-Democrat Leader, NextStudent, private student loans, state student loan agencies, state student loan providers, student loan crisis, student loan providers, student loan purchase program, student loans, The Student Loan People, The Student Loan People CEO

Government’s Direct Lending Program Sees 43-Percent Increase in Volume
02 September 08 05:36 PM | Student Loan Girl | 0 Comments   

As cash-strapped lenders continue to drop out of the Federal Family Education Loan Program , the number of student loans originated for the 2008–09 school year through the government’s Direct Loan Program has increased by 43 percent, reports The Chronicle Read More...

Filed under: Anna Griswold, college, College Cost Reduction and Access Act, college loans, credit crisis, Department of Education, direct lending program, Direct Loan Program, Education Department inspector general, education secretary, Federal Family Education Loan Program, Federal Student Loan Program, federal student loans, FFEL program, FFELP, financial aid administrators, H.R. 2669, House Committee on Education and Labor, Margaret Spellings, NextStudent, Penn State, Penn State student loans, Pennsylvania Higher Education Assistance Agency, private lenders, private student loans, Student Lending Analytics, student loan crisis, subprime mortgage crisis fallout, The Chronicle of Higher Education

Unfinished Business: Congress May Break Before Higher-Ed Bills Reviewed
03 July 08 04:08 PM | Student Loan Girl | 0 Comments   

While Congress is heading home for its annual Fourth of July recess, there are still many higher-education bills and pieces of legislation that need to be addressed before they break, according to an article in The Chronicle of Higher Education (“ Higher- Read More...

Filed under: college, college loans, Department of Education, financial aid, Higher Education Act, National Institutes of Health, NextStudent, Pell Grant Increase, student financial aid, student loans, The Chronicle of Higher Education, tuition

In Fight to Lower Tuition, Small Universities May Be Harmed
25 June 08 03:43 PM | Student Loan Girl | 0 Comments   

Some small U.S. colleges and universities are concerned that they may be the target of a new bill that would force schools with multi -billion dollar endowments, like Harvard , to reduce their tuition costs, and place other high-tuition institutions without Read More...

Filed under: Bard College, Bates College, Buck McKeon, college, college loans, college wall of shame, college watch list, Department of Education, Edward Kennedy, financial aid, Harvard, Higher Education Act, Loans, NextStudent, Oliver Staley, reauthorized Higher Education Act, Rep. Buck McKeon, Sen. Edward Kennedy, skyrocketing tuition, student loans, tuition, wall of shame

Word to the Wise on New Loan Forgiveness Programs: You May Not Qualify
10 June 08 03:56 PM | Student Loan Girl | 1 Comments   

College students looking to relieve their federal student loan debt “will be sorely disappointed” with the government’s new loan forgiveness programs that will begin in 2009, according to an article in U.S. News & World Report (“ The Problem with Read More...

Filed under: college, college loans, College Savings Foundation, Department of Education, financial aid, Income-Based Repayment, Kim Clark, NextStudent, Project on Student Debt, student loans, tuition, U.S. News & World Report

Sen. Hillary Clinton Unveils Plan to Tackle the Student Loan Crisis
29 April 08 10:56 AM | Student Loan Girl | 0 Comments   

Sen. Hillary Rodham Clinton recently announced the details of a sweeping plan to help ensure students have continued access to federal student loans amid a flurry of private lenders leaving the federal student loan program. “Hundreds of thousands of students Read More...

Filed under: college, college loans, decision 2008, democratic primary, Department of Education, ecomonmic slowdown, Education Department, Federal Direct Loan Program, Federal Family Education Loan Program, federal loans, Federal Student Loan Program, federal student loans, FFELP, Hillary Clinton, mortgage crsis, mortgage industry, mortgage meltdown, NextStudent, parent PLUS loans, PLUS Loans, predatory lending, presidential candidates, presidential primaries, private loans, private student loans, recession, Senator Hillary Rodham Clinton, student loan crisis, student loan information, student loans

Financial Aid Administrators Oppose New Preferred-Lender List Rule
23 April 08 06:01 PM | Student Loan Girl | 0 Comments   

The National Association of Student Financial Aid Administrators has asked the Department of Education to reconsider its interpretation of a new rule that requires colleges to have at least three student loan lenders that are not affiliated with each Read More...

Filed under: college, college loans, credit crisis, Department of Education, Education Department, financial aid administrators, Kelly Field, NASFAA, National Association of Student Financial Aid Administrators, NextStudent, Philip Day Jr., preferred lender lists, Preferred Lenders, private student loans, student loan crisis, student loans, The Chronicle of Higher Education

Kennedy to Colleges: Have Back-Up Plan for Students
21 April 08 05:34 PM | Student Loan Girl | 0 Comments   

In a letter sent to the American Council on Education on April 15, Sen. Edward Kennedy , D-Mass., the chairman of the Senate Education Committee, urged colleges to sign up for the Department of Education’s Federal Direct Loan Program as a preventive measure Read More...

Filed under: American Council on Education, college, college loans, credit crunch, Department of Education, direct lending, Edward Kennedy, Federal Direct Loan Program, Federal Family Education Loan Program, FFELP, FinAid, FinAid.org, NextStudent, private student loans, Sen. Edward Kennedy, Strengthening Student Aid Act of 2008, student loan crisis, Student Loan Legislation, student loans

Availability of Federal Perkins Student Loans Is Dwindling
13 April 08 10:28 AM | Student Loan Girl | 0 Comments   

A growing shortage of funds in the federal Perkins student loan program could affect as many as 50,000 students in the upcoming academic year, according to a recent article in U.S. News & World Report . Students who would have been eligible to receive Read More...

Filed under: college, college loans, Department of Education, financial aid, funding, graduate students, Interest Rates, Kim Clark, Loans, Michigan State University, MSU, NextStudent, Ohio University, Perkins Loan Program, Perkins loans, Rick Shipman, State News, student loans, subsidized, U.S. News & World Report, undergraduate, University of Maryland