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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

Survey Indicates Significant Number of Colleges May Switch to Direct Lending Program
08 May 08 04:36 PM | Student Loan Girl | 0 Comments   

In the last few months, the number of lenders who have exited or suspended participation in the guaranteed Family Federal Education Loan Program has ballooned to 66 organizations, according to FinAid.org , leaving many schools wondering if their students Read More...

Filed under: college, Direct Loan Program, DLP, Doug Lederman, Federal Family Education Loan Program, FFELP, financial aid, Inside Higher Ed, NextStudent, student loans, tuition

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

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

Kentucky Lender Puts Brakes on Student Loans to New Borrowers
21 April 08 02:50 PM | Student Loan Girl | 0 Comments   

Citing ongoing fallout from the national capital market crisis, Kentucky officials announced the state’s student loan agency will stop making student loans to first-time borrowers beginning May 1 until it can secure additional financing, according to Read More...

Filed under: college, college loans, credit crisis, credit crunch, Federal Family Education Loan Program, Federal Financing Bank, FFELP, Kentucky student loans, Loan Forgiveness, Nancy C. Rodriguez, NextStudent, private student loans, student loan crunch, student loans, The Courier-Journal, The Kentucky Higher Education Student Loan Corp. The Student Loan People, U.S. Treasury

Credit Unions Offer Themselves as Partial Solution to Looming Student Loan Crisis
12 April 08 11:19 AM | Student Loan Girl | 0 Comments   

In the last six months alone, since legislators eliminated over $21 billion in subsidies to student loan lenders in the Federal Family Education Loan Program, at least 44 FFELP lenders have stopped originating federal student loans. This exodus of lenders Read More...

Filed under: capital, Chronicle of Higher Education, college, Congress, credit crisis, credit crunch, credit unions, Education, Edward Kennedy, Federal Family Education Loan Program, FFELP, FinAid, financial aid, Higher Education Act, Kennedy, lenders, liquidity, Mark Kantrowitz, Michael Kim, mortgages, NextStudent, nonprofit, Paul Basken, shortage, student loans, subprime, subsidies, UFCU, University Federal Credit Union, University of Southern California, University of Wisconsin, USC, USC Credit Union, UW Credit Union, UWCU