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Wyoming’s Largest Student Lender to Stop Making Student Loans
02 November 09 08:02 AM | Student Loan Girl | 0 Comments   
The largest student loan lender in Wyoming, the nonprofit Wyoming Student Loan Corp., also known as WyoLoan, has announced that it will no longer be issuing any new parent or student loans beginning April 1, 2010. Read More...
‘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...
House Panel Moves to Regulate Private Student Loans
26 October 09 01:23 PM | Student Loan Girl | 2 Comments   
Despite strong Republican opposition and forceful lobbying from banks and business groups, the House Financial Services Committee voted on Thursday to approve the creation of a new federal Consumer Financial Protection Agency, laying the groundwork for expanded federal oversight of private student loans. Read More...
Students Could Wave Goodbye to Merit–Based Federal Aid
25 June 09 09:41 AM | Student Loan Girl | 1 Comments   
In another move to restructure the federal financial aid system, President Obama has proposed ending the government’s five-year foray into merit-based student aid and redirecting those financial aid funds to the need-based Pell Grant program, reports Read More...
Overhaul of Student Loan System in the Works
22 June 09 08:30 AM | Student Loan Girl | 0 Comments   
A bill to overhaul the student loan industry may reach Congress as early as next week; education-committee chairs are working behind the scenes on a piece of legislation that would eliminate the third-party student loan system called the Federal Family Read More...
Federal Student Loan Lenders Fight for Survival
30 March 09 04:52 PM | Student Loan Girl | 0 Comments   
In what is being viewed as a direct hit to private third-party lenders in the Federal Family Education Loan Program who are fighting to keep the program alive, the U.S. Department of Education’s preliminary data paints the FFEL program as a costly and Read More...
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Groups Say Forgiving Student Loan Debt Would Boost Economy
25 March 09 05:16 PM | Student Loan Girl | 0 Comments   
As student loan debt continues to rise — jumping to $20,098 per graduating student loan borrower in 2007 from $18,796 in 2006 — and employment prospects continue to worsen, college graduates are experiencing greater difficulty repaying their student loans, Read More...
Student Loan Lending Still Going Strong
12 January 09 04:34 PM | Student Loan Girl | 0 Comments   
Despite being hampered last year by a lack of investors and a lack of access to credit, federal student loan lenders are surviving the economic crisis — making the student loan market one of the few lending industries still able to thrive this year, The Read More...
Sen. Schumer Calls for Government to Protect Student Loans Amid Passage of $700 Billion Bailout Bill
14 October 08 01:17 PM | Student Loan Girl | 0 Comments   
Concerned that students who are eligible to go to college won’t be able to pay for their education costs in light of the current credit crisis and a steadily worsening economy, Sen. Charles Schumer is urging the federal government to make sure student Read More...
President Bush Signs Legislation That Boosts Availability of Student Loans
08 May 08 09:15 AM | Student Loan Girl | 0 Comments   
On May 7, President George Bush signed into law legislation intended to help stabilize the $85-billion student loan industry and to avert a predicted shortage in student loans. The law will allow the U.S. Department of Education to buy bundled student Read More...
Bush Urges Congress to Act Quickly on Student Lending Law
02 May 08 04:06 PM | Student Loan Girl | 0 Comments   
“A slowdown in the economy shouldn't mean a downturn in educational opportunities,” said President Bush in his most recent radio address. “Members of Congress now have a chance to preserve this opportunity, and they should take it.” His remarks were the Read More...
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...
Who Wants More Money for College?
13 June 07 12:01 AM | Student Loan Girl | 0 Comments   
The easy answer is “everyone does,” of course. This is especially true if you are putting yourself through school and do not have mom and dad to help you pay for your college education. But, whether you are just starting out or even one year away from Read More...
New Student Loan Legislation
27 April 07 07:28 PM | Student Loan Girl | 0 Comments   
Student loans are the hot topic lately in the 110th Congress. It seems as if a day does not go by that there is not a new development. Barry Stevens created the following list that appeared in the April 26, 2007 issue of the National Council of Higher Read More...
Update Status on Student Loan Legislation
23 March 07 02:09 PM | Student Loan Girl | 0 Comments   
Over the past couple of months, the U.S. Congress has been chock-full of impending student loan legislation. Just in case you have been confused, below is a summery of bills that have been introduced into the 110th Congress that originally appeared in Read More...
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