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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...
SEC Investigates University of Phoenix Owner, Apollo Group
29 October 09 12:03 PM | Student Loan Girl | 0 Comments   
Apollo Group Inc., the parent company of the University of Phoenix, the largest for-profit college in the country, announced on Tuesday that the Securities and Exchange Commission has launched an “informal inquiry” into the company’s revenue accounting practices for the second time this year. 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...
Anticipating a Falloff in Student Loan Defaults
22 October 09 12:47 PM | Student Loan Girl | 0 Comments   
After hitting a new high of $443 million in charge-offs on its student loans this past quarter, major student lender Sallie Mae anticipates a slowdown in these student loan defaults, the company announced during its third-quarter earnings call yesterday. Read More...
Cost of College Continues to Climb, Even in a Recession
21 October 09 01:14 PM | Student Loan Girl | 0 Comments   
Even as the recession has depressed consumer prices and the cost of living has fallen over the last year, college tuition rose in 2009, with the largest percentage increases coming at community colleges and public four-year schools — the mounting expense of an education revealed in the College Board’s latest reports on financial aid and the cost of college, released yesterday. Read More...
The Three-Year College Option
19 August 09 01:17 PM | Student Loan Girl | 0 Comments   
For some students, four years of a college education is simply too much to afford. But by accelerating their college career to reduce the amount of time they spend in the classroom, these student are able to reduce their overall cost of college. How do 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...
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...
Students Left Holding the Bag as Loan Forgiveness Programs Vanish
03 June 09 03:30 PM | Student Loan Girl | 0 Comments   
College graduates who were lured into high-need fields, including teaching, nursing, and public service, by programs that would forgive a portion or all of their student loans are receiving this sobering news: The cavalry isn’t coming after all. These Read More...
NextStudent Tool Helps Students Find Online Education Degree Programs
29 May 09 05:14 PM | Student Loan Girl | 0 Comments   
Students looking to finish their college degree, start a new career, or increase their earning potential now have a quick and easy way to find the best online education degree program that meets their needs, with NextStudent’s new eLearners college search Read More...
Report: High Scorers May Benefit Most From Standardized Test Preparation
27 May 09 01:35 PM | Student Loan Girl | 0 Comments   
Students who receive above-average scores on standardized college admissions tests, such as the SAT, may benefit the most from commercial test preparation services, according to new report from the National Association for College Admission Counseling, although the benefits of such test preparation may not outweigh the costs for many families. Read More...
Ohio Schools Prep for No-Cost College Education Program for Vets
19 May 09 03:53 PM | Student Loan Girl | 0 Comments   
Last summer Ohio Gov. Ted Strickland offered American military veterans worldwide a no-cost education at any of Ohio’s public colleges. The state has just now finished tallying its number of veteran students in preparation for the program’s Aug. 1, 2009 start date, the same day the new GI Bill goes into effect. Read More...
$17,000 Obama Scholarship to Be Awarded to 1,600 Arizona Students
15 May 09 02:01 PM | Student Loan Girl | 2 Comments   
Arizona State University officials have decided to rename the school’s largest financial aid program after President Barack Obama in honor of his commencement address to ASU’s 2009 graduating class. Read More...
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