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The Plot Thickens for the Future of Student Lending
13 April 09 05:00 PM | Student Loan Girl | 0 Comments   

It’s “all hands on deck” for federal student loan lenders, who have made it abundantly clear that they’re not going to roll over and accept the terms of the Obama administration’s proposal to axe their Federal Family Education Loan Program in favor of the Education Department’s Direct Loan Program without a fight. Read More...

Filed under: Albert Lord, Allen Boyd, college, college loans, Congressional Budget Office, default prevention, Direct Loan Program, Education Department, Federal Family Education Loan Program, federal loan program, federal student loans, FFEL program, FFELP lenders, Florida representatives, government bailout, government loan program, NextStudent, Obama administration, Pell Grant program, private lenders, representative Timothy Bishop, Sallie Mae, Southampton College, state loan guarantee agencies, student loan companies, student loan providers, student loans, The New York Times

Nurse Steals Patients’ Identities in Scheme to Obtain Student Loans
26 March 09 10:12 AM | Student Loan Girl | 0 Comments   

Risha Renee Shaw — who graduated in November 2008 as a licensed practical nurse from Keiser Career College — paid her way through school by fraudulently obtaining up to $18,000 in student loans. Read More...

Filed under: Bob Andelman, college, college financial aid, college loans, credit report, exploitation of the elderly, financial aid, fraud, fraudulent student loan, Helga Holsten, identity theft, Jamal Thalji, Keiser Career College, licensed practical nurse, NextStudent, paying for college, Pinellas County Jail, Risha Renee Shaw, Sallie Mae, St. Petersburg Times St. Petersburg police, student loan application fraud, student loans, tuition

More Schools Offering Direct Student Loans
13 March 09 02:25 PM | Student Loan Girl | 0 Comments   

The direct student loan program — which President Obama wants to establish as the sole provider of federal student loans by 2010 — is swiftly gaining ground on the Federal Family Education Loan Program. Read More...

Filed under: Barry Feierstein, college, college financial aid, college loans, Department of Education, Direct Loan Program, direct student loan program, Federal Family Education Loan Program, federal student loans, FFEL program, financial aid, NextStudent, originator of federal student loans, paying for college, poor customer service, President Obama, private student loan lenders, private third party lenders, Sallie Mae, Sandra Block, student loan default, student loan industry, student loans, surge in loan volume, tuition, USA Today

74% of Sallie Mae Loans Could Disappear Under Obama Plan
12 March 09 12:21 PM | Student Loan Girl | 0 Comments   

Sallie Mae — the largest provider of college student loans in the country — may ultimately see three quarters of its student loan business evaporate under a plan by President Obama that would end government subsidies to third-party lenders and establish the federal government as the sole provider of federal student loans. Read More...

Filed under: Arne Duncan, Billings, Bloomberg.com, Caroline Salas, college, college financial aid, college loans, Direct Loan Program, Education Secretary Arne Duncan, Federal Family Education Loan Program, federal government, federal student loans, FFELP, financial aid, Jody Shenn, Matt Snowling, NextStudent, paying for college, Portales Partners, President Obama, private lenders, private third party lenders, Sallie Mae, student borrowing, student loan marketplace, student loans, tuition, William Ryan

Shares of Corinthian Colleges Stock Take Nosedive Over Student Loan Defaults
28 August 08 06:56 PM | Student Loan Girl | 0 Comments   

Despite an 11.5-percent boost in student enrollment and an 18.3-percent growth in revenue over the last quarter, Corinthian Colleges saw its shares tumble in afternoon NASDAQ trading on Tuesday, amid investor fears of rising defaults on the school network’s student loans. Read More...

Filed under: Bloomberg, BMO Capital Markets, career colleges, CLC, college, College Loan Corp, college loans, Corinthian Colleges, credit crisis, default rates, financial aid, Forbes, Jack Massimino, Jeffrey Silber, Kenneth Ord, NextStudent, paying for college, private student loans, Ruthie Ackerman, Sallie Mae, stock values, student loan availability, student loan defaults, Student Loan Express, student loans, subprime, subprime mortgage crisis fallout, trade schools