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With Government’s Help, Lenders Returning to Federal Student Loan Market
05 June 08 02:08 PM | Student Loan Girl | 0 Comments   

A number of lenders who abandoned the federal student loan market in recent months may be returning, in light of a new law designed to keep struggling lenders afloat, according to a Dow Jones Newswires article. Many of the 102 companies that scaled back Read More...

Filed under: Brett Lief, Citibank, college loans, Community Colleges, Dow Jones Newswires, Ensuring Continued Access to Student Loans Act, Federal Family Education Loan Program, federal student loans, FFELP, HR 5715, JPMorgan Chase, Kentucky Higher Education Assistance Authority, National Council of Higher Education Loan Programs, NCHELP, Nelnet, NextStudent, Northstar Education Finance Inc., PNC, Sallie Mae, student loan lenders, student loan market, student loans, SunTrust, Two-Year Colleges

Banks Become More Selective, Leaving Some Colleges Without Student Loans
02 June 08 05:49 PM | Student Loan Girl | 0 Comments   

Students at community colleges, for-profit universities, and other less competitive institutions may soon have trouble finding a lender willing to offer them federal student loans. Citibank, JP Morgan Chase, PNC, and SunTrust are no longer offering student loans to certain colleges — schools that the banks have determined tend toward higher default rates, fewer borrowers, and small loan amounts that make business less profitable. Read More...

Filed under: Citibank, College Board, college loans, community college, federal student loans, financial aid, Jonathan D. Glater, JPMorgan Chase, Nelnet, New York Times, NextStudent, Perkins loans, PLUS Loans, PNC, private student loans, Sallie Mae, SLC, Stafford Loans, student debt, Student Loan Corporation, student loan lenders, student loans, SunTrust, tuition, Wells Fargo, William Jessup University

Sallie Mae Mistakenly Reports Up to 1 Million Borrowers Delinquent
14 May 08 05:42 PM | Student Loan Girl | 0 Comments   

As many as 1 million Sallie Mae customers may be experiencing problems with their credit scores after the student loan company erroneously reported some of its borrowers’ student loan accounts as delinquent. Sallie Mae’s customers on graduated or extended Read More...

Filed under: borrowers, college loans, credit score, credit scores, delinquent student loans, Equifax, extended repayment plan, graduated repayment plan, NextStudent, Sallie Mae, student loan borrowers, student loans