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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...

Filed under: Albert Lord, college loans, Jack Remondi, NextStudent, private student loans, Sallie Mae, student loan credit crisis, student loan defaults, student loans, subprime mortgage crisis, subprime mortgage crisis fallout

Weakening Economy Contributes to Sallie Mae’s $159 Million Quarterly Loss
27 October 08 05:17 PM | Student Loan Girl | 0 Comments   

Student loan provider Sallie Mae reported a $159 million loss this quarter as the ongoing credit crisis continues to pose financial challenges for borrowers (“ Sallie Mae Reports $159-Million Loss and More Delinquencies by Borrowers ,” The Chronicle of Read More...

Filed under: college loans, delinquent borrowers, forbearance, John Remondi, NextStudent, private student loans, Sallie Mae, student loan borrowers, student loan delinquencies, student loans, The Chronicle of Higher Education

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

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