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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...

Filed under: Congressional Budget Office, Consumer Price Index, fate of student loan industry, Federal Family Education Loan Program, Federal Pell Grant Program, federal student loan lenders, Federal Student Loan Program, federal student loans, FFEL program, FFELP, FFEP lenders, NextStudent, Obama student loan plan, Pell Grants, private student loans, Sallie Mae, student loan industry, student loan laws, Student Loan Legislation, student loan overhaul, student loan regulation, student loans, The Chronicle of Higher Education, third party student loan lenders

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

Justice Department Should Weigh In On Student-Loan Loophole Scandal, Senator Says
08 October 08 04:57 PM | Student Loan Girl | 0 Comments   

Rep. Thomas Petri , R-Wis., wrote to Secretary of Education Margaret Spellings this week asking whether she plans to involve the Justice Department in the investigation of a federal subsidy loophole that benefited nonprofit student loan providers and Read More...

Filed under: Department of Justice, education department audit, education secretary, federal student loans, government subsidies, government subsidy programs, guaranteed student loan program, Justice Department, lender subsidies, Margaret Spellings, NextStudent, nonprofit student loan lenders, Paul Basken, private student loans, Representative Thomas Petri, Secretary of Education, student loan loopholes, student loan providers, student loan scandals, student loan subsidies, student loans, The Chronicle of Higher Education, U.S. Congress

Government’s Direct Lending Program Sees 43-Percent Increase in Volume
02 September 08 05:36 PM | Student Loan Girl | 0 Comments   

As cash-strapped lenders continue to drop out of the Federal Family Education Loan Program , the number of student loans originated for the 2008–09 school year through the government’s Direct Loan Program has increased by 43 percent, reports The Chronicle Read More...

Filed under: Anna Griswold, college, College Cost Reduction and Access Act, college loans, credit crisis, Department of Education, direct lending program, Direct Loan Program, Education Department inspector general, education secretary, Federal Family Education Loan Program, Federal Student Loan Program, federal student loans, FFEL program, FFELP, financial aid administrators, H.R. 2669, House Committee on Education and Labor, Margaret Spellings, NextStudent, Penn State, Penn State student loans, Pennsylvania Higher Education Assistance Agency, private lenders, private student loans, Student Lending Analytics, student loan crisis, subprime mortgage crisis fallout, The Chronicle of Higher Education

Provision of Higher Education Act May Force Schools to Spy on Online Students
28 July 08 09:24 PM | Student Loan Girl | 0 Comments   

Language in the bill, currently before Congress, to re-authorize the Higher Education Act could lead distance-learning institutions to use home-monitoring devices to police their students who take courses online, according to an article in The Chronicle Read More...

Filed under: Chronicle of Higher Ed, Colorado Community Colleges Online, Congress, distance learning, Excelsior College, higher education, Higher Education Act, home monitoring, home monitoring devices, internet classes, John Ebersole, NextStudent, online classes, online classwork, online courses, online degrees, online institutions, online learning, online schools, Postsecondary Education, private student loans, reauthorization, Rhonda Epper, student loans, test taking, The Chronicle of Higher Education, webcams

Proposed Bill Combines House, Senate Versions of the Higher Education Act
14 May 08 04:51 PM | Student Loan Girl | 0 Comments   

Congressional aides hope to finalize a renewal of the Higher Education Act by Memorial Day that merges different versions of the proposed bill passed separately by the House of Representatives and the Senate last year, according to an article in The Chronicle Read More...

Filed under: campus emergency, campus piracy, college, College Accreditation, college cost, college loans, college piracy, College Textbooks, Congress, Department of Educaiton, Education Department, education secretary, federal student loans, Higher Educationon Act, House of Representatives, illegal downloading, illegal downloads, Margaret Spellings, National Advisory Committee on Institutional Quality and Integrity, NextStudent, piracy, private student loans, Secretary of Education, student loans, texbooks, textbook publishers, The Chronicle of Higher Education, U.S. Senate

Entire First Class of New Medical College to Receive Full Scholarships
07 May 08 09:04 AM | Student Loan Girl | 0 Comments   

The new University of Central Florida College of Medicine , scheduled to open in 2009, will be the first medical school in the nation to extend full four-year scholarships to all 40 members of its inaugural class, writes Katherine Mangan of The Chronicle Read More...

Filed under: Association of American Medical Colleges, college, college loans, Darrell Kirch, Deborah German, Dr. Darrell G. Kirch, family medicine, Katherine Mangan, medical colleges, medical school, medical school loans, medical school scholarships, medical students, NextStudent, private student loans, Student Debt Relief Act, student loans, The Chronicle of Higher Education, University of Central Florida College of Medicine

Medical Institute to Provide $60-Million in Science Grants to Colleges
25 April 08 11:52 AM | Student Loan Girl | 0 Comments   

On April 22, the Howard Hughes Medical Institute , the largest private supporter of science education in America, announced the latest batch of colleges and universities to receive a total of $60 million in funding for science education, writes Jeffrey Read More...

Filed under: biological science, college, college loans, College Scholarships, grants, Howard Hughes Medical Institute, Jeffrey Brainard, NextStudent, Peter Bruns, private student loans, scholarship search, Science Education Alliance, science majors, student loans, The Chronicle of Higher Education

Tufts University to Help Graduates in Public-Service Repay Student Loans
24 April 08 10:31 AM | Student Loan Girl | 0 Comments   

Under a new student loan repayment program offered by Tufts University , graduates and undergraduates from the school who pursue jobs in public service could have a portion of their student loans forgiven. Tufts alumni from any graduating class who choose Read More...

Filed under: college, college loan consolidation, college loans, debt forgiveness, eBay, Elizabeth Farrell, federal consolidation loans, federal student loans, Jonathan M. Tisch College of Citizenship and Public Service, Loan Forgiveness, NextStudent, Omidyar-Tufts Microfinance Fund, Pierre Omidyar, private student loan consolidation, private student loans, public service, student loan debt, student loan forgiveness, student loan information, student loans, The Chronicle of Higher Education, Tufts University

Financial Aid Administrators Oppose New Preferred-Lender List Rule
23 April 08 06:01 PM | Student Loan Girl | 0 Comments   

The National Association of Student Financial Aid Administrators has asked the Department of Education to reconsider its interpretation of a new rule that requires colleges to have at least three student loan lenders that are not affiliated with each Read More...

Filed under: college, college loans, credit crisis, Department of Education, Education Department, financial aid administrators, Kelly Field, NASFAA, National Association of Student Financial Aid Administrators, NextStudent, Philip Day Jr., preferred lender lists, Preferred Lenders, private student loans, student loan crisis, student loans, The Chronicle of Higher Education