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Student Loan Crunch Affected Some Private Schools, But Crisis Largely Avoided
28 October 08 01:59 PM | Student Loan Girl | 0 Comments   

The student loan crunch that began this past spring failed to become the widespread crisis that experts predicted, according to the results of a survey by the National Association of Independent Colleges and Universities . Still, the NAICU reports, some Read More...

Filed under: bankruptcy, college, college costs, College Enrollment, college financial aid, college loans, David Warren, enrollment, Federal Family Education Loan Program, financial aid, Lehman Brothers, NAICU, NAICU survey, National Association of Independent Colleges and Universities, NextStudent, paying for college, private lenders, Sarah Flanagan, Student Aid, student loan crisis, student loan crunch, student loans, The Chronicle of Higher Education, third party lenders, tuition

Bank of America Backs Out of Private Student Loan Business
19 April 08 02:03 PM | Student Loan Girl | 1 Comments   

On April 17, Bank of America Corp. notified student-loan packager First Marblehead Corp. that it would no longer offer private student loans, focusing instead on providing federal student loans. Bank of America’s announcement comes amid increasing unsteadiness Read More...

Filed under: Bank of America, bankruptcy, Boston Business Journal, Chapter 11, college, college loans, credit crisis, federal loans, federal student loans, FFELP, financial aid, First Marblehead, FMC, NextStudent, private loans, private student loans, revenue, shares, student loan market, student loans, TERI, The Education Resources Institute