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Shares of Corinthian Colleges Stock Take Nosedive Over Student Loan Defaults
28 August 08 06:56 PM
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Student Loan Girl
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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.
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With Government’s Help, Lenders Returning to Federal Student Loan Market
05 June 08 02:08 PM
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Student Loan Girl
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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
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Banks Become More Selective, Leaving Some Colleges Without Student Loans
02 June 08 05:49 PM
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Student Loan Girl
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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.
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Sallie Mae Mistakenly Reports Up to 1 Million Borrowers Delinquent
14 May 08 05:42 PM
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Student Loan Girl
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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
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