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Students Could Wave Goodbye to Merit–Based Federal Aid
25 June 09 09:41 AM | Student Loan Girl | 1 Comments   
In another move to restructure the federal financial aid system, President Obama has proposed ending the government’s five-year foray into merit-based student aid and redirecting those financial aid funds to the need-based Pell Grant program, reports Read More...
More Schools Offering Direct Student Loans
13 March 09 02:25 PM | Student Loan Girl | 0 Comments   
The direct student loan program — which President Obama wants to establish as the sole provider of federal student loans by 2010 — is swiftly gaining ground on the Federal Family Education Loan Program. Read More...
Auditors Accuse Bank of Illegally Getting Student Loans
09 January 09 02:20 PM | Student Loan Girl | 0 Comments   
A recently completed audit of Fifth Third Bank — the 20th largest lender of federal student loans in the country according to college financial aid site FinAid — found that the bank violated federal law by illegally paying three companies for loan applications Read More...
Student Loan Providers Get More Help From the Government
13 November 08 03:39 PM | Student Loan Girl | 0 Comments   
In a move intended to avoid a shortfall in student loans next year, Congress has expanded the government program to buy federally guaranteed student loans from private lenders. Under the updated loan-purchase plan, the Education Department can now buy Read More...
Changes to Student Loan Repayment Programs Not Enough, Advocates Say
30 October 08 11:34 AM | Student Loan Girl | 0 Comments   
Despite 1,500 individuals and a dozen national organizations pushing for further changes to legislative provisions that help low-income college students repay their student loans, the Education Department recently issued the provisions’ final regulations Read More...
Government Warns: Pell Grant Program in Trouble
22 September 08 02:47 PM | Student Loan Girl | 0 Comments   
Without additional taxpayer funds next year, the government’s “most important” federal financial aid program may be unable to provide Pell Grants to millions of eligible low-income students, likely pricing these students out of a higher education, according Read More...
State Approves $50-Million Bridge Loan, Kentucky Students Will Finally See Their Student Loans
04 September 08 05:26 PM | Student Loan Girl | 0 Comments   
Students attending colleges and universities in Kentucky, many of whom have already begun their fall semester, will soon receive their federal student loans now that the state has finalized its $50 million bridge-loan deal with the state’s nonprofit student Read More...
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...
Unfinished Business: Congress May Break Before Higher-Ed Bills Reviewed
03 July 08 04:08 PM | Student Loan Girl | 0 Comments   
While Congress is heading home for its annual Fourth of July recess, there are still many higher-education bills and pieces of legislation that need to be addressed before they break, according to an article in The Chronicle of Higher Education (“ Higher- Read More...
In Fight to Lower Tuition, Small Universities May Be Harmed
25 June 08 03:43 PM | Student Loan Girl | 0 Comments   
Some small U.S. colleges and universities are concerned that they may be the target of a new bill that would force schools with multi -billion dollar endowments, like Harvard , to reduce their tuition costs, and place other high-tuition institutions without Read More...
Word to the Wise on New Loan Forgiveness Programs: You May Not Qualify
10 June 08 03:56 PM | Student Loan Girl | 1 Comments   
College students looking to relieve their federal student loan debt “will be sorely disappointed” with the government’s new loan forgiveness programs that will begin in 2009, according to an article in U.S. News & World Report (“ The Problem with Read More...
Sen. Hillary Clinton Unveils Plan to Tackle the Student Loan Crisis
29 April 08 10:56 AM | Student Loan Girl | 0 Comments   
Sen. Hillary Rodham Clinton recently announced the details of a sweeping plan to help ensure students have continued access to federal student loans amid a flurry of private lenders leaving the federal student loan program. “Hundreds of thousands of students Read More...
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...
Kennedy to Colleges: Have Back-Up Plan for Students
21 April 08 05:34 PM | Student Loan Girl | 0 Comments   
In a letter sent to the American Council on Education on April 15, Sen. Edward Kennedy , D-Mass., the chairman of the Senate Education Committee, urged colleges to sign up for the Department of Education’s Federal Direct Loan Program as a preventive measure Read More...
Availability of Federal Perkins Student Loans Is Dwindling
13 April 08 10:28 AM | Student Loan Girl | 0 Comments   
A growing shortage of funds in the federal Perkins student loan program could affect as many as 50,000 students in the upcoming academic year, according to a recent article in U.S. News & World Report . Students who would have been eligible to receive Read More...

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