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Proposed Bailout for Massachusetts Student Loan Authority Uncertain
15 August 08 06:42 PM | Student Loan Girl | 0 Comments   

A third attempt to generate liquidity for the Massachusetts Educational Financing Authority may be too little too late for some 40,000 Massachusetts college students. With proposals from both the state’s governor and treasurer fizzling out, the student loan agency is attempting to raise funds from large investors through a new public bond offering — a deal that wouldn’t be finalized until September. Read More...

Filed under: bond issues, bond offerings, bonds, Boston Globe, college, college loans, credit crisis, credit crunch, Cyndi Roy, Deval Patrick, economic downturn, economy, financial aid, HESAA, Higher Education Student Assistance Authority, Massachusetts Educational Financing Authority, MEFA, NextStudent, paying for college, private student loans, student loan crisis, student loans, subprime mortgage crisis, subprime mortgage crisis fallout, Timothy Cahill, tuition

Massachusetts College Students Lose Funding Source for Student Loans
29 July 08 01:41 PM | Student Loan Girl | 0 Comments   

For the first time in its nearly 30-year history, The Massachusetts Educational Financing Authority won’t be offering student loans this fall to the 40,000 borrowers it serves, according to an article in The New York Times (“ Agency in Massachusetts Is Read More...

Filed under: bond insurer, college, college funding sources, college loans, college savings plan, economy, fees, Massachusetts Educational Financing Authority, Massachusetts student loan agency, MEFA, NextStudent, private student loans, room and board, student loan lenders, student loans, subprime mortgage crisis, tuition, U.Fund

Community Colleges Eliminate Friday Classes to Help Students Cut Gas Costs
19 May 08 07:54 PM | Student Loan Girl | 0 Comments   

Several two-year schools with large numbers of commuter students have reduced the length of their academic week from five days to four in an effort to reduce their students’ commute and help them save money on gas. Making class sessions longer, these Read More...

Filed under: Andy Guess, class schedules, classes, college, college loans, community college, credit crunch, economy, gas, Inside Higher Ed, Meridian Community College, NextStudent, prices, private student loans, Scott Elliott, student loans, summer school, Two-Year Colleges

Financial Industry Woes Affecting Commercial Education
10 March 08 07:02 AM | Student Loan Girl | 0 Comments   

The current credit crisis, combined with recent legislation cutting federal subsidy payments to student loan companies that make federally guaranteed student loans, has begun to take a noticeable toll on commercial education companies. The past few months Read More...

Filed under: borrowers, Career Education Corporation, college, commercial education, community college, Corinthian Colleges, credit crisis, credit crunch, Credit History, credit requirements, economy, Fed, Federal Reserve, financing, income, ITT, ITT Tech, Jonathan Glater, Michael Dannenberg, New America Foundation, New York Times, NextStudent, private student loans, risk, student loan companies, student loans, subprime, tuition