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Defaulted Student Loans Stuck in Credit-Freeze Induced Limbo
10 February 09 11:52 AM | Student Loan Girl | 0 Comments   

Thousands of student loan borrowers who have defaulted on their student loans — including 15,000 additional borrowers each month — are being forced to remain in default despite their efforts to bring their loans back into good standing, The Chronicle Read More...

Filed under: American Student Assistance, college loans, Congressional spending bill, credit crisis, credit freeze, Deanne Loonin, Department of Education, goverment bailout authority, government bailout program, government purchase program, government spending bill, Judy Ellis, Massachusetts student loan guarantor, Michael Ryan, National Consumer Law Center, National Council of Higher Educatiton Loan Programs, NextStudent, rehabilitated student loans, student loan borrowers, student loan defaults, student loan guarantor agencies, student loan guarantors, student loan market, student loan rehabilitation, student loans, SunTrust, Timothy Fitzgibbon

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

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

Department of Education Planning Emergency Financial Aid Survey
18 April 08 04:45 PM | Student Loan Girl | 0 Comments   

In an effort to better gauge the availability of federal student loans, the U.S. Department of Education is planning to issue an emergency survey to the 4,500 colleges that participate in the Federal Family Education Loan Program. With almost 50 FFELP Read More...

Filed under: College Access, college loans, credit crisis, Department of Education, Education Department, Federal Family Education Loan Program, Federal Register, FFELP, Margaret Spellings, NextStudent, private student loans, recession, Spellings, student loan crisis, student loans