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President Bush Signs Legislation That Boosts Availability of Student Loans
08 May 08 09:15 AM
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Student Loan Girl
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On May 7, President George Bush signed into law legislation intended to help stabilize the $85-billion student loan industry and to avert a predicted shortage in student loans. The law will allow the U.S. Department of Education to buy bundled student
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Pennsylvania Student Loan Agency to Cut Grant Aid, Offer Employee Buyouts
30 April 08 05:06 PM
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Student Loan Girl
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Pennsylvania’s student-loan agency will cut college grant amounts for the 2008–09 academic year by up to $750 and will offer voluntary buyouts to some of its nonunion employees in an effort to keep the company afloat. The Pennsylvania Higher Education
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Kentucky Lender Puts Brakes on Student Loans to New Borrowers
21 April 08 02:50 PM
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Student Loan Girl
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Citing ongoing fallout from the national capital market crisis, Kentucky officials announced the state’s student loan agency will stop making student loans to first-time borrowers beginning May 1 until it can secure additional financing, according to
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Credit Unions Offer Themselves as Partial Solution to Looming Student Loan Crisis
12 April 08 11:19 AM
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Student Loan Girl
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In the last six months alone, since legislators eliminated over $21 billion in subsidies to student loan lenders in the Federal Family Education Loan Program, at least 44 FFELP lenders have stopped originating federal student loans. This exodus of lenders
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Financial Industry Woes Affecting Commercial Education
10 March 08 07:02 AM
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Student Loan Girl
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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
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