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Proposed Bailout for Massachusetts Student Loan Authority Uncertain
15 August 08 06:42 PM
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Student Loan Girl
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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.
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Governor Launches Website to Help Massachusetts Families Find Student Loans
07 August 08 04:32 AM
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Student Loan Girl
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Massachusetts Gov. Deval Patrick has set up a financial assistance website to help the 40,000 families who were previously served by the Massachusetts Educational Financing Authority to find a new student loan provider for the 2008–09 academic year, following
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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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Wesleyan University Student-Pioneered Endowment First of Its Kind
05 May 08 10:25 AM
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Student Loan Girl
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The student government at Wesleyan University in Middletown, Connecticut, has established an endowment that it hopes will eventually eliminate the $270 activity fee required of all students, writes Charles Proctor of The Hartford Courant (“ Wesleyan Students
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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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Arkansas Offers State Student Loan Agency $80M Line of Credit
24 April 08 04:53 PM
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Student Loan Girl
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The Arkansas state student loan authority has been tentatively approved for an $80 million loan after an announcement that it may not be able to continue issuing student loans without financial assistance. The state board of finance, the investment arm
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Kennedy to Colleges: Have Back-Up Plan for Students
21 April 08 05:34 PM
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Student Loan Girl
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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
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