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Student Loan Providers May Get Government Help for One More Year
17 September 08 05:08 PM | Student Loan Girl | 0 Comments   

With problems in the credit markets continuing to plague student loan providers, the U.S. House of Representatives overwhelmingly approved a year-long extension of the Ensuring Continued Access to Student Loans Act , which allows the secretary of education Read More...

Filed under: aid extension, authority, buy student loans, cash-strapped lenders, college degree, college loans, colleges, Congress, credit market problems, credit markets, Department of Education, education secretary, Ensuring Continued Access to Student Loans Act, federal student loans, guarantee agencies, HR 5715, lender of last resort, loan accessibility, loan purchasing power, market conditions, NextStudent, private lenders, Secretary of Education, Senate, student loan lenders, student loans, third-party lenders, U.S. House of Representatives, universities

Governor Asks Pension Board, State’s Colleges to Help Keep Massachusetts Student Loan Provider Afloat
07 August 08 01:46 PM | Student Loan Girl | 0 Comments   

A week after the cash-strapped Massachusetts Educational Financing Authority announced that its 40,000 borrowers would have to find a new private student loan provider , Massachusetts Gov. Deval Patrick has asked the Massachusetts pension fund to invest Read More...

Filed under: bonds, Boston College, college, college loans, credit markets, Deval Patrick, fall tuition, fallout, federal loans, federal student loans, financial aid, Harvard, Massachusetts Educational Financing Authority, Massachusetts governor, MEFA, MIT, NextStudent, paying for college, pension fund, private student loans, Robert Connolly, state pension board, student loans, subprime mortgage crisis, The Boston Globe, Timothy Cahill, tuition, University of Massachusetts

Penn State’s Switch to Direct Loan Program Underway, So Far So Good
11 July 08 04:43 PM | Student Loan Girl | 0 Comments   

Pennsylvania State University said its transition over to the federal Direct Loan Program is going “smoothly.” Already about 3,000 borrowers have taken out $5 million in student loans under the new program this summer, according to an article in The Daily Read More...

Filed under: Anna Griswold, college loans, credit markets, Direct Loan Program, Federal Family Education Loan Program, federal student loan lenders, federal student loans, FFELP lenders, financial aid, graduate PLUS loans, NextStudent Scholarship Search Engine, parent PLUS loans, Pennsylvania State University, Stafford student loans, student loan borrowers, student loans, The Daily Collegian