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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

Governor Launches Website to Help Massachusetts Families Find Student Loans
07 August 08 04:32 AM | Student Loan Girl | 0 Comments   

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 Read More...

Filed under: bond sale, bonds, Boston College, college, college loan, college loans, credit crisis, credit crunch, Deval Patrick, economic downturn, economy, federal loans, federal student loans, financial aid, Gov Patrick, Harvard, Massachusetts, Massachusetts Educational Financing Authority, MEFA, MIT, NextStudent, paying for college, student loan crisis, student loans, subprime mortgage crisis, subprime mortgage crisis fallout, tuition, University of Massachusetts

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

Feeling the Pinch of Rising Food and Gas Prices, Students Flock to Food Banks
29 July 08 12:42 PM | Student Loan Girl | 0 Comments   

The rising cost of food and gas has become so taxing for some students that food banks in college towns are beginning to see an influx of students, according to an Associated Press article (“ Struggling College Students Turn to Food Banks ,” July 26, Read More...

Filed under: Associated Press, college finances, College Funding, college loans, Community College of Denver, Cornucopia Food Pantry, Doug McManaway, economic downturn, economy, financial instability, food banks, food costs, food prices, food stamps, food-assistance, gas prices, Larry Brickner-Wood, NextStudent, recession, student loans, University District Food Bank, University of New Hampshire, University of Washington, work study

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

As Food Prices Rise, Cost of Campus Meal Plans Going Up
09 May 08 06:05 PM | Student Loan Girl | 1 Comments   

College students may see a sharp spike in the cost of their on-campus meal plans this fall due to rising food prices. Several schools have already announced that they intend to increase their meal-plan prices next year, and it’s likely that many more schools will follow. Read More...

Filed under: Chronicle of Higher Education, Clemson, college, college loans, costs, dining halls, dining services, dorm life, eating, economy, food, food service, Louisiana State University, marketing, meal plans, NextStudent, Ohio University, on-campus, pizza, prices, revenue, room and board, student life, student loans, trays, University of Miami, Western Washington University

Bear Stearns Takeover Leaves Business-School Students Scrambling
14 April 08 08:13 PM | Student Loan Girl | 0 Comments   

BearStearns CEO, Jimmy Cayne, seems to have been the only former Stearns employee to make it out of the JPMorgan Chase buyout relatively unscathed — at least in non-CEO terms — walking away with $61.3 million in sold shares. Even though, in his own high-priced Read More...

Filed under: Alison Damast, bailout, Bear Stearns, Ben Bernanke, business school, BusinessWeek, buyout, career, CEO, college, credit crisis, economy, employment, Fed, financial services, graduate students, graduates, Internships, investment firm, James Cayne, Jimmy Cayne, JPMorgan Chase, market, MBA, MBA Career Services Council, New York Times, New York University, NextStudent, NYU, recession, shares, Stern School of Business, student jobs, student loans, Tom Kozicki

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