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Student Loan Lending Still Going Strong
12 January 09 04:34 PM | Student Loan Girl | 0 Comments   

Despite being hampered last year by a lack of investors and a lack of access to credit, federal student loan lenders are surviving the economic crisis — making the student loan market one of the few lending industries still able to thrive this year, The Read More...

Filed under: college, College Board, college loans, Department of the Treasury, education secretary, Ensuring Continued Access to Student Loan Act, Federal Family Education Loan Program, Federal Reserve, federal student loans, FFELP, financial aid, HR 5715, Margaret Spellings, mortgage investments, mortgage securities, NextStudent, private student loan market, private student loans, Secretary of Education, Student Lending Analytics, student loan bailout, student loan industry, student loan investments, Student Loan Legislation, student loan lenders, student loan market, student loan securities, student loan statistics, student loan stats, student loans, The Wall Street Journal, Tim Ranzetta, Treasury Department

Justice Department Should Weigh In On Student-Loan Loophole Scandal, Senator Says
08 October 08 04:57 PM | Student Loan Girl | 0 Comments   

Rep. Thomas Petri , R-Wis., wrote to Secretary of Education Margaret Spellings this week asking whether she plans to involve the Justice Department in the investigation of a federal subsidy loophole that benefited nonprofit student loan providers and Read More...

Filed under: Department of Justice, education department audit, education secretary, federal student loans, government subsidies, government subsidy programs, guaranteed student loan program, Justice Department, lender subsidies, Margaret Spellings, NextStudent, nonprofit student loan lenders, Paul Basken, private student loans, Representative Thomas Petri, Secretary of Education, student loan loopholes, student loan providers, student loan scandals, student loan subsidies, student loans, The Chronicle of Higher Education, U.S. Congress

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

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

Proposed Bill Combines House, Senate Versions of the Higher Education Act
14 May 08 04:51 PM | Student Loan Girl | 0 Comments   

Congressional aides hope to finalize a renewal of the Higher Education Act by Memorial Day that merges different versions of the proposed bill passed separately by the House of Representatives and the Senate last year, according to an article in The Chronicle Read More...

Filed under: campus emergency, campus piracy, college, College Accreditation, college cost, college loans, college piracy, College Textbooks, Congress, Department of Educaiton, Education Department, education secretary, federal student loans, Higher Educationon Act, House of Representatives, illegal downloading, illegal downloads, Margaret Spellings, National Advisory Committee on Institutional Quality and Integrity, NextStudent, piracy, private student loans, Secretary of Education, student loans, texbooks, textbook publishers, The Chronicle of Higher Education, U.S. Senate