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Federal Student Loan Lenders Fight for Survival
30 March 09 04:52 PM | Student Loan Girl | 0 Comments   

In what is being viewed as a direct hit to private third-party lenders in the Federal Family Education Loan Program who are fighting to keep the program alive, the U.S. Department of Education’s preliminary data paints the FFEL program as a costly and Read More...

Filed under: American Council of Education, Barack Obama, Brett Lief, college, college loans, Congressioanl Budget Office, Consumer Bankers Association, direct loan borrowers, Direct Loan Program, direct loans, Education Department loans, Federal Family Education Loan Program, Federal Pell Grant Program, federal Pell Grants, Federal Student Loan Program, federal student loans, federal subsidies, FFEL program, FFELP, FFELP lenders, National Council of Higher Education Loan Programs, NextStudent, Obama administration, Obama legislation, Obama proposals, President Obama, Sallie Mae student loans, state student loan guarantee agencies, student loan borrowers, student loan default prevention programs, student loan default rate data, student loan default rates, Student Loan Legislation, student loans, Terry Hartle, The Wall Street Journal, U.S. Department of Education, U.S. Freedom of Information Act

Groups Say Forgiving Student Loan Debt Would Boost Economy
25 March 09 05:16 PM | Student Loan Girl | 0 Comments   

As student loan debt continues to rise — jumping to $20,098 per graduating student loan borrower in 2007 from $18,796 in 2006 — and employment prospects continue to worsen, college graduates are experiencing greater difficulty repaying their student loans, Read More...

Filed under: affordable student loan payments, bankrupcty debt discharges, Brooklyn District Attorney's Office, BusinessWeek, cancel student loan debt, canceling student loan debt. Alan Colinge, college, college graduates, college loans, discharge student loans, Educaiton Department, Facebook groups, federal student loans, FinAid.org, graduate debt, income based repayment plans, NextStudent, private student loanns, public services loan forgiveness, Robert Applebaum, student loan borrowers, student loan debt, student loan forgiveness, student loan justice, Student Loan Legislation, student loan system, student loans, U.S. Department of Education

Government Asks Student Loan Borrowers in Default to Pony Up
16 February 09 03:02 PM | Student Loan Girl | 0 Comments   

Americans who have failed to repay their federal student loans may soon find themselves facing litigation, The National Law Journal reports (“ Government Cracking Down on Unpaid Student Loans ,” Feb. 13, 2009). The U.S. Department of Justice has contracted Read More...

Filed under: collections law firm, college loans, defaulted student loans, federal student loans, government crackdown, government lawsuit, litigation against student loan borrowers, Randall Samborn, student loan borrowers, student loan collections, student loan defaults, student loans, Teller Levit & Silvertrust P.C., The National Law Journal, U.S. Attorney's Office for the Northern District of Illinois, U.S. Department of Justice, unpaid student loans

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