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College Board Settles Inquiry into Its Student Loan Practices
11 December 08 04:40 PM | Student Loan Girl | 0 Comments   

The College Board , which administers the SAT, ACT, and AP college admissions tests, has agreed to resolve an investigation by New York Attorney General Andrew Cuomo and Connecticut Attorney General Richard Blumenthal into its student loan practices. Read More...

Filed under: ACT, Andrew Cuomo, AP, code of conduct, college, college admissions tests, College Board, college financial aid, college loan process, college loans, Connecticut attorney general, deceptive marketing practices, educators, financial aid, financial aid administrators, financial aid office, financial aid officer, higher education, Jennifer Topiel, lending program, marketing code of conduct, New York Attorney General, NextStudent, Parents, paying for college, preferred lender list, Richard Blumenthal, SAT, settlement agreement, student, student lending industry, student loan business, student loan lawsuit, student loan offer, student loan option, student loan practice, student loan probe, tuition

Paying for College Gets More Challenging For Families
22 October 08 05:42 PM | Student Loan Girl | 0 Comments   

Paying for college definitely isn’t getting any easier. “It just seems like it’s really hard, because it is,” says Diana Jacobs, a mother of twin, college seniors, whose husband recently lost his job, forcing the family to go from borrowing modestly to Read More...

Filed under: college affordability, college costs, college expenses, college loans, college seniors, credit based loans, depression, Diana Jacobs, economic downturn, economy, federal financial aid, federal student loan lenders, Federal Student Loan Program, federal student loans, financial aid administrators, financial aid applications, home equity loans, home values, loan cosigners, loan defaults, New York Times, NextStudent, paying for college, personal finances, private student loan lenders, private student loans, recession, state budget shortages, state financial aid, student loans, tuition costs, unemployment

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

Number of Students Applying for Federal Financial Aid Goes Up Almost 20%
12 August 08 04:21 PM | Student Loan Girl | 0 Comments   

While college enrollment is only expected to grow by 300,000 students this year, some 1.3 million additional college students have already applied for federal financial aid — an increase of 17 percent, according to an article in U.S. News World Report Read More...

Filed under: Center for the Study of Higher Education, college, college costs, College Tuition, credit crunch, Donald Heller, economic downturn, Education Department, elite institutions, FAFSA, federal grants, federal student loans, financial aid, financial aid administrators, food prices, Free Application for Federal Student Aid, gas, low income students, middle income students, NextStudent, paying for college, Pennsylvania State University, private student loans, recession, Richard Toomey, San Francisco Chronicle, Santa Clara University, student loan availability, student loans, tuition, U.S. Department of Education, U.S. News World Report

Concerns About Access to Student Loans Persist, Study Finds
24 July 08 11:42 AM | Student Loan Girl | 0 Comments   

Some financial aid administrators have lingering concerns that students may not be able to get the student loans they need to pay for college this year despite recently passed federal legislation designed to improve students’ access to those loans, according Read More...

Filed under: college loans, college students, default rates, Ensuring Continued Access to Student Loans Act, Federal Family Education Loan Program, FFELP lenders, financial aid administrators, HR 5715, legislation, loan market, loan shortage, NASFAA, National Association of Student Financial Aid Administrators, NextStudent, private student loans, student loans

Financial Aid Administrators Oppose New Preferred-Lender List Rule
23 April 08 06:01 PM | Student Loan Girl | 0 Comments   

The National Association of Student Financial Aid Administrators has asked the Department of Education to reconsider its interpretation of a new rule that requires colleges to have at least three student loan lenders that are not affiliated with each Read More...

Filed under: college, college loans, credit crisis, Department of Education, Education Department, financial aid administrators, Kelly Field, NASFAA, National Association of Student Financial Aid Administrators, NextStudent, Philip Day Jr., preferred lender lists, Preferred Lenders, private student loans, student loan crisis, student loans, The Chronicle of Higher Education