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Aid Administrators to Lawmakers: “Don’t Kill Guaranteed Student Loans”
24 March 09 05:02 PM | Student Loan Girl | 0 Comments   

Just as Congress is about to vote on President Obama’s plan to end the government’s Federal Family Education Loan Program, through which families get their student loans from private third-party lenders, a lender advocacy group is urging lawmakers to consider an alternative to the president’s proposal. Read More...

Filed under: budget reconciliation process, budget resolution, Chronicle of Higher Education Department of Education, college, college financial aid, college loans, Congress, direct lending, Direct Loan Program, Doug Lederman, Federal Family Education Loan Program, federal student loan model, financial aid, government spending plan, government subsidized bonds, guarantors, Inside Higher Ed, investors, Kelly Field, lawmakers, lender advocacy group, loan default, loan forgiveness programs, National Association of Student Financial Aid Administrators, NextStudent, nonprofit lenders, paying for college, Philip R. Day Jr, President Obama, private lenders, student loan debt, student loan reform, student loans, tax credit, tuition

Tens of Thousands of College Work-Study Students to Benefit From Stimulus
24 February 09 03:08 PM | Student Loan Girl | 0 Comments   

An additional 130,000 college work-study students may have jobs next year thanks to the economic-stimulus bill that President Obama just signed into law which allocates approximately $200 million in new funding for Federal Work-Study Programs , reports Read More...

Filed under: Association of Jesuit Colleges and Universities, Beckie Supiano, bipartisan, Capitol Hill, college, college financial aid, college loans, college work study, Congress, Cynthia Littlefield, economic stimulus bill, Federal Work-Study Program, financial aid, graduate student, higher education official, matching work study funds, NextStudent, paying for college, Pell Grant, President Obama, stimulus money, student loans, tax credit, The Chronicle of Higher Education, tuition, undergraduate student, work study students

Student Loan Providers Get More Help From the Government
13 November 08 03:39 PM | Student Loan Girl | 0 Comments   

In a move intended to avoid a shortfall in student loans next year, Congress has expanded the government program to buy federally guaranteed student loans from private lenders. Under the updated loan-purchase plan, the Education Department can now buy Read More...

Filed under: Bruyette & Woods, buyback program, college, college financial aid, college loans, Congress, Department of Education, Education Department, education secretary, Edward Kennedy, Eric Dash, federal government, federal student loan, financial aid, government, Jonathan Glater, Keefe, Margaret Spellilngs, New York Times, NextStudent, paying for college, private lenders, private student loan, Sameer Gokhale, Sen. Edward Kennedy, Senate Education Committee, student loan buyback, student loans, tuition

Sen. Schumer Calls for Government to Protect Student Loans Amid Passage of $700 Billion Bailout Bill
14 October 08 01:17 PM | Student Loan Girl | 0 Comments   

Concerned that students who are eligible to go to college won’t be able to pay for their education costs in light of the current credit crisis and a steadily worsening economy, Sen. Charles Schumer is urging the federal government to make sure student Read More...

Filed under: American Council on Education, Ben Bernanke, Charles Schumer, college loan, Congress, Deepti Hajela, Direct Loan Program, Federal Family Education Loan Program, Federal Reserve, Federal Reserve chairman, financial aid, Hank Paulson, NextStudent, paying for college, private credit, student loan, Student Loan Legislation, tuition

Sex Offenders May Lose Pell Grant Eligibility Under Revised Higher Education Act
04 August 08 04:49 PM | Student Loan Girl | 0 Comments   

Starting July 1, 2009, sex offenders confined in treatment centers throughout the country may no longer be eligible to receive need-based federal Pell Grants , under a new provision of the reauthorized Higher Education Act, according to an article in Read More...

Filed under: ACLU, American Civil Liberties Union, AP, Associated Press, college loans, Congress, financial aid, grant aid, higher education, Michael Macleod-Ball, NextStudent, Pell Grants, President Bush, Ric Keller, sex offenders, Stephanie Babyak, student loans, U.S. Department of Education

Expanded Tuition Benefits for Veterans Gaining Momentum in Congress
07 May 08 05:41 PM | Student Loan Girl | 0 Comments   

When the original G.I. Bill became law in the 1940s, it covered the full cost of tuition, housing, and living expenses for military veterans. Today’s G.I. Bill benefits have not kept up with the rising costs of college. Veterans currently receive the Read More...

Filed under: college loans, Congress, financial aid, G.I. Bill, military veterans, NextStudent, private college, public college, S 22, school-based aid, student loans, The Chronicle of Higher Education, tuition, war-spending

Credit Unions Offer Themselves as Partial Solution to Looming Student Loan Crisis
12 April 08 11:19 AM | Student Loan Girl | 0 Comments   

In the last six months alone, since legislators eliminated over $21 billion in subsidies to student loan lenders in the Federal Family Education Loan Program, at least 44 FFELP lenders have stopped originating federal student loans. This exodus of lenders Read More...

Filed under: capital, Chronicle of Higher Education, college, Congress, credit crisis, credit crunch, credit unions, Education, Edward Kennedy, Federal Family Education Loan Program, FFELP, FinAid, financial aid, Higher Education Act, Kennedy, lenders, liquidity, Mark Kantrowitz, Michael Kim, mortgages, NextStudent, nonprofit, Paul Basken, shortage, student loans, subprime, subsidies, UFCU, University Federal Credit Union, University of Southern California, University of Wisconsin, USC, USC Credit Union, UW Credit Union, UWCU