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Wyoming’s Largest Student Lender to Stop Making Student Loans
02 November 09 08:02 AM
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Student Loan Girl
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The largest student loan lender in Wyoming, the nonprofit Wyoming Student Loan Corp., also known as WyoLoan, has announced that it will no longer be issuing any new parent or student loans beginning April 1, 2010.
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SEC Investigates University of Phoenix Owner, Apollo Group
29 October 09 12:03 PM
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Student Loan Girl
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Apollo Group Inc., the parent company of the University of Phoenix, the largest for-profit college in the country, announced on Tuesday that the Securities and Exchange Commission has launched an “informal inquiry” into the company’s revenue accounting practices for the second time this year.
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‘Gap Loans’ at For-Profit Colleges Escape Proposed Legislation
27 October 09 12:47 PM
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Student Loan Girl
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While acting last Thursday to approve the creation of a Consumer Financial Protection Agency, which will expand federal oversight of private student loans, a Congressional panel at the same time voted to reject a proposal that would have included school-sponsored “gap loans” under the authority of the new CFPA.
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Cost of College Continues to Climb, Even in a Recession
21 October 09 01:14 PM
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Student Loan Girl
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Even as the recession has depressed consumer prices and the cost of living has fallen over the last year, college tuition rose in 2009, with the largest percentage increases coming at community colleges and public four-year schools — the mounting expense of an education revealed in the College Board’s latest reports on financial aid and the cost of college, released yesterday.
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Note to Families: Financial Aid More Competitive, But Not Out of Reach
26 January 09 05:09 PM
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Student Loan Girl
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With more families applying for financial aid — applications are already up 10 percent above last year’s record — and lending for private student loans drying up, families’ ability to find available financial aid is becoming more difficult, reports the
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Student Loan Lending Still Going Strong
12 January 09 04:34 PM
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Student Loan Girl
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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
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Ohio State Commits to Helping Students in Financial Turmoil
23 December 08 05:30 PM
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Student Loan Girl
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The largest university in the nation, Ohio State University , has taken steps to ensure that its students who rely on financial aid will still be able to complete their degree program in spite of the economic recession, the school announced in a press
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Goal Financial Reaches Agreement With New York Attorney General
06 November 08 03:53 PM
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Student Loan Girl
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Alexandria, Virginia-based Goal Financial is the most recent student loan company to reach a settlement with the New York Attorney General’s office , whose investigation into the student loan industry revealed that several lenders used deceptive marketing
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College Tuition, Student Borrowing On the Rise In Down Economy
03 November 08 01:50 AM
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Student Loan Girl
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A new report has found that last year’s increases in college tuition were more on pace with rises in the Consumer Price Index — the measure of the average price of consumer goods and services. But despite the relative steadiness of college affordability,
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Citibank Suspends Student Loan Program for International Students
15 October 08 06:04 PM
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Student Loan Girl
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Citibank announced it is canceling its private student loan program for international students in an effort to minimize its financial risk during the global financial crisis, Bloomberg reports (“ Citigroup Curbs Foreign-Student Loans at Harvard, MIT,
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Shares of Corinthian Colleges Stock Take Nosedive Over Student Loan Defaults
28 August 08 06:56 PM
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Student Loan Girl
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Despite an 11.5-percent boost in student enrollment and an 18.3-percent growth in revenue over the last quarter, Corinthian Colleges saw its shares tumble in afternoon NASDAQ trading on Tuesday, amid investor fears of rising defaults on the school network’s student loans.
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Audit of State Student Loan Agency Calls for Major Reform
21 August 08 02:23 PM
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Student Loan Girl
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The Pennsylvania Auditor General Jack Wagner has recommended sweeping changes for the Pennsylvania Higher Education Assistance Agency a year after the state student-loan agency was found to be lavishly overspending on internal operations, according to
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Proposed Bailout for Massachusetts Student Loan Authority Uncertain
15 August 08 06:42 PM
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Student Loan Girl
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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.
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Number of Students Applying for Federal Financial Aid Goes Up Almost 20%
12 August 08 04:21 PM
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Student Loan Girl
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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
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Montana Senator: Give Tax Break to Companies That Pay Off Employees’ Student Loans
08 August 08 05:59 PM
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Student Loan Girl
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As an incentive for Montana students to remain in state, Roy Brown, a Montana state senator and candidate for governor, announced he would like to reward companies that repay their employees’ student loans with a tax break.
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