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Student Loan Default Rate On the Rise
20 April 09 04:02 PM | Student Loan Girl | 0 Comments   

Weighed down by job losses, limited job availability, and lower salary wages, college graduates — who leave school owing an average of $22,500 in student loans — are defaulting on their federal student loans at the highest rate since 1998 (“ In Grim Job Read More...

Filed under: bankruptcy, college graduates, college loans, deferment, deferring student loans, extend student loan terms, federal student loan repayment options, federal student loans, forbearance, forbearing student loans, income-based repayment plan, limited job availability, New York Times, NextStudent, student loans

Weakening Economy Contributes to Sallie Mae’s $159 Million Quarterly Loss
27 October 08 05:17 PM | Student Loan Girl | 0 Comments   

Student loan provider Sallie Mae reported a $159 million loss this quarter as the ongoing credit crisis continues to pose financial challenges for borrowers (“ Sallie Mae Reports $159-Million Loss and More Delinquencies by Borrowers ,” The Chronicle of Read More...

Filed under: college loans, delinquent borrowers, forbearance, John Remondi, NextStudent, private student loans, Sallie Mae, student loan borrowers, student loan delinquencies, student loans, The Chronicle of Higher Education