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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

Student Loan Company's High Flying Days Are Over
04 March 09 02:21 PM | Student Loan Girl | 0 Comments   

EduCap, a non-profit student loan company the Internal Revenue Service and key U.S. senators are investigating for allegedly abusing its tax-exempt status, overcharging students, and providing lavish perks to its CEO, is under fire again as details of Read More...

Filed under: Catherine Reynolds, CBS News, college loans, EduCap investigation, Leon Panetta, NextStudent, nonprofit lenders, private student loan companies, private student loan lenders, private student loans, Richard Daley, student loans, Ted Stevens, Tom Daschle, William Sessions