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Student Loan Crunch Affected Some Private Schools, But Crisis Largely Avoided
28 October 08 01:59 PM | NextStudent | 0 Comments   

The student loan crunch that began this past spring failed to become the widespread crisis that experts predicted, according to the results of a survey by the National Association of Independent Colleges and Universities . Still, the NAICU reports, some Read More...

Filed under: bankruptcy, college, college costs, College Enrollment, college financial aid, college loans, David Warren, enrollment, Federal Family Education Loan Program, financial aid, Lehman Brothers, NAICU, NAICU survey, National Association of Independent Colleges and Universities, NextStudent, paying for college, private lenders, Sarah Flanagan, Student Aid, student loan crisis, student loan crunch, student loans, The Chronicle of Higher Education, third party lenders, tuition

Proposed Bailout for Massachusetts Student Loan Authority Uncertain
15 August 08 06:42 PM | NextStudent | 0 Comments   

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. Read More...

Filed under: bond issues, bond offerings, bonds, Boston Globe, college, college loans, credit crisis, credit crunch, Cyndi Roy, Deval Patrick, economic downturn, economy, financial aid, HESAA, Higher Education Student Assistance Authority, Massachusetts Educational Financing Authority, MEFA, NextStudent, paying for college, private student loans, student loan crisis, student loans, subprime mortgage crisis, subprime mortgage crisis fallout, Timothy Cahill, tuition

Governor Launches Website to Help Massachusetts Families Find Student Loans
07 August 08 04:32 AM | NextStudent | 0 Comments   

Massachusetts Gov. Deval Patrick has set up a financial assistance website to help the 40,000 families who were previously served by the Massachusetts Educational Financing Authority to find a new student loan provider for the 2008–09 academic year, following Read More...

Filed under: bond sale, bonds, Boston College, college, college loan, college loans, credit crisis, credit crunch, Deval Patrick, economic downturn, economy, federal loans, federal student loans, financial aid, Gov Patrick, Harvard, Massachusetts, Massachusetts Educational Financing Authority, MEFA, MIT, NextStudent, paying for college, student loan crisis, student loans, subprime mortgage crisis, subprime mortgage crisis fallout, tuition, University of Massachusetts

Wachovia Suspends Its Undergraduate Private Student Loan Program
06 August 08 05:41 PM | NextStudent | 0 Comments   

After posting an $8.9 billion second-quarter loss in July, Wachovia Corp. announced on Tuesday that, effective August 5, it would stop accepting applications for undergraduate private student loans. Read More...

Filed under: CNN, college, college loans, federal loans, federal student loans, financial aid, Inside Higher Ed, NextStudent, paying for college, private loans, private student loans, student loan availability, student loan credit market, student loan crisis, student loans, tuition, Wachovia