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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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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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Wachovia Suspends Its Undergraduate Private Student Loan Program
06 August 08 05:41 PM
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Student Loan Girl
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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.
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Nonprofit Lenders Hurt by Legislation Intended to Help Them
01 August 08 06:53 PM
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Student Loan Girl
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As lenders continue to scale back or suspend their student loan programs amid a troubled economy and now-unprofitable federal education loans, newer legislation designed to help struggling lenders — nonprofit student loan providers in particular — may be doing more harm than good.
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New Senator at the Helm of Higher Education Act Negotiations
03 June 08 04:13 PM
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Student Loan Girl
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Sen. Barbara Mikulski , D-Md., will “pinch hit” for Sen. Edward Kennedy , D-Mass. — the chairman of the Senate Committee on Health, Education, Labor and Pensions who is recovering from surgery to treat a malignant brain tumor — in Senate and House negotiations
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