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The Plot Thickens for the Future of Student Lending
13 April 09 05:00 PM | Student Loan Girl | 0 Comments   

It’s “all hands on deck” for federal student loan lenders, who have made it abundantly clear that they’re not going to roll over and accept the terms of the Obama administration’s proposal to axe their Federal Family Education Loan Program in favor of the Education Department’s Direct Loan Program without a fight. Read More...

Filed under: Albert Lord, Allen Boyd, college, college loans, Congressional Budget Office, default prevention, Direct Loan Program, Education Department, Federal Family Education Loan Program, federal loan program, federal student loans, FFEL program, FFELP lenders, Florida representatives, government bailout, government loan program, NextStudent, Obama administration, Pell Grant program, private lenders, representative Timothy Bishop, Sallie Mae, Southampton College, state loan guarantee agencies, student loan companies, student loan providers, student loans, The New York Times

All Dried Up: Student Loan Provider Files for Bankruptcy
18 December 08 03:11 PM | Student Loan Girl | 0 Comments   

Education Finance Partners, a San Francisco-based student loan company, has filed for Chapter 7 bankruptcy protection, saying it has less than $1 million in assets and between $10 million and $50 million in liabilities (“ Student Loan Company Files for Read More...

Filed under: Austin American-Statesman, bankrupt lenders, bankruptcy, Brazos Higher Education Service Corp., college loans, Cuomo investigation, Education Finance Partners, NBF International Holdings Inc., New York Attorney General, preferred lender lists, student loan company, student loan providers, student loans

Justice Department Should Weigh In On Student-Loan Loophole Scandal, Senator Says
08 October 08 04:57 PM | Student Loan Girl | 0 Comments   

Rep. Thomas Petri , R-Wis., wrote to Secretary of Education Margaret Spellings this week asking whether she plans to involve the Justice Department in the investigation of a federal subsidy loophole that benefited nonprofit student loan providers and Read More...

Filed under: Department of Justice, education department audit, education secretary, federal student loans, government subsidies, government subsidy programs, guaranteed student loan program, Justice Department, lender subsidies, Margaret Spellings, NextStudent, nonprofit student loan lenders, Paul Basken, private student loans, Representative Thomas Petri, Secretary of Education, student loan loopholes, student loan providers, student loan scandals, student loan subsidies, student loans, The Chronicle of Higher Education, U.S. Congress

College Steps in After Edamerica Falls Behind in Dispersing Student Loans
30 September 08 09:03 AM | Student Loan Girl | 0 Comments   

A Milwaukee technical college is providing emergency student loans to some of its students after one of the college’s student loan providers announced it would not immediately have funds to issue the loans, reports the Milwaukee Journal Sentinel (“ MATC Read More...

Filed under: college loans, credit crunch, Edamerica, emergency loans, Federal Family Education Loan Program, federally guaranteed student loan program, financial problems, loan dispersements, loan refund checks, master promissory note, MATC, Milwaukee Area Technical College, Milwaukee Journal Sentinel, NextStudent, private lenders, student loan providers, student loans, technical college, third-party lenders, University of Maryland-Baltimore County, University of Southern Mississippi, University of Wisconsin-Milwaukee

State Approves $50-Million Bridge Loan, Kentucky Students Will Finally See Their Student Loans
04 September 08 05:26 PM | Student Loan Girl | 0 Comments   

Students attending colleges and universities in Kentucky, many of whom have already begun their fall semester, will soon receive their federal student loans now that the state has finalized its $50 million bridge-loan deal with the state’s nonprofit student Read More...

Filed under: bridge loans, college, college loans, Department of Education, Education Department, Edward Cunningham, Federal Education Loan Program, FFELP, FFELP lenders, Governor Steve Beshear, Kentucky Governor, Kentucky Higher Education Student Loan Corp., Kentucky student loans, News-Democrat Leader, NextStudent, private student loans, state student loan agencies, state student loan providers, student loan crisis, student loan providers, student loan purchase program, student loans, The Student Loan People, The Student Loan People CEO

Nursing, Teaching, Law Enforcement, Professions Losing Student Loan Incentives
13 June 08 10:30 AM | Student Loan Girl | 0 Comments   

College graduates preparing to enter critical fields like nursing and teaching may no longer be able to take advantage of programs that previously offered them a break on their student loans. In at least six states this year, state-affiliated lenders Read More...

Filed under: college loans, Education Finance Council, EFC, Federal Student Loan Program, Kentucky Higher Education Assistance Authority, Krista Cole, MHESLA, Michigan Higher Education Student Loan Authority, Mike Reiber, Missouri Higher Education Loan Authority, MOHELA, New Hampshire Higher Education Loan Corp., NextStudent, NHHELCO, nursing student loans, Pennsylvania Higher Education Assistance Agency, PHEAA, student loan benefits, student loan lenders, student loan providers, student loans, teaching student loans, The Iowa Student Loan Liquidity Corp.