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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

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