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Wyoming’s Largest Student Lender to Stop Making Student Loans
02 November 09 08:02 AM | Student Loan Girl | 0 Comments   
The largest student loan lender in Wyoming, the nonprofit Wyoming Student Loan Corp., also known as WyoLoan, has announced that it will no longer be issuing any new parent or student loans beginning April 1, 2010. Read More...
‘Gap Loans’ at For-Profit Colleges Escape Proposed Legislation
27 October 09 12:47 PM | Student Loan Girl | 0 Comments   
While acting last Thursday to approve the creation of a Consumer Financial Protection Agency, which will expand federal oversight of private student loans, a Congressional panel at the same time voted to reject a proposal that would have included school-sponsored “gap loans” under the authority of the new CFPA. Read More...
House Panel Moves to Regulate Private Student Loans
26 October 09 01:23 PM | Student Loan Girl | 2 Comments   
Despite strong Republican opposition and forceful lobbying from banks and business groups, the House Financial Services Committee voted on Thursday to approve the creation of a new federal Consumer Financial Protection Agency, laying the groundwork for expanded federal oversight of private student loans. Read More...
Overhaul of Student Loan System in the Works
22 June 09 08:30 AM | Student Loan Girl | 0 Comments   
A bill to overhaul the student loan industry may reach Congress as early as next week; education-committee chairs are working behind the scenes on a piece of legislation that would eliminate the third-party student loan system called the Federal Family Read More...
Federal Student Loan Lenders Fight for Survival
30 March 09 04:52 PM | Student Loan Girl | 0 Comments   
In what is being viewed as a direct hit to private third-party lenders in the Federal Family Education Loan Program who are fighting to keep the program alive, the U.S. Department of Education’s preliminary data paints the FFEL program as a costly and Read More...
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Groups Say Forgiving Student Loan Debt Would Boost Economy
25 March 09 05:16 PM | Student Loan Girl | 0 Comments   
As student loan debt continues to rise — jumping to $20,098 per graduating student loan borrower in 2007 from $18,796 in 2006 — and employment prospects continue to worsen, college graduates are experiencing greater difficulty repaying their student loans, Read More...
Student Loan Lending Still Going Strong
12 January 09 04:34 PM | Student Loan Girl | 0 Comments   
Despite being hampered last year by a lack of investors and a lack of access to credit, federal student loan lenders are surviving the economic crisis — making the student loan market one of the few lending industries still able to thrive this year, The Read More...
President Bush Signs Legislation That Boosts Availability of Student Loans
08 May 08 09:15 AM | Student Loan Girl | 0 Comments   
On May 7, President George Bush signed into law legislation intended to help stabilize the $85-billion student loan industry and to avert a predicted shortage in student loans. The law will allow the U.S. Department of Education to buy bundled student Read More...
Bush Urges Congress to Act Quickly on Student Lending Law
02 May 08 04:06 PM | Student Loan Girl | 0 Comments   
“A slowdown in the economy shouldn't mean a downturn in educational opportunities,” said President Bush in his most recent radio address. “Members of Congress now have a chance to preserve this opportunity, and they should take it.” His remarks were the Read More...
Kennedy to Colleges: Have Back-Up Plan for Students
21 April 08 05:34 PM | Student Loan Girl | 0 Comments   
In a letter sent to the American Council on Education on April 15, Sen. Edward Kennedy , D-Mass., the chairman of the Senate Education Committee, urged colleges to sign up for the Department of Education’s Federal Direct Loan Program as a preventive measure Read More...
House Approves the College Student Relief Act of 2007
19 January 07 04:52 PM | Student Loan Girl | 0 Comments   
I’m interrupting the regularly scheduled Thursday blog on “Student Loan Advice” to report on some breaking news. According to a Special Briefing release by the National Council of Higher Education Loan Programs, Inc.’s “NCHelp,” yesterday, Wednesday Jan. Read More...
College Student Relief Act of 2007
17 January 07 06:11 PM | Student Loan Girl | 0 Comments   
So, the time has finally come, it is Wednesday Jan. 17, 2007, and congress is set to start debate on the “College Student Relief Act of 2007.” Yesterday, Tuesday, Jan. 16, The National Council of Higher Education Loan Programs, Inc.’s “NCHelp” published Read More...
Student-Aid Experts Criticize Plan to Reduce Federal Student Loan Interest Rates
09 January 07 04:25 PM | Student Loan Girl | 0 Comments   
Yesterday I wrote about how the newly elected 110 th Congress, which is now primarily controlled by the Democrats, is planning to introduce new student loan legislation as part of the College Student Relief Act of 2007. This new legislation would reduce Read More...
Proposal to Halve Interest Rates on Subsidized Student Loans
09 January 07 04:20 PM | Student Loan Girl | 0 Comments   
So, the New Year has begun and the democrats are now in the house and everyone is waiting to see if they will make-good on the promises they made to gain control up on Capitol Hill. Of course, I’m watching to see what they’re going to do with student Read More...

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