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Direct Loan Program Gaining Ground on Bank-Based FFEL Program
29 October 08 04:27 PM | Student Loan Girl | 0 Comments   

According to a recent survey of college financial aid directors, the federal government’s Direct Loan Program — through which families get federal student loans directly from the Department of Education — could eclipse the government’s now dominant Federal Read More...

Filed under: bank-based FFEL program, college loans, colleges, Department of Educaiton, direct lenders, Direct Loan Program, Federal Family Education Loan Program, federal student loans, FFELP, financial aid, NextStudent, Student Lending Analytics, student loans, The Chronicle of Higher Education, third-party lenders, universities

Student Loan Providers May Get Government Help for One More Year
17 September 08 05:08 PM | Student Loan Girl | 0 Comments   

With problems in the credit markets continuing to plague student loan providers, the U.S. House of Representatives overwhelmingly approved a year-long extension of the Ensuring Continued Access to Student Loans Act , which allows the secretary of education Read More...

Filed under: aid extension, authority, buy student loans, cash-strapped lenders, college degree, college loans, colleges, Congress, credit market problems, credit markets, Department of Education, education secretary, Ensuring Continued Access to Student Loans Act, federal student loans, guarantee agencies, HR 5715, lender of last resort, loan accessibility, loan purchasing power, market conditions, NextStudent, private lenders, Secretary of Education, Senate, student loan lenders, student loans, third-party lenders, U.S. House of Representatives, universities