Student Loan Blog

Almost 260 colleges and universities around the country still have openings for students, and most of these schools still have ample financial aid available, according to survey results from the National Association for College Admission Counseling (“NACAC Survey: Space and Financial Aid Still Available for Students On ...

Although school administrators across the nation are reporting an increase in applications, they’re worried about just how many college students will actually enroll in their institutions this fall as families continue to tighten their budgets amid this recession, reports Inside Higher Ed (“Parents’ View of the Economy,” ...

To help ensure that Connecticut students continue to have access to higher education in today’s economy, Governor M. Jodi Rell recently announced a new $17.5 million initiative that will help students obtain college loans at interest rates as low as 5.75 percent, reports TheDay.com (“Lending a Hand,” Dec. 14, 2008). The new program, a ...

Typically, when the economy is down, enrollment is up at the nation’s community colleges. However, in the current economy, in which the unemployment rate is at a record high, Americans who find themselves recently unemployed can’t afford to further their education even at inexpensive local institutions. In an effort to help, ...

Regardless of how long the economy remains in crisis or whether or not this crisis becomes a recession, the effect on students will likely be minimal, at least in the short-term, says Fred Ruppel, economics professor at Eastern Kentucky University (“Student Body May Be Safe From Economic Crunch for Now,” The Eastern ...

Students are finding it increasingly challenging to find the money they need to pay for college as the credit crisis continues to hamper student loan providers’ ability to fund new loans, reports MustangDaily.net, the college newspaper of California Polytechnic State University (“Student Loans Harder to Come By in Uncertain Economy,” ...

Paying for college definitely isn’t getting any easier. “It just seems like it’s really hard, because it is,” says Diana Jacobs, a mother of twin, college seniors, whose husband recently lost his job, forcing the family to go from borrowing modestly to maxing out their student loan amounts (“In Downturn Families Strain to Pay Tuition,” The New ...

A third attempt to generate liquidity for the Massachusetts Educational Financing Authority may be too little too late for some 40,000 Massachusetts college students, reports The Boston Globe (“Student Loan Authority May Not Get State Aid,” Aug. 14, 2008).In late July, MEFA announced that it wouldn’t have enough money to fund any new private ...

Massachusetts Gov. Deval Patrick has set up a financial assistance website to help the 40,000 families who were previously served by the Massachusetts Educational Financing Authority to find a new student loan provider for the 2008–09 academic year, following MEFA’s announcement on July 28 that it was suspending its private student loan ...

For the first time in its nearly 30-year history, The Massachusetts Educational Financing Authority won’t be offering student loans this fall to the 40,000 borrowers it serves, according to an article in The New York Times (“Agency in Massachusetts Is Stopping College Loans,” July 29, 2008). Citing the troubled economy and fallout from the ...