New law to help in paying back... Jun 25, 2009
New law will cap student loans, based on one's adjusted gross income. Graduates are saddled with high student loans while facing a rough job market ... Her less-than-anticipated income means that it is difficult for her to make her student loan payments for the nearly $80,000 in debt she accumulated getting through college. (CNN -- Law)
65 in Ariz. indicted in student loan fraud Jun 25, 2009
65 indicted in student loan fraud against Rio Salado College ... 65 indicted in student loan fraud against Rio Salado College ... Federal student loans have a key advantage over regular consumer loans because they don't have to be paid back while the student is in school. (AZCentral -- News)
Greek Life anticipates big recruitment class Jun 25, 2009
Just hired a USC graduate who said $16,000 of his student loan debt was because of the fraternity he joined. He had to live in the house for a year and had to buy a meal plan through the fraternity every semester. (Gamecock Online, SC)
Citi's ThankYou(R) Network Announces Winner of Gift Card Design Contest Jun 25, 2009
Members may also use points to make student loan and mortgage payments or create customized rewards with ".". About Citi. (PR Newswire)
Peoria woman accused of student loan fraud Jun 25, 2009
Grand jury indicts Peoria woman on alleged student loan fraud - Phoenix Business Journal ... Grand jury indicts Peoria woman on alleged student loan fraud ... A federal grand jury in Phoenix has indicted a Peoria woman and 64 other people for alleged fraud in taking out student loans from. (Phoenix Business Journal, AZ)
No relief: Why this doc cant retire Jun 25, 2009
Compensation becomes key at a time when the average graduate leaves medical school with student loan debts that top $141,000 and can approach $200,000, according to the Association of American Medical Colleges. Many new doctors worry it'll take decades to repay loans, experts said. (MSNBC -- Health)
Feds bust financial-aid fraud ring in Valley Jun 25, 2009
Federal student loans have a key advantage over regular consumer loans because they don't have to be paid back while the student is in school ... The scheme revealed Wednesday involved $538,932 in student loans and was limited to Rio Salado College, the largest provider of online education among public colleges or universities in Arizona ... The bulk of the money was in the form of student loans, although many individuals obtained both a student loan and a Pell Grant, which is for low-income... (AZCentral -- News)
New program could reduce student loan payments Jun 25, 2009
Starting July 1, many people having trouble repaying their federally guaranteed student loans might be able to choose a new, more lenient payment plan ... The new payment plan is available on Stafford student loans (subsidized and unsubsidized) and Grad PLUS loans ... A new income-based repayment plan pegs certain student loan payments to 150 percent of the poverty level. (San Francisco Chronicle -- Business)
YOUR MONEY: Rates on Stafford, PLUS loans for college students are falling Jun 24, 2009
But if you need to borrow money for college, you don't have to drive across town to get a good deal on student loans ... The lower rate won't affect loans issued before July 1, says Bob Murray, spokesman for USA Funds, the USA's largest student loan guarantor ... If you have federal student loans issued before July 1, 2006, there's even better news. (USA Today -- Money)
Cut Your Student Loan Payments Jun 24, 2009
Help Is on the Way for Student Loans - ABC News ... Help Is on the Way for Student Loans ... Starting Next Week, a New Program Will Ease the Burden of Making Student Loan Payments. (ABC News -- Business)
Intensified Crackdown Mutes Iran Protests Jun 24, 2009
the BO is giving them away to every new illegal immigrant looking for a free house and student loan. We do the same thing up here in kanaduh , except we give them free seal blubber and a snowmobile. (CBS News)
Money tips for college students Jun 24, 2009
These tips are brought to you by The Student Loan People, a public, nonprofit corporation that provides education loans for students and parents through the Federal Family Education Loan Program (FFELP). For more complete information about student loans, visit www ... com; write The Student Loan People, P.O. Box 24328, Louisville, KY 40224-0328; or call (888) 678-4625. (Princeton Bureau County Republican, IL)
Students to get a break on loan paperwork Jun 24, 2009
Form for student loans will become shorter - CNN.com ... Form for student loans will become shorter ... Last year, Democrats in Congress pushed through student loan reforms that included some requirements for shorter, more user-friendly versions of FAFSA.. (CNN)
Team Leiden: Courts and sports Jun 22, 2009
I told him two years ago there was going to be a student loan problem. Sometimes (bankruptcy attorneys) feel like we're on the Titanic, and we're the only one that sees the iceberg. (The Augusta Chronicle)
Perry Vetoes 39 Bills Jun 21, 2009
HB 518 by Kohlkorst Sponsor: Van de PutteRelating to programs to provide student loan repayment assistance for certain correctional officers, for certain speech-language pathologists and audiologists, and for certain mathematics and science teachers. HB 821 by Leibowitz Sponsor: WatsonRelating to the sale, recovery, and recycling of certain television equipment; providing administrative penalties. (KWTX.com, TX)
Obama urges stronger consumer protection Jun 21, 2009
He complained that consumers signing up for a mortgage, student loan or credit card have to deal with voluminous and incomprehensible contracts that often contain important terms hidden in fine print. "Those ridiculous contracts - pages of fine print that no-one can figure out - will be a thing of the past," Obama promised. (Sydney Morning Herald -- Business)
Student Loan Foundation's Chief Ousted Jun 20, 2009
The board overseeing the troubled Connecticut Student Loan Foundation has removed Executive Director Mark Valenti after allegations that he was trying to make unapproved severance payments to himself ... Meotti said that Valenti's removal and the agency's dire financial state will not affect the nearly $1 billion in student loans that it administers ... "They were a smaller player in the overall student loan business," Meotti said. (FOX61, CT)
AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update Jun 20, 2009
NEW YORK, June 19 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: ) (the "Fund") today released its monthly portfolio update as of May 31, 2009. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1)Texas Transp Commission Series 07 5. (PR Newswire)
Student Loan Consolidation Jun 19, 2009
In order to consolidate, many lenders require the borrower to have a minimum of $7,000 in student loans ... For additional information students are encouraged to visit the National Student Loan Data System to research their loan history before making the decision to consolidate their loans ... If the borrower is in a hurry to kick the weight of student loan debt to the curb, consolidation is not the answer. (Suite101.com)
Dinner's (Almost) Ready! Jun 18, 2009
When we do get home in the evening, I look at the mail, cringing at the sight of bills and student loan letters, and then say hello to the kids, who are invariably on the couch watching TV. (Here, TV really means they're just watching the same episode, over and over, of that show about those blond little twin boys who live in a hotel. Then, my wife goes to start getting dinner ready while I go upstairs to "change out of my suit.". (Paragould Daily Press, AR)
Attorney General Urges New Hate Crimes Law Jun 17, 2009
5 percent of the globe are made up of little drama queens in need of a student loan and affirmative action. The majority seems to be a pack of free loading losers. (CBS News -- US)
Tall building construction debated on campus Jun 17, 2009
Before the student loan, there was no such thing as homelessness in Boston, Newman said. They occupy what is our Boston, not theirs. (Northeastern News, MA)
Tough Job Market For College Grads Jun 16, 2009
With $15,000 in student loans, he can't afford rent in Boston ... One of the students in this story had $20,000 of student loan debt, that really isn't much at all when you think about how much many students owe ... It isn't just the grads of 2009 who are suffering but anyone who pays a student loan knows how hard it really is. (CBS News -- US)
Court to examine student loan bankruptcy Jun 16, 2009
WASHINGTON - The Supreme Court will decide whether student loans can be dismissed through bankruptcy with just a notice to the collector instead of a hearing proving that paying the money back would cause an "undue hardship.". Francisco Espinosa gave United Student Aid Funds Inc. a Chapter 13 bankruptcy plan saying he would pay back $13,250 on his four student loans. (AZCentral -- Business)
Rick Holmes: Dental health deserves a place in health care debate Jun 16, 2009
The Massachusetts Dental Society has some responses: Require dental screenings for kids entering school; help control costs by expanding the use of auxiliary dental professionals; use student loan repayment and tuition reimbursement programs to get more dentists to underserved areas; expand access to dental care; build community service into dental training programs; fluoridate the water; get candy and sugary drinks out of schools; require mouthguards for school sports; discourage smokeless... (Watertown TAB & Press, MA)
Students should avoid debt Jun 6, 2009
Sallie Mae, the nation s leading student loan provider, says students are carrying record-high credit card balances ... In leading our children into all the ways of debt and financial entanglement, we have now made student loan debts almost as traditional as Rush Week ... org, the National Postsecondary Student Aid Study revealed that two-thirds of students graduate with an average student loan debt of $19,237. (Atlanta Journal-Constitution -- Business)
> Money advice for students Jun 6, 2009
When it comes to student loans, ensure that you make your repayments on time to avoid further debt ... No matter how tempting it may be, it is not a good idea to pay for that iPod or leather jacket out of your student loan. (iAfrica.com)
Information on Filing For Bankruptcy Jun 4, 2009
That covers things like high student loan debt, alimony payments, unpaid back taxes or court-imposed fines. Also, Filing for bankruptcy isn't guaranteed to save your house. (WTVR.com, VA)
Credit questions Jun 3, 2009
Barbara Mikulski of Maryland said the bill aims to prevent credit card companies from "targeting college kids to weigh them down with debt before they even graduate." In April, student loan corporation Sallie Mae released a national study that examines the use of credit by undergraduates. The study found that in 2004, 76 percent of undergrads had at least one credit card. (Yahoo News -- Press Releases)
Saving Cal Grants Jun 3, 2009
Commission Executive Director Diana Fuentes-Michel told the Budget Conference Committee, "We believe it is possible to keep our promise to California's students even during such a catastrophic budget crisis by considering alternative approaches that might include reconsideration of eligibility requirements, if absolutely necessary, and tapping revenue from the Student Loan Operating Fund to pay for the Cal Grant program." ... These might include a review of eligibility requirements, if... (PR Newswire)
Ghanaian youth have right to dialogue with Presidency-Mills Jun 3, 2009
Mr Iddrisu announced that President Mills, out of deep concern for the number of qualified applicants who did not gain admission to both private and public tertiary institutions, would conduct a "needs test" with a view to improve on the Student Loan Scheme, under a formula of the Ghana Education Trust Fund (GETFUND). Also, an amount of GHc 12 million would be made available this year under the GETFUND to support the Students' Loan Trust. (Ghana Web, Ghana)
Montana Snapshots Jun 2, 2009
Agency says student loans will be available HELENA (AP) A lending group says that student loans will be available as usual this fall despite ongoing turbulence in the credit markets. The Montana Higher Education Student Assistance Corporation says that the Student Assistance Foundation and the Montana Guaranteed Student Loan Program are ensuring access to the loans. (Montana Standard, MT)
Parents continue to put away college funds Jun 2, 2009
-based student loan company (NYSE: SLM) says 62 percent of parents of college-bound children are saving for education, trailing only retirement as a savings priority. Fourteen percent of parents reported saving the most for their children s college, second to 27 percent who save the most for retirement. (San Antonio Business Journal, TX)
Lords of dance Jun 1, 2009
As for how they will spend the prize money, IT graduate Terry Smith is quick to point out that he could pay off his student loan. Banjo adds: "The money's better than a kick in the head, but it's just an extra for us. We can decide what to do with that down the line.". (BBC News -- UK)
Why going for another degree right now isn't as safe as it seems May 31, 2009
But let's face it, introspection doesn't pay the student loan bill. Recently, Harvard University held a seminar on how to handle rejection. (Boston Globe)
Thank you boss, for the layoff May 30, 2009
A special breed of ambition that comes from wondering how I'll pay that career coach, or for that matter, even pay my next student loan bill. 1. (India Times)
Repaying Student Loans In Tough Times May 29, 2009
Student Loan Help Tips. Chris Wragge spoke with Ray Martin about what to do if you are unable to immediately pay off student loans ... (CBS) If you're having trouble with student loan payments, you're hardly alone. (CBS News -- Early Show)
International students can now acquire business school loans without co-signer May 29, 2009
The University has signed a participation letter with the new International Student Loan Program, which will provide loans requiring no co-signer to international students at the Chicago Booth School of Business. ISLP, originally conceived and discussed under the convening authority of Graduate Management Admission Council, quickly evolved into a loan program to be provided by a consortium of organizations experienced in the student loan arena. (Univeristy of Chicago Chronicle, IL)
Nelnet Completes Initial Placement Through Straight-A Funding May 28, 2009
May 27 /PRNewswire-FirstCall/ -- Nelnet, Inc. (NYSE: ) announced today that it completed its initial placement of federal student loans under the U.S. Department of Education-sponsored conduit called Straight-A Funding, LLC (the Conduit) ... Completion of the initial transaction will reduce the amount of student loans in Nelnet's federal student loan warehouse facility by approximately $570 million ... The Conduit is supported by a liquidity facility provided by the Federal Financing Bank and an... (PR Newswire)
Which Colleges Leave Students With the Most Debt? May 25, 2009
In March, the federal government released a showing that almost 200,000 borrowers whose federal student loans came due in 2007 were already in default ... federal student loans ... Know in details and learn benefits of Student Loan Debt Consolidation. (Yahoo News)
Drug court honors graduates with scholarships May 24, 2009
"It'll just lessen that student loan thing a little more," he said. (Reach reporter Jenny Michael at 250-8225 or. (Bismarck Tribune, ND)
OPINION: Credit-Card Industry Slams Users May 22, 2009
The result of their efforts is that college students now carry an average credit card debt of $3,173, according to a recent study by student loan provider Sallie Mae. I can consider myself lucky for two reasons: my credit card company didnt scale back my balance limit, as theyve done to millions of other card holders; and even if they had it wouldnt have hurt me financially. (Fox News)
House Panel Evaluating Student Lending Reforms May 22, 2009
WASHINGTON -(Dow Jones)- A Congressional panel Thursday assessed proposals to revamp the federally backed student loan market that could lead to private lenders being pushed out of the student loan marketplace. The House Education and Labor Committee heard testimony from the U.S. Education Department on the Obama administration's plan to make the federal government the sole provider of federally-guaranteed student loans. (SmartMoney)
Helenans show heart,and hard work May 20, 2009
Twenty-one employees from Student Assistance Foundation took part, as the student loan group took part for the second year. It s just a good community service project, said Todd Jones, SAF s benefits coordinator. (Helena Independent Record)
Founder buys ailing school of broadcasting May 19, 2009
The new owners abruptly closed all 26 locations in 16 states in March and filed bankruptcy, blaming the tightening student loan market and a dispute with its lender. Related Stories. (Republican-American)
Singletary: Pay student loans now if you can May 19, 2009
The one thing that won t go away is the tens of thousands of dollars graduates owe in student loans ... As debts go, student loans provide more built-in options to delay repayment than any other credit obligation ... And starting July 1, there is a new income-based repayment for federal student loans. (Green Valley News & Sun, AZ)
GET ANSWERS: School Loans Getting Bigger May 19, 2009
Bonnie Bonesky from Macon wrote to us, "I went to a college in 1990. After I received my associates degree, I found out that they weren't an accredited college. I've been paying on a student loan since 1990. I can't even transfer these credits. Where can I get help with this situation?". Bonesky graduated college with a 3. (13WMAZ.com, GA)
Founder Buying Back Broadcasting School May 19, 2009
In March, the new owners abruptly closed all 26 locations in 16 states and filed for bankruptcy, blaming the tightening student loan market and a dispute with its lender. Court documents indicate that Robinson is scaling back the school's operations and is acquiring 11 schools, including the Farmington and locations. (FOX61, CT)
Student loan repayment Regulations revised May 18, 2009
The Regulations concerning the repayment of Student loans by borrowers who took out income contingent student loans for courses starting from September 1998 have been reissued as a consolidated Statutory Instrument (The Education (Student loans) (Repayment) Regulations 2009, ). Those who advise borrowers about student loan repayments should be aware of the content ... The Regulations set out the provisions under which student loans are repaid, which include the collection of loan repayments by... (Accounting Web, UK)
Some advice for new college graduates: avoid stretching out loan repayments May 17, 2009
The one thing that won't go away is the student loans ... As debts go, student loans provide more built-in options to delay repayment than any other credit obligation ... Your options vary depending on whether you have a federal or private student loan. (Boston Globe)
District Court handles 7 drug cases in April (16) May 17, 2009
Investigators also seized $2,000 in currency that was later returned after determining that the money was the proceeds of a student loan or grant to Mrs. Saenz and not drug sales ... Investigators also seized $2,000 in currency that was later returned after determining that the money was the proceeds of a student loan or grant to Mrs. Saenz and not drug sales. (Port Lavaca Wave, TX)
Government urged to facilitate disbursement of students' loan May 16, 2009
"Many students who rely solely on the meagre loans under the student loan scheme are languishing in absolute despondency following the failure of the appropriate authorities to disburse money to them," he said. Mr Tweneboa-Kodua was addressing a news conference as part of activities marking the celebration of National Students' Day, which falls on May 15. (Ghana Web, Ghana)
Lockstep Model Loses Favor as Law Firms Pressure Partners May 16, 2009
The elevator system will still apply under a merit-based model, Cotterman said, because inflation and recent graduates' need to service student loan debt will still force the elevator upward. The escalator will still be in play because there will always be value in the accumulation of experience and that can only come with time, he said. (Law.com)
TELL US: Have loan payments kept you from following your dreams? May 15, 2009
College graduates struggle to repay student loans - USATODAY.com ... College graduates struggle to repay student loans ... Many grads will struggle paying off student loan debt. (USA Today -- Money)
Monster Sues RBC for Not Buying $66 Million in Auction-Rate Securities May 15, 2009
May 14 (Bloomberg) -- , the worlds largest online-recruiting company, asked a U.S. judge to order RBC Capital Markets to buy back at least $66 million in student loan auction-rate securities ... According to the complaint, RBC officials ensured liquidity for the student loan auction rate securities it underwrote. (Bloomberg -- Canada)
College Graduates Struggle to Repay Loans May 14, 2009
Thousands of college graduates are facing a student loan crisis ... Student loan defaults are at their highest rate since 1998, and likely will go higher ... And though federal student loans offer some payment modification options, private loans are far more onerous, because even filing for bankruptcy rarely wipes out the debt. (13WMAZ.com, GA)
Nelnet Reports First Quarter 2009 Results May 12, 2009
In recent years, in order to reduce legislative risk, the company has expanded its products and services generated from businesses that are not dependent on the federal student loan program, including the company's enrollment services, tuition payment plan, and campus commerce businesses ... The company reported core student loan spread of 0 ... For the first quarter of 2009, core student loan spread includes net derivative settlements of $24. (PR Newswire)
Credit unions step up student lending May 12, 2009
Credit unions are becoming key players in the private student loan market as the cost of higher education steadily increases and California s two public university systems get set to vote on more fee hikes ... Credit Union Student Choice, a consortium of credit unions from around the country that offer private student loans, estimates the higher education market at $200 billion a year. (San Jose Business Journal, CA)
Addict changes ways to avoid prison May 12, 2009
ABOUT THE SENTENCE Waterford resident Sheri Husted received a sentence in the recommended federal guideline range for the felony of wire fraud, for fraudulently obtaining a $20,000 student loan in 2007 ... Husted, 45, a nurse and a recovering alcoholic, was sentenced Monday to two years of probation and 100 hours of community service for fraudulently obtaining a $20,000 student loan in July 2007 -- money she used to pay personal expenses as her losses at the casinos crushed her family's... (Erie Times-News, PA)
Payback time for new grads May 11, 2009
For Lawrence Simmons, who graduated from Mississippi State University last week, the reality about student loans is a stark one ... "If it weren't for student loans, I wouldn't have been able to graduate college and wouldn't have the job I have today," said Jeffrey Ellis, an engineer at Northrop Grumman on the Gulf Coast ... The decision to take out student loans was made a bit easier simply because he knew he would be entering a lucrative field, he said. (The Clarion-Ledger)
SAN MARCOS: Proposed fee hike would add $305 to CSUSM students' annual costs May 11, 2009
The increase's effect on student loan recipients would be delayed until they begin paying the money back, Worden added. "For the other half of our students, who are not covered by financial aid, it (would) cost them a little bit more (this fall)," she said. (North County Times)
Black colleges will fight federal cuts May 11, 2009
President Barack Obama's education budget, unveiled Thursday, included major spending increases in many areas but didn't include an extra $85 million that black institutions have received annually for the past two years thanks to a 2007 change to the student loan laws. That two-year-old program provided direct funds to federally recognized HBCUs historically black colleges and universities. (Atlanta Journal-Constitution)
New laws in North Dakota: A to Z May 10, 2009
DENTIST LOANS: Dentists who are working in North Dakota nonprofit dental clinics may apply for student loan repayment grants of up to $60,000, to be paid over two years. Recipients must work in North Dakota public health or nonprofit clinic jobs for at least three years. (Bismarck Tribune, ND)
Students snared by high-interest debt May 10, 2009
Fewer private student loans, which often have variable interest rates, and "PLUS" loans are being originated because of stricter underwriting standards, according to Mark Kantrowitz, publisher of , a college funding information website. Credit card interest rates are often higher than private student loan rates, and funding college costs with credit cards should only be used after exhausting other loans and for necessary expenses, said Kantrowitz. (Boston Globe)
Average student loan debt in Ill. is $18,500 May 10, 2009
Average student loan debt in Ill ... The national Project on Student Debt says the average Illinois graduate in the class of 2007 left school with about $18,500 in student loan debt ... Last week, Illinois Gov. Pat Quinn signed legislation aimed at jump-starting a stalled program that helps people get back in good standing after theyve defaulted on student loans. (The Pantagraph newspaper)
