Moody’s Investors Service said higher auction rates for securities backed by student loans could lead to a downgrade of some that have low collateral.
The ratings agency said under-collateralized subordinate tranches of student-loan backed securitizations “have become vulnerable to downgrade risk to the extent that this higher than usual pricing is sustained.”
Student loan lenders package loans […]
ITT Educational Services, Inc. (NYSE: ESI - News), a leading provider of technology-oriented postsecondary degree programs, announced today that it has arranged for Bank of America, Chase Education Finance and Citibank, The Student Loan Corporation to provide federal and private education loans to qualified ITT Technical Institute students and their parents for the remainder of […]
Student Funding Group, LLC (StuFund) announced that it will be offering a number of new private student loan products. Some of these loans will feature no fees and are designed for students looking to finance their college education or consolidate private loan debt.
The StuFund Solutions Loan will have zero fees and offer competitive rates. “Our […]
A lawsuit seeking to stop Missouri’s student loan agency from supplying money to Gov. Matt Blunt’s college construction plan has been dropped.
A Cole County judge had denied a request in September to temporarily bar the Missouri Higher Education Loan Authority from paying the first installment of Blunt’s $350 million plan. Although the initial request failed, […]
Academic Financial Solutions, a leading student loan debt consolidation company based in Tampa, Florida, alerts college graduates who graduated last May or June not to delay on college loan consolidation.
“Waiting to consolidate will be costly,†says Michael Babb, President of Academic Financial Solutions. “Many student loan borrowers don’t realize that their six-month grace period is […]
With college costs continuing to rise, parents and students are increasingly turning to private lenders to cover the cost of tuition.
From 1995 to 2006, the amount of money borrowed from private lenders to pay for college rose from $1.3 billion to $17.3 billion, according to MSN Money columnist Liz Pulliam Weston. Why should this concern […]
Stacy Maciuk, a 24-year-old who went through Tennessee’s foster care system, lobbied the state’s General Assembly as a college student in support of a foster child tuition grant program.
The Nashville resident said her argument to lawmakers was simple: Invest in these youths now or pay for them later to be in prison, on welfare or […]
Three private colleges in Connecticut will add a total of $75,000 to their scholarship funds to settle allegations of questionable arrangements with a student loan agency, Attorney General Richard Blumenthal said Monday.
Trinity College, Fairfield University and Sacred Heart University all denied any wrongdoing but agreed to abide by a code of conduct that would no […]
Brad Roae is a state representative from the Sixth District.
Question: Is there any help available for members of the armed forces who served in the Middle East and are now having trouble paying their student loans?
Answer: Yes. The Pennsylvania Higher Education Assistance Agency (PHEAA) has extended the Armed Forces Loan Forgiveness Program to provide a […]
Graduating college students across the country recently have received their degrees and are taking their first steps into the real world, which includes repaying their student loans. According to NextStudent, a leading Phoenix-based education funding company, composing a strategy for repaying college student debt is simple, once borrowers are armed with accurate, easily applicable information.
Fortunately, […]
College students will be able to borrow more from Uncle Sam and pay less in fees to lenders under a federal law that takes effect this week.
It will be the first time that the annual limits on federal Stafford Loans have increased since 1992. Over the same time period, tuition rates have more than doubled.
The […]
A federal law that takes effect this week spells more money in the pockets of college undergraduates who borrow from Uncle Sam.
The new law changes the annual Stafford loan limits for students who qualify for financial aid. The change provides an additional $875 per year for freshmen and $1,000 per year for sophomores. The $5,500 […]