Illinois Attorney General Lisa Madigan on Friday issued a legal opinion that appears to put the kibosh on Gov. Blagojevich’s controversial plan to sell the Illinois Student Assistance Commission’s $4 billion student loan portfolio — which could reap the state at least $100 million.
The opinion states the commission can’t sell the entire portfolio and discontinue [...]
If your federal financial aid award left you feeling a little high and dry, don’t sweat it. Uncle Sam is just one source of funds to tap for college. From cashing in on your company’s tuition reimbursement program to attending a work or co-op college, there are lots of ways to pay for college without [...]
Think Financial, a new company that markets private student loan products directly to consumers, today announced it has signed a contract with The First Marblehead Corporation (NYSE: FMD), a national leader in creating solutions for education finance. Think Financial will offer a complete suite of direct-to-consumer student loan products, including loans for k-12, undergraduate, graduate [...]
Fitch has confirmed the outstanding ratings of the following student loan revenue bonds issued by the Higher Education Loan Authority of the State of Missouri (formerly known as Missouri Higher Education Loan Authority or MOHELA):
Fitch confirms the following ratings:
* $17,370,000 subordinate series 1994A, ‘A’;
* $35,000,000 senior series [...]
The homework begins for today’s college students long before they set foot in a university lecture hall. The late nights start with poring over an increasing array of student loan options. “A big part of getting to college and staying in college is figuring out who offers the best interest rate, who offers the best [...]
Gov. Matt Blunt’s plan to use student loan profits for a college building boom was put on hold Friday after a warning from Attorney General Jay Nixon’s office that anyone voting for the plan could be sued.
The board of the Missouri Higher Education Loan Authority had been expected to vote Friday on the plan to [...]
Utah’s college student loan debt is the lowest in the country, according to a study by the Project on Student Debt.
The nonprofit group based in Berkeley, Calif., also found that states with the highest cost of living do not necessarily have the highest levels of student loan debt.
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The Education Department said yesterday it would arrange for free credit monitoring for as many as 21,000 student loan borrowers after their personal data appeared on its Web site.
Terri Shaw, the department’s chief operating officer for federal student aid, said the people involved are holders of federal direct student loans who used the department’s loan [...]
The Education Department said it would arrange for free credit monitoring for as many as 21,000 student loan borrowers after their personal data appeared on its Web site. Terri Shaw, the department’s chief operating officer for federal student aid, said the people involved were holders of federal direct student loans who used the department’s loan [...]
A Bush administration study panel has withdrawn a proposal to eliminate most federally backed student aid after protests from colleges, students and banks.
“The current situation doesn’t allow the commission an opportunity to understand the details or defend the idea,” Charles Miller, chairman of the Commission on the Future of Higher Education, wrote to fellow commissioners [...]