Missouri’s student loan authority has put on hold an independent financial analysis of a proposed higher education funding plan sought by Gov. Matt Blunt, the agency’s director said yesterday.
The Missouri Higher Education Loan Authority proposed in January to sell billions of dollars worth of student loans over several years to help finance Blunt’s $450 million [...]
With time running out for graduates to consolidate their federal student loans, conveniences such as electronic signature of applications are quickly becoming necessities. On July 1, 2006, interest rates on federal student loans are scheduled to make a near-record setting 35% increase over the current loan rates. Graduates who consolidate their student loans prior to [...]
The second largest interest rate hike in the history of the student loan program is only weeks away and local students will be among the millions affected, but it’s not too late to lock in lower rates.
Federal student loan interest rates will increase almost 40 percent for students and 30 percent for parents July 1, [...]
Nelnet announced today that borrowers struggling to make student loan payments can now apply for a deferment or forbearance online, including the option to electronically sign the application. This solution gives borrowers fast options for meeting their student loan obligation by temporarily reducing or postponing payments.
The enhancement is part of the company’s ongoing focus on [...]
Say goodbye to the pressure of tests; bring on the pressure of debt … a lot of debt if you are like the average person graduating from college this year.
Until now, you may have paid little attention to the loans you’ve been taking out to pay for college. But usually about this time, after donning [...]
This month, approximately 4 million college students will leave campus for good, taking away diplomas, friendships, and an average of $23,000 in federal student loans. The first shock of life after college may not be the workforce for many graduates, though. On July 1, 2006, graduates with federal Stafford loans will be facing a significant [...]
A recent article in the New York Times highlighted what many students already knew - that not only was college getting more expensive, but the amount of federal aid available to students is not keeping up with rising education costs.[1]
A revision and update to the EFC, or Expected Family Contribution, formula for the 2005-2006 school [...]
Fitch Ratings has issued a presale report on SLM Student Loan Trust, Series 2006-5.
The presale report is available to all investors on Fitch’s corporate site, ‘www.fitchratings.com’. For more information about Fitch’s comprehensive subscription service Fitch Research, which includes all presale reports, surveillance, and credit reports on more than 20 asset-backed securities (ABS) asset classes, including [...]
This month, approximately 4 million college students will leave campus for good, taking away diplomas, friendships, and an average of $23,000 in federal student loans. The first shock of life after college may not be the workforce for many graduates, though. On July 1, 2006, graduates with federal Stafford loans will be facing a significant [...]
Analysts say a student with a $20,500 Stafford loan can save $3,245 by consolidating before July.
Students and parents who’ve borrowed to cover college costs should consider consolidating their loans by June 30 because interest rates rise 2 percentage points July 1.
The reason: The deficit-reduction act Congress and President Bush OK’d this year changed the rules for [...]
Interest rates on student loans are set to rise again in July by almost two points, making this month an important time for borrowers to consolidate and save money.
Student loan interest rates will climb 1.84 percentage points July 1, one of the largest increases in the history of the program, according to Pat Scherschel, vice [...]
There’s a lot Kristin Bolig has to be nervous about now that she’s graduated college. Will she find a job both satisfying and well-paying? Will making friends be easy? East Coast, West Coast or somewhere in between? Buy or rent?
One thing is overshadowing the typical worries that come with beginning a new chapter in life. [...]