One of the big promises made by Democrats when campaigning for Congress was to cut interest rates in half for student loans.
The Democratic plan for college tuition would lower interest rates on federally subsidized college loans from 6.8% to 3.4%, but can it be done?
At Indiana State University, 70% of students receive some type of [...]

Although his party has denounced an audit of the state’s higher education loan authority, Republican Gov. Matt Blunt has endorsed it.
Blunt said yesterday that he supported Democratic State Auditor Susan Montee’s review of the Missouri Higher Education Loan Authority, which is targeted as a funding source for his $350 million college construction plan.
In a [...]

If Congressional Democrats make good on a promise to cut interest rates on college student loans, Oregon students could benefit more than nearly any other state in the country.
A study released Thursday by the Public Interest Research Group, OSPIRG, found that college-bound Oregonians would save more than $4700 in loan payments. Rob Manning has more.
Democrats [...]

Forget about getting married or buying a home, instead new college graduates are worried about making next months student loan payment.
On Thursday, students, parents and the Campaign for College Affordability urged Congress to pass legislation cutting student loan interest rates.
A 22-year-old student graduating this year, who consolidates their $40,000 loan at 6.125%, will need to [...]

Thousands of graduates are unknowingly being overcharged for their student loans every year, according to figures obtained by the Conservative party.
Government figures show that more than 21,000 people continued making payments to the Student Loans Company last year even though they had already repaid their debt.
The figures, obtained by the Tories in a parliamentary question, [...]

The Higher Education Act mandates that colleges cannot require students to fund Federal Family Education Loan Program loans through the preferred lenders suggested by their financial aid offices. Therefore, students and parents should keep in mind that it is their decision when it comes to which company funds their FFELP student loans including the subsidized [...]

ELM Resources, Inc. is pleased to announce the delivery of the 2006.3 release of its industry leading ELMNet student loan delivery system. This new release expands on the enhancements included in the first phase of the release launched in December and continues to deliver on ELM’s commitment to provide its customers with the most robust [...]

Some 38,000 students nationwide who have defaulted on study loans taken from the National Higher Education Fund Corporation (PTPTN ) will soon face punitive action.
Corporation chairman Datuk Razali Ismail told The Star Tuesday that the defaulters will face repercussions when it goes after them.
“They have failed to respond to our legal notices and [...]

Nelnet Inc. said the Canadian government has decided to award a student loan contract to another service provider instead of its subsidiary, Edulinx Canada Corp.
The company said it would have to record a pre-tax impairment charge of $9 million to $10 million in the fourth quarter for certain Edulinx assets, including servicing software and hardware [...]

A diploma isn’t the only thing college graduates carry with them when they leave school.
The average student now enters the working world with $16,000 to $20,000 in student loans to repay, a burden that nearly doubled over the last decade.
House Democrats hope to reduce that debt load by slashing interest rates on some student loans [...]