Many college graduates are taking in a breath of fresh air this month after graduation, knowing that they no longer have to study for exams, give presentations or write papers. However, reality sinks in when grads think about paying back the student loan debt they have acquired. The median student loan debt for young adults [...]
Sallie Mae Senior Vice President Barry Goulding today testified at the Senate Banking Committee hearing, ‘Paying for College: The Role of Private Student Lending’ to demonstrate how Sallie Mae serves students and parents in the private education loan market.
Goulding emphasized Sallie Mae’s ‘1-2-3 approach’ to paying for college: 1) after tapping personal financial resources such [...]
OneSimpleLoan® http://www.OneSimpleLoan.com, a student loan finance and consulting firm specializing in student loan consolidation, today announced that President & CEO Paul J. Simino is a finalist for the Ernst & Young Entrepreneur of the Year® 2007 Award in the Florida region. According to Ernst & Young, the awards program was designed to recognize outstanding entrepreneurs [...]
As college graduation season comes to a close, the newly anointed degree holders finally have to face a new reality — life with hefty education debt.
There is plenty to be done before the debt starts to come due — in about six months for most — but graduates will need to act fast and think [...]
Some lending companies with access to a national database that contains confidential information on 60 million student borrowers have repeatedly searched it in ways that violate federal rules, raising alarms about data mining and abuse of privacy, government and university officials said.
The improper searching has grown so pervasive that officials said the Education Department is [...]
Combine the rising costs with increased pressure on schools to offer the most accurate and complete loan option information to families and/or students, and it is no surprise that Senator Ted Kennedy’s Student Loan Sunshine Act, a bill that - if passed - will require all higher education institutions that accept federal funds to publicly [...]
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 [...]
Loan consolidation is an important step in dealing with your student debt. AMSA members are eligible for the AMSA (American Medical Student Association) Loan Consolidation Program. It is important to understand loan consolidation and the real terms of any loan or consolidation contract. I want to provide you with some general information about loan consolidation [...]
New grant programs. Higher interest rates for student loans. A permanent tax exemption for 529 savings plans. In the college financing arena, the hottest trend in 2006 seemed to be change itself. A little tinkering here. Some sweeping overhauls there. What it all means depends on your personal circumstances. But no matter where you are [...]
Fitch rates the following student loan-backed notes issued by SLM Student Loan Trust 2006-7:
* $159,000,000 class A-1 floating-rate notes ‘AAA’;
* $406,000,000 class A-2 floating-Rate notes ‘AAA’;
* $175,000,000 class A-3 floating-rate notes ‘AAA’;
* $457,000,000 class A-4 floating-rate notes ‘AAA’;
[...]
Fitch rates the following floating-rate student loan-backed notes issued by SLM Student Loan Trust 2006-6:
* US$501,000,000 class A-1 ‘AAA’;
* US$280,000,000 class A-2 ‘AAA’;
* US$254,843,000 class A-3 ‘AAA’;
* EUR372,000,000 class A-4 ‘AAA’;
* US$46,666,000 class B ‘AAA’.
The [...]
Midnight Friday is your deadline if you’re one of the millions of people with a student loan.
The latest government reports show the amount of student loan debt has sky rocketed to more than $50 billion. Now, students, parents and graduates have just a few days to save money.
Getting accepted to the college of your choice [...]