direct loans federal student aid

Student Funding Group Announces New Private Loan Products

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 [...]

Wednesday, January 23rd, 2008

Study up before taking out private-lender student loan

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 [...]

Sunday, October 14th, 2007

College funds for foster children mostly unused

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 [...]

Tuesday, September 4th, 2007

House OKs Pell grant increase, lower college-loan interest rates

The House on Wednesday approved far-reaching changes in student aid programs, voting to slash $19 billion in federal subsidies to student lenders over five years, while increasing grants for needy students and halving interest rates on federally backed loans with the savings.
The bill passed 273-149, in a sometimes-raucous debate, with 47 Republicans joining Democrats, who [...]

Friday, July 13th, 2007

2Futuro Announces $2,000 in Scholarship Awards

2Futuro is pleased to announce the awards of two scholarships of $1,000 each to Mayra Alvarez, a student at California State University, Los Angeles, and Jason Gates, a student at the University of Oklahoma Health Sciences Center in Oklahoma City. They are the first recipients of scholarships awarded through random monthly drawings that 2Futuro conducts [...]

Saturday, July 7th, 2007

Student loan rate, financial aid up slightly

The engrossed budget proposal the state House of Representatives released at the end of March includes $8 million for college financial aid, an increase of $3 million from the previous school year.
It still didn’t meet the $13.4 million requested by Gov. Janet Napolitano and the Arizona Board of Regents.
“Our goal was to make sure that [...]

Tuesday, July 3rd, 2007

College loan volume up, students graduate into debt

Despite a growing number of options to finance a college education, students and parents are increasingly turning to loans.
Not only are students borrowing more money, but more of them are borrowing, according to data compiled by Nebraska’s Coordinating Commission for Postsecondary Education.
The news doesn’t sit well with Carna Pfeil, the commission’s associate director, who is [...]

Tuesday, July 3rd, 2007

Student Loan Industry Struggles Amid Controversy

A bill before Congress would cut billions in federal subsidies for the student loan industry and increase the amount of money available for needy students – with funding coming from the pockets of lenders. The industry is under assault after reports of unethical financial relationships between universities and private lenders.
Loan industry defenders say the [...]

Wednesday, June 27th, 2007

TAMIU urges students to apply for fall financial aid

Students planning to attend Texas A&M International University in the fall should apply for financial aid before August to take advantage of the maximum range of financial assistance available, an administrator said.Laura Elizondo, director of financial aid, said TAMIU awarded more than $27 million in financial aid last year. She said students should apply before [...]

Wednesday, June 27th, 2007

College loan volume up, students graduate into debt

Despite a growing number of options to finance a college education, students and parents are increasingly turning to loans.
Not only are students borrowing more money, but more of them are borrowing, according to data compiled by Nebraska’s Coordinating Commission for Postsecondary Education.
The news doesn’t sit well with Carna Pfeil, the commission’s associate director, who is [...]

Wednesday, June 27th, 2007

College loan volume up, students graduate into debt

Despite a growing number of options to finance a college education, students and parents are increasingly turning to loans.
Not only are students borrowing more money, but more of them are borrowing, according to data compiled by Nebraska’s Coordinating Commission for Postsecondary Education.
The news doesn’t sit well with Carna Pfeil, the commission’s associate director, who is [...]

Friday, June 15th, 2007

Sallie Mae Executive Testifies Before Senate Banking Committee on Private Loans and College Affordability

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 [...]

Friday, June 8th, 2007