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 [...]

National lender Student Loan Xpress (SLX), a CIT company (NYSE: CIT - News), today welcomed the United States Senate’s passage of the Emergency Supplemental Appropriations Act of 2006 that included a provision which provides immediate relief to student loan borrowers. The final version of the Emergency Supplemental Appropriations Act of 2006 included a critical repeal [...]

College financial aid packages can include a combination of low-interest loans, federal work study and grants or scholarships that need not be repaid. The more desirable your child is to the college, the larger percentage of grants and scholarships he or she will receive.
So how do you position yourself to score the most aid dollars [...]

Students with private education loans take note- not all private consolidation loans are created equal. National lender Student Loan Xpress, a CIT company (NYSE: CIT - News), today introduced a new private consolidation loan with uniquely favorable terms for today’s graduates.
“With education costs soaring, more students are taking advantage of private education loans to help [...]