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 [...]

You’ve got the college degree, and now you’re stressed about what do to with the debt.
“Even if your student loans exceed your annual salary — which is, unfortunately, a common phenomenon these days — you can knock down those debts and start to regain control of your financial life,” says Lynnette Khalfani in her new [...]

Congressional leaders are moving briskly ahead on bills that would dramatically cut interest rates on student loans for some borrowers.
Although the measures have yet to become law, one has been approved in the House and a similar proposal has passed a key Senate committee. Experts say this is a sign that lending reforms are likely [...]

Student-loan borrowers cheered last month when the House voted to halve interest rates on federal loans. But don’t start celebrating just yet.
The bill, called the College Student Relief Act of 2007, would reduce the current rate on subsidized Stafford loans from a fixed 6.8 percent to a fixed 3.4 percent over five years.
Subsidized Stafford loans [...]

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, [...]

While Junior’s busy writing a captivating college admissions essay and filling out stacks of applications, Mom and Dad bite their fingernails, wondering how they’re going to pay for it.
Paying for college can be a complicated and intimidating journey, but with some helpful advice and plenty of resources, it’s not so bad.
How much will it cost?
When [...]

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 [...]

In a televised campaign ad, Republican Gov. Jim Douglas stands on the campus of the University of Vermont and tells viewers that his Promise Scholarships “cover up to 50 percent of tuition costs for thousands of Vermonters who couldn’t attend college without them.”
It sounds like students can apply now — but those Promise Scholarships don’t [...]

The homework begins for today’s college students long before they set foot in a university lecture hall. The late nights start with poring over an increasing array of student loan options. “A big part of getting to college and staying in college is figuring out who offers the best interest rate, who offers the best [...]

Many parents who want to help their children with college costs are not aware that funds still are available before the fall semester begins. With PLUS Loans — Parent Loans for Undergraduate Students, funds up to the full cost of college with rates as low as 6.25 percent are available throughout the year through Phoenix-based [...]

Benedict College has been required to repay more than $658,000 since 2001 for violating rules governing federal student loans, U.S. Department of Education records show.
Benedict President David Swinton dismissed the ordered repayments.
“That’s what auditors do,” he said. “They point out things that need to be fixed.
“That audit covered every year since the [direct] student loan [...]

College students with multiple government-backed loans may want to consider consolidating them before interest rates go up July 1, says Indiana State University’s director of student financial aid.
“I think there’s a good potential for savings right now,” said Tom Ratliff, ISU financial aid director.
Current interest rates “are very attractive,” he said.
Students will have to act [...]