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 [...]
College students will be able to borrow more from Uncle Sam and pay less in fees to lenders under a federal law that takes effect this week.
It will be the first time that the annual limits on federal Stafford Loans have increased since 1992. Over the same time period, tuition rates have more than doubled.
The [...]
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 [...]
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 [...]
Starting July 1, interest rates for older Stafford and PLUS loans will rise 0.08 percentage points. For borrowers of the need-based Stafford loans who are still in school, interest rates will rise to 6.62 percent, while PLUS loan rates will rise to 8.02 percent, according to student-loan provider Sallie Mae. For those who have already [...]
Ready to pass a cut in student loan interest rates, House members on Wednesday clashed over education priorities — helping college graduates pay off debts or expanding federal grants for low-income students.
Democrats were pushing the interest rate bill through without amendments, eager to check off one more accomplishment in their list of early legislative goals. [...]
Today the Government announced a small movement in the income threshold at which student borrowers must begin repaying their loans. Revenue Minister Peter Dunne said that from 1 April next year borrowers must begin repaying their loan when their income reaches just $17,784.
“For people coming out of tertiary education and earning just $17,784 per year, [...]
When Jeremy Hynd graduated from Vanderbilt University in 2004, he applied to consolidate $44,000 in student loans. With interest rates then at record lows, consolidation offered the opportunity to lock in a 2.5% rate for the life of the loan.
But Hynd discovered that $27,000 of his loans weren’t eligible for federal loan consolidation because they [...]
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 [...]
The B.C. Ministry of Advanced Education is investigating a private college in Vancouver over alleged irregularities involving government student loans to Chinese immigrants.
According to the government, at least 70 recent immigrants used the loans to pay City Tech College $10,000 each in tuition.
When officials with the B.C. Student Assistance Program discovered the students were ineligible [...]