A recent article in the New York Times highlighted what many students already knew — that not only was college getting more expensive, but the amount of federal aid available to students is not keeping up with rising education costs.
A revision and update to the EFC, or Expected Family Contribution, formula for the 2005-2006 school [...]
Fitch assigns the following ratings to the $200,000,000 Connecticut Student Loan Foundation (CSLF) Student Loan Revenue Bonds:
Ratings for New Issuance:
* $80,000,000 Senior Series 20046-1 ‘AAA’;
* $100,000,000 Senior Series 2006A-2 ‘AAA’;
* $20,000,000 Subordinate Series 2006B ‘A’.
In addition, Fitch confirms the ratings of the following [...]
There is an option for undergraduate and graduate students who have not yet applied for their student loans or for those without sufficient federal funds for the fall semester. Phoenix-based NextStudent, a premier education funding company, has a private student loan program to help undergraduate and graduate students receive the funding they need to get [...]
Alex Russell of Richmond, a student from the Macomb Academy of Arts and Sciences in Armada, has been awarded a $1,000 grant from The Comcast Foundation. The Comcast Leaders and Achievers Scholarship Program awards students for their commitment to community service, leadership skills, positive attitude and academic achievement. Each $1,000 grant, awarded to 32 people [...]
Northwest Farm Credit Services is pleased to announce the winners of the 2006 Scholarship Program. Thirty-two scholarships were given to sons or daughters of Northwest FCS customers in Idaho, Montana, Oregon, and Washington; six high school students and two college students from each state were awarded $1,000 scholarships.
“Providing scholarships is another way we return value [...]
The single-lender rule that prohibited student borrowers from consolidating their student loans with the lender of their choice was repealed June 15, 2006 when President Bush signed into law the emergency supplemental spending package, H.R. 4939. This has paved the way for student borrowers to consolidate their federal student loans with the lender of their [...]
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 [...]
SimpleTuition, Inc., a company dedicated to making sense of education financing choices, today announced that thirteen leading student loan lenders have signed on to offer borrowers their most competitive lending options though ConsolidationComparison.com, a free online comparison tool for federal student loan consolidation options.
For the first time, borrowers can see an objective, apples-to-apples comparison of [...]
With time running out for graduates to consolidate their federal student loans, conveniences such as electronic signature of applications are quickly becoming necessities. On July 1, 2006, interest rates on federal student loans are scheduled to make a near-record setting 35% increase over the current loan rates. Graduates who consolidate their student loans prior to [...]
Nelnet announced today that borrowers struggling to make student loan payments can now apply for a deferment or forbearance online, including the option to electronically sign the application. This solution gives borrowers fast options for meeting their student loan obligation by temporarily reducing or postponing payments.
The enhancement is part of the company’s ongoing focus on [...]