The Arizona Department of Commerce also was asked Wednesday to determine whether the procedure followed by Gov. Janet Napolitano in making the designation is the best approach for the state.
The Commerce Department reports to the governor.
The request from Darcy Renfro, Napolitano’s policy adviser on higher education and economic development, comes in response to a story [...]
Gov. Janet Napolitano’s office has asked for a review to determine whether the nonprofit company designated as Arizona’s college loan authority improperly did business with for-profit corporations owned by one of its directors.
The Arizona Department of Commerce also was asked Wednesday to determine whether the procedure followed by Napolitano in making the designation is the [...]
Experience, Inc., the leading provider of career services for students and alumni, today announced the findings from its 2006 “College Life - Finances & Banking” survey. Experience polled more than 4,800 students from colleges and universities nationwide to learn about their use of credit cards and how they choose banks and loans during school.
In addition [...]
WHAT STUDENTS AND PARENTS NEED TO KNOW
The rules for college loans are undergoing a host of changes. Here are the biggest changes and what they mean for you:
Fixed rates on Stafford and PLUS loans:
Since late 1992, the two largest federal student loan programs have come with a variable interest rate. Starting July 1, the rate [...]
Maryland students and families are getting hit with one of the largest interest rate hikes on student loans ever. Families across the country are pinching pennies so they can afford to send their children to college. They are willing to sacrifice a lot for a college education, but it is getting harder and harder as [...]
Student loan rates are increasing, refinancing rules are changing — and midnight Friday is the deadline for borrowers to do something about it.
Federal parent loans and Stafford loan rates will increase about 2 percent under federal policy changes that will take effect Saturday, said Greg Peterson, financial aid director at Winona State University. Refinancing those [...]
College students have until Friday, June 30, to consolidate their education loans and lock in their variable-rate borrowings at a fixed rate, U.S. Rep. Tim Ryan, said Monday.
With the financial aid office at Youngstown State University as a backdrop, Ryan, D-17, urged reporters to get the word out to college students that if they fail [...]
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 [...]
Beginning next month, the two largest federal college-loan programs, Stafford and PLUS, will go from variable to fixed interest rates. Still, you should shop around for student loans.
Lenders can’t go higher than the fixed interest rate: 6.8 percent for Stafford and 8.5 percent for PLUS. However, they can go lower; many will, in the name [...]
College costs keep spiraling upward, and now the cost of borrowing to pay for higher education is about to spike, too.
Students and their parents have taken comfort in a half-decade of ultra-cheap college loans, loading up on debt to cover the bills. About 8 million people borrowed $60 billion this year in education loans issued [...]