Moody’s Investors Service said higher auction rates for securities backed by student loans could lead to a downgrade of some that have low collateral.
The ratings agency said under-collateralized subordinate tranches of student-loan backed securitizations “have become vulnerable to downgrade risk to the extent that this higher than usual pricing is sustained.”
Student loan lenders package loans [...]
ITT Educational Services, Inc. (NYSE: ESI - News), a leading provider of technology-oriented postsecondary degree programs, announced today that it has arranged for Bank of America, Chase Education Finance and Citibank, The Student Loan Corporation to provide federal and private education loans to qualified ITT Technical Institute students and their parents for the remainder of [...]
Student Funding Group, LLC (StuFund) announced that it will be offering a number of new private student loan products. Some of these loans will feature no fees and are designed for students looking to finance their college education or consolidate private loan debt.
The StuFund Solutions Loan will have zero fees and offer competitive rates. “Our [...]
Wilson College was recently awarded $313,275 in grant funds from the National Science Foundation’s Scholarships in Science, Technology, Engineering and Mathematics program.
The grant will be used to provide scholarships of up to $10,000 a year for full-time female students majoring in biology or chemistry.
The scholarships will be available beginning with the fall 2008 semester, according [...]
It is in the government’s best interest that its citizens be well educated. For that reason, there is a system to provide college monies for those who can demonstrate need.
To qualify for financial aid, a student must complete the FAFSA (www.fafsa.ed.gov) either on paper or online. Using the information from the FAFSA, the government determines [...]
A lawsuit seeking to stop Missouri’s student loan agency from supplying money to Gov. Matt Blunt’s college construction plan has been dropped.
A Cole County judge had denied a request in September to temporarily bar the Missouri Higher Education Loan Authority from paying the first installment of Blunt’s $350 million plan. Although the initial request failed, [...]
Academic Financial Solutions, a leading student loan debt consolidation company based in Tampa, Florida, alerts college graduates who graduated last May or June not to delay on college loan consolidation.
“Waiting to consolidate will be costly,†says Michael Babb, President of Academic Financial Solutions. “Many student loan borrowers don’t realize that their six-month grace period is [...]
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 [...]
Stacy Maciuk, a 24-year-old who went through Tennessee’s foster care system, lobbied the state’s General Assembly as a college student in support of a foster child tuition grant program.
The Nashville resident said her argument to lawmakers was simple: Invest in these youths now or pay for them later to be in prison, on welfare or [...]
Three private colleges in Connecticut will add a total of $75,000 to their scholarship funds to settle allegations of questionable arrangements with a student loan agency, Attorney General Richard Blumenthal said Monday.
Trinity College, Fairfield University and Sacred Heart University all denied any wrongdoing but agreed to abide by a code of conduct that would no [...]
Tennessee’s Graduate Nursing Loan Forgiveness Program has reached its $1.4 million goal to fund nursing education in Tennessee.
The money was raised through public and private contributions by health care organizations across the state.
The program was signed into law in 2006 to counteract a nursing faculty shortage in Tennessee.
The U.S. Department of Labor [...]
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 [...]