Posts tagged with ‘Loans

Changes Coming To Federal Student Loan Program

May 13th, 2006

There is a big change coming to the federal student loan program, and according to officials, students who miss the July 1 deadline could pay dearly.
According to the National Center for Education Statistics, 63 percent of students get some type of financial aid.
Under the current system, students can consolidate their federal loans repeatedly while they’re [...]

Wachovia Introduces Federal PLUS Loan for Graduate and Professional Students

May 5th, 2006

Education Finance, one of the top-10 student-loan providers in the nation today introduced the Federal PLUS Loan for graduate and professional students.
Similar to the existing Federal PLUS Loan for parents of undergraduate students, the new Graduate PLUS program will allow graduate and professional students to cover 100 percent of their total education costs, less other [...]

Student Loan Xpress Introduces Private Consolidation Loans with Easy Application, Repayment Terms

May 5th, 2006

Students with private education loans take note- not all private consolidation loans are created equal. National lender Student Loan Xpress, a CIT company (NYSE: CIT - News), today introduced a new private consolidation loan with uniquely favorable terms for today’s graduates.
“With education costs soaring, more students are taking advantage of private education loans to help [...]

Education Finance Partners Launches Private Consolidation Loan

May 2nd, 2006

Education Finance Partners, a private education loan company providing consumer lending expertise, announces the launch of a groundbreaking private consolidation loan offering borrowers the option of a fixed or variable interest rate. This product gives borrowers the ability to refinance their existing private student loans (also called alternative loans) into one new loan offering lower [...]

July 1st Key Date for Student Loans

May 2nd, 2006

New federal rules on student loans go into effect July first and it could be a headache for college students and graduates.
The interest rate is going up as much as 2% and that could tack on thousands of dollars to the average loan.
Keith New, spokesman for the Pennsylvania Higher Education Assistance Agency, says it’s also [...]

Loans one of many factors driving student OE

May 2nd, 2006

Student loans one of many factors driving student OE decisions – new study
People with higher levels of student debt are more likely to go overseas post-study. But student loans and their size are not the only factors associated with the decision to live overseas, according to a report released today by the Minister for Tertiary [...]

MCC Receives Grant For First Generation College Push

April 30th, 2006

A $62,139 grant from the TG Public Benefit Grant Program will help find a program at McLennan Community College that’s aimed at reducing high school dropout rates and encouraging at-risk students to become the first in their families to graduate from college.
TG is a Texas-based nonprofit corporation that guarantees federal student loans.
MCC”s First Generation College [...]

Loan changes hit college costs

April 28th, 2006

It’s time to revisit a cardinal rule about paying for college.
The time-honored advice is to plan carefully and years in advance of when the money will be needed.
Federal education loans have long been counted on by many families to finance at least a portion of college expenses, and when other resources such as savings and [...]

Citibank Offers Graduate Students Opportunity to Secure Federal PLUS Loan Funds; Company Ready to Accept & Process Applications

April 27th, 2006

The Student Loan Corporation, a subsidiary of Citibank N.A., and a leading originator of student loans, today announced that graduate and professional students can now conveniently apply online for a Citibank Graduate Federal PLUS Loan for school certification on or after July 1, 2006.
“Not only is Citibank making applying for the PLUS Loan as easy [...]

Democrats propose student loan interest rate reductions

April 25th, 2006

Two key Democratic lawmakers are promoting a bill to cut the interest rates for student loans in half in response to large budget cuts made to student aid earlier this year.
The “Reverse the Raid on Student Aid Act,” introduced earlier this month by Rep. George Miller (D-Ca.) and Sen. Dick Durbin (D-Ill.), would lower interest [...]