10 of the Millennium’s Best College Business Scandals

Having a higher education usually means making a higher income, but these ten deal snatchers have made an art form of pilfering available resources ... list. About 90% of students look no further when seeking a federally guaranteed student loan ... returned millions to the schools based on loan volume the schools referred. Six schools have agreed [more...]

Date: 2008-09-04 19:30:49

Blog posts (27) | Videos (40)
 

How To Pay Down $83,306.89 in Student Loans

I have been out of college for about 2.5 years now and made a little bit of progress on my private student loan ... from you) against my private consolidation loan. So the goal is looking at a minimum of $16,800 going ... but not impossible. How are your numbers looking for student loan debt remaining? Private or federal [more...]

Date: 2009-01-07 20:00:00

Laying Out Student Loan Options for CBO

Around this time of year our friends at the Congressional Budget Office (CBO) ... Grants As we have said previously, the role student loan guaranty agencies play in the Federal Family Education Loan (FFEL) program is anachronistic, inefficient, ill-defined and riddled [more...]

Date: 2008-10-30 15:41:49

John McCain - What Will He Do With Your Money?

We are currently examining the economic policies of the presidential candidates ... be forgiven, and the new loan would be backed by the FHA. Protect student loans: The goal of McCain’s plan is to make sure that student loans are available during the credit crunch. Federal Spending [more...]

Date: 2008-10-28 17:05:46

Bad Credit Student Loans

by Dave Davidson For individuals who would like to get a college education, the cost of tuition can often make or break their decision ... need, you may be able to qualify for a Federal Stafford loan or Perkins loan. The Stafford loan issued ... loans. There is another kind of Stafford loan that is unsubsidized. This means that once the loan [more...]

Date: 2009-01-02 21:13:19

A Cause for Celebration

To celebrate Independence Day, Higher Ed Watch will be going on hiatus next week ... that have occurred in the Federal Family Education Loan (FFEL) program in recent years. Most of these changes ... substantial changes are to the federal student loan programs and the interest rates charged [more...]

Date: 2008-06-26 15:20:31

Target Campus-Based Aid

The holidays may be over, but the higher ed community is still waiting to see what Uncle Sam is going to put into its stimulus stocking ... and inefficiency in the federal student loan programs, because that's where big taxpayer savings were ... .  Our bet is it will be much needed tens of billions of dollars, hopefully for both student aid [more...]

Date: 2009-01-07 17:20:05

The Rest of The (Belated) Week In Review

Didn't get to this yesterday, as I basically played hooky from blog. So I'm cleaning out the closet: • The House voted to strip all federal funding from ACORN in the student loan bill, and there are more such funding strip amendments in the health care markup in the Senate Finance Committee. The "let's strip ACORN funding" amendment will soon become a staple of GOP politics. Only problem is an unconstitutional bill of attainder , but when have laws gotten in a way of a good story. [more...]

Date: 2009-09-22 05:17:00

Fifth Third Bank Involved in Student Loan Scandal

Fifth Third Bank could potentially lose its right to participate in the Federal Family Education Loan Program, the Department of Education’s program that allows private banks to offer Stafford Loans and PLUS ... Student Loan XPress entered into eligible lender trustee agreements with three lenders: MSA Solution [more...]

Date: 2009-01-08 17:40:15

Wall Street Breakfast: Must-Know News

New acronym on the block... The government unveiled its newest initiative, called TALF, or Term Asset-Backed Securities Loan Facility. The $200B facility will support consumer finance, including student, auto and credit card loans ... Mac (FRE) and the Federal Home Loan Banks. According to the statement released by the Fed [more...]

Date: 2008-11-26 12:14:47

Hidden in the Stimulus Bill

Last December Higher Ed Watch caught wind of back-room maneuvering on Capitol Hill to retroactively change the way the federal government sets lender subsidies in the guaranteed student loan program. Education Secretary Margaret Spellings ... concern that the change sought by the Secretary (and the student loan industry) was being debated [more...]

Date: 2009-01-15 23:20:03

Important News for College Graduates

Attention recent college graduates: starting July 1st, ... loan consolidation program. All borrowers with non-consolidation federal student loans that were ... percent can save big money by refinancing their debt after July 1st of this year [more...]

Date: 2008-06-10 20:30:00

Back Room Deal on Student Loan Subsidies?

Last month Secretary of Education Margaret Spellings wrote to Sen. Edward Kennedy (D-MA) ... in the guaranteed student loan program. This request has received little attention from the press ... reforms in the Federal Family Education Loan (FFEL) program. The Subsidy And Its History [more...]

Date: 2008-12-04 20:45:00

TARP II: The Wrath of TALF

In normal times the Federal Reserve responds to crises by using teeny, gold-plated hydraulic levers to raise and lower interest rates ... which it will lend up to $200 billion to support the issuance of debt backed by consumer and small-business debt -- such as credit-card loans, student debt, auto loans and loans backed by the Small [more...]

Date: 2008-11-26 15:35:02

Wall Street Breakfast: Must-Know News

Consumers to get new loan program. The Treasury and Federal Reserve are working on a new facility to boost consumer financing, ... loans, student loans and credit cards, but could eventually be expanded to include mortgages [more...]

Date: 2008-11-25 12:15:23

Attention GAO: Aid Programs are Still at Risk

If the events of the last two years have taught us anything, it's that the U.S. Department of Education's oversight of the Federal Family Education Loan (FFEL) program ... student aid programs stood at the top of the list, along with other notorious trouble areas [more...]

Date: 2008-07-10 22:02:00

This Guy Is a Moron!

I just wanted to remind everyone that this idiot predicted a 20,000 point Dow by the end of the year. Have a nice day ... Gas? (13) March 10, 2008 — Welcome to the Recession (11) February 12, 2008 — Student and Federal Loan Consolidation (8) [more...]

Date: 2008-10-04 22:26:03

Simpler Student Loan Process Coming?

The six-page-long Free Application for Federal Student Aid (FAFSA) form includes more than 120 questions, including three that ask how old you are in three different ways. That's the kind... [more...]

Date: 2008-10-05 18:15:26

Stanford Law "Escort" Sentenced To Home Detention

There's a little truth to every cliché - and, it turns out, at least one escort was charging for dates to pay off Stanford Law student loans.   San Jose Mercury News :  A Stanford Law graduate was sentenced Monday on a federal tax conviction related to running a high-priced call girl service, punishment that includes restrictions on her ability to keep advertising as an escort while she's on probation. During a hearing in San Jose federal court, U.S. [more...]

Date: 2009-09-29 16:26:00

Breaking on the Web: September 17, A.M. Edition

McCain Able to Skirt Limits of Federal Financing - Matthew Mosk, ... , USA Today Dispute Clouds Revival of Student-Loan Market - Robert Tomsho, Wall Street Journal ($) Questions Surround Student Journalism Contest - Justin McLachlan [more...]

Date: 2008-09-17 16:19:00

Student loan fixes will generate heat

Presidential candidates Barack Obama and John McCain say they'll reform the federal government's $150 billion student financial aid program. Commentator Kim Clark says that's great, but it's going [more...]

Date: 2008-09-12 20:01:38

Guess who wants a $45 billion bailout now

With the Big Three seeking a bailout from Washington, the Big Ten are following suit ... promised to expand federal subsidies to higher education by increasing Pell grants and making student-loan [more...]

Date: 2008-12-21 06:35:51

Bernanke: Federal Reserve Policies in the Financial Crisis

Ben Bernanke does not expect further interest cuts to have much of an impact on the economy, ... , credit card receivables, student loans, and other forms of credit greatly curtailed. Consequently [more...]

Date: 2008-12-01 20:42:00

Student Loan Default: How to Deal with It

by William Blake The Department of Education has many different avenues with which it works hard to get money back from individuals whose student loan payments have turned into student loan default. Defaulting on a federal student loan can become such a costly event that it often becomes more expensive than an individual’s original student loans [more...]

Date: 2009-01-15 12:05:44

Passin’ the Buck

My morning ritual combines breakfast and channel surfing, to get a flavor of what we used to call the “mass media” considers newsworthy ... administrators of the federal student loan program. ASA has put forth a proposal for federal student loan reform ... is on the up and up, interest rates are high, repayment options are limited, and students face the [more...]

Date: 2009-01-13 14:15:10

Want to Consolidate a Student Loan?

Just finished school and now it’s time to start paying on those Student loans fall into two categories. 1 ... consolidation services. A federally funded student loan also cannot be consolidated with credit card debt. If you are considering consolidation of your student loans, gathering the appropriate [more...]

Date: 2009-01-08 02:29:44

A Hazardous Student Loan Bailout Plan

If you haven't heard yet, Treasury Secretary Henry Paulson quietly inserted a provision in his $700-billion bailout plan designed to come to the ... student loan borrowers take out a private loan before they exhaust safer, cheaper federal Stafford ... rescue of struggling student loan providers. While virtually no details of the plan are yet [more...]

Date: 2008-09-24 18:17:00

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