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

Blog posts (18) | Videos (50)
 

A "Key" Tactic to Undermine Consumer Protections

Yesterday at Higher Ed Watch, we wrote about how Key Bank has partnered with dozens of unlicensed and unaccredited trade schools to provide ... to regulations carrying out the law, the FTC said that by holding loan providers accountable ... in the private loan promissory notes it provides students [more...]

Date: 2008-12-11 22:00:00

AES Student Loans Review (pfblogs.org)

American Education Services is a private company that offers information and applications for a variety of governmental and private financing options for students all under one roof. Their website http://www.aessuccess.org/ allows students and their parents to compare various college loan programs, search out financial aid and scholarships [more...]

Date: 2008-10-14 03:04:06

College on a Dime: Public colleges boosted by economic woes

Filed under: College, College on a DimeMany college-bound high school students have their eye on attending expensive private colleges, ... job market, a few hundred dollars per month in student loan payments can add to the stress ... . The huge expenditures of the first few years will have been for nothing. With student loans drying up, many [more...]

Date: 2008-10-27 19:00:00

How To Find Cash Advance Loans Online

by Trinity Taggart If you have extra expenses this month, it may be difficult ... about one business day. If you have decided that you would like to take out a loan of this type ... online, and about private student loans bad credit. [more...]

Date: 2009-01-16 04:46:24

Economic opportunities and predictions in the recession

The lady who sat in front of me at the New Marketing Summit today opened up Day 2 with the question, What opportunities are there in the recession? ... or underwrite private student loans, but that shouldn’t stop you at all from offering a money-saving recipe [more...]

Date: 2008-10-16 02:53:18

An Opportunity to Aid Borrowers

Yesterday, the U.S. House of Representatives pushed through a bill that would extend a previous effort to bail out student loan providers. Before the Senate acts on this legislation, Higher Ed Watch urges lawmakers to view this as an opportunity to come to the aid of financially distressed borrowers struggling with private loan debt [more...]

Date: 2008-09-16 19:25:09

Guest Post: Obstacles or Excuses for Inaction?

[Editor's Note: Last week, Treasury Secretary Henry Paulson said that he planned to expand the $700 billion bailout plan to aid private student loan ... , consumer advocate Deanne Loonin takes a critical eye to lenders' arguments for why [more...]

Date: 2008-11-18 16:20:09

A Doctor Mom's View of Proposed Health Care Reforms

Posted by Dr. Julia Frank, Professor of Psychiatry, George Washington University Even as a left wing physician, ... may not realize that the average medical student enters residency with staggering debt, ranging ... from private schools. These are loan principals that balloon astronomically as young doctors repay [more...]

Date: 2008-09-18 01:25:06

Are You Worried About Paying for College?

Are you worried about paying for college next year? Hate to say it, but you have good reason to be nervous ... their endowments are hurting. Our student loan guru Mark Kantrowitz, who also started the site FinAid, offers ... . What if mom or dad loses their job? What if you only qualify for an expensive private loan… [more...]

Date: 2009-01-15 18:20:53

A Convenient Scapegoat for the Loan Industry

The Bush administration and lawmakers from both political parties are continuing to look for ways to help struggling student loan providers ... ), knowing full well that some of this debt was likely to go into default. While many lenders ... and Access Act -- specifically, the elimination of $18 billion in subsidies to private lenders [more...]

Date: 2008-10-21 20:25:05

Bitch of the Day

My school insurance didn’t cover Gardasil, the HPV vaccine. So I waited until I got a job, found a new doctor and started on private insurance ... . What’s another $600 when I already have $200,000 in student loan debt, right? The U.S. health [more...]

Date: 2008-11-24 16:33:25

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

Certifiably Weak

Congress took a small step this summer to try to prevent students from taking on unnecessary private loan debt ... out the advice of their financial aid administrators before taking on expensive private student loan debt ... the lives of their loans. Unfortunately, direct-to-consumer private loan providers lobbied [more...]

Date: 2008-10-14 20:25:06

House shines light on student bankruptcy

“Earlier this week the House held a hearing on private student loans and bankruptcy, shedding light for the first time on a rather unknown yet devastating aspect of student debt. Did you know that because of legislation dating back to 1976 under the Higher Education Act private student loans are unable to be discharged through bankruptcy? In other words, feel free to run up the credit card and splurge, but take out loans to pay for education? That’s just reckless. [more...]

Date: 2009-09-29 02:57:21

Proud of My Six-Digit Student Loans

Rants like these about evil student loans (these examples by ToughMoneyLove) are how holier-than-thou people feel about student loans ... private schools. At one point, my loans were well over 100K. Today, I'm in my mid-twenties and debt free ... . That's the problem with one-size-fits-all personal finance. As for risk, Ramsey hates all student [more...]

Date: 2009-01-13 14:20:59

My Bad Experience of Applying Private Student Loan

I didn’t enter to local university to further my study last time, ... . At that time, I have to get the private student loan from bank because my family has financial problem ... ’t apply for private student loan and we borrowed some money from my mother’s sister. This is bad [more...]

Date: 2008-10-16 03:54:12

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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