Hard Times for Student Borrowers

Kelly Lynch, a former Columbia College Chicago film and video major, is paying educational loan lender Sallie Mae $600 a month, ... loan lender suspended its student loan consolidation program in April. The policy shift left many ... about 1 percent of his total student loan debt of $60,000. Though Lynch, 21, never received [more...]

Date: 2008-06-30 16:02:42

Blog posts (32) | Videos (69)
 

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

Exclusive: Higher Ed Watch Reveals the Man Who Blessed the 9.5 Student Loan Scandal

Regular readers of Higher Education Washington Inc. (HEWI), a pro-student loan industry publication, were probably not too surprised by a recent blurb it ran discouraging lawmakers from reopening the 9.5 percent student loan case. After all, it's hardly [more...]

Date: 2008-10-08 18:20:22

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

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

How to Eliminate Debt – Debt Consolidation As an Exceptional Method to Get Rid of Student Loan Debt

In these days, getting superior education is critical. Superior education will probably give a higher competitive appointment differentiated of the rest young candidates in the market. Still, in our society almost all good things have a price tag including education. Coinciding with research, education is contemplated as one of the main important investments of the majority of the population; they fund education setting up such as university or college debt. [more...]

Date: 2009-08-19 01:01:07

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

Student Loan

.fullpost{display:inline;}-Everyone want get better education, after high school we want continue the education to University, ... , this site also gives tools and resources for student to get scholarship, loan repayment calculator, financial aid calendar, from this loan you can get fresh fund between $3000-$45.000 per year [more...]

Date: 2009-01-10 07:49:00

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

Number-Crunching the Effects of Student Loans

College Scholarships.org has the bad financial news for college students explained simply and graphically below. The immediate effects of student loans are explained, as well as the long-term effects (the ones you thought you’d be done thinking about that many years down the line). I’m hoping that the nationwide foreclosure situation has educated everyone as to what happens when people are allowed to borrow beyond their means. [more...]

Date: 2009-09-28 22:01:51

North Dakota Legislators Considering A Tuition Freeze

Because government price controls always work so well. (BISMARCK) ... of higher education is taking its toll on students. As noted by the Project on Student Debt, North Dakota ... through student loans. The average debt held by these students is $21,648, which ranks 15th [more...]

Date: 2009-01-15 21:56:58

Student Loan Debt Crushing Graduates

I support higher education, but after seeing a lot of college graduates working at Starbucks, ... s $85-billion student loan market. She borrowed heavily, presuming that all her debt was part ... in photography from Brooks Institute in Santa Barbara. She also picked up $140,000 in student debt [more...]

Date: 2008-12-29 12:00:18

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

Good Debt vs. Bad Debt

by Michael Geoffrey Yes, there is such a thing as good debt ... in the long run. * Student loans - Getting a college education is a good investment as well. By earning ... a start up loan for a business venture this can be good debt. Again you are borrowing in order to give [more...]

Date: 2009-01-14 20:09:45

“Mr. President Elect, have fun this week and next…but don’t forget the average American!”

President Elect Obama dined with the conservative elite last night…read below and post your thought... Yes, I know I have had enormous advantages in my life — including the biggest one: my parents could pay for my education (I did use student loans for law school at Georgetown but back then it meant [more...]

Date: 2009-01-14 15:46:21

How about Going to Graduate School Overseas?

Frankly, I believe U.S. is the best place for education, ... vagabonding, is worth the $10,000 of student loans I am evading by living in Oaxaca, Mexico ... , new language, oaxaca mexico, pore, solid foundation, student loans, Travel Info, undergraduate degree [more...]

Date: 2009-01-15 22:19:43

NASFAA's Misplaced Priorities

The National Association of Student Financial Aid Administrators (NASFAA) ... of the student loan industry. This time, the group's focus is on ensuring that lenders and colleges ... Family Education Loan (FFEL) program, Day urged Paulson and Spellings to take "similar effective [more...]

Date: 2008-11-20 19:20:10

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

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

Undermining a New Effort to Promote Public Service

Is the U.S. Department of Education deliberately trying to undermine a new program created by Congress to encourage students to pursue careers in ... by consolidating their debt into Direct Lending. The program is a reaction to reports that student ... government will forgive the remaining debt of Direct Student Loan borrowers if they make 120 [more...]

Date: 2008-07-23 18:43:00

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

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 ... t come from legal proceedings, wage garnishment ... the right course you can even regain your eligibility for financial aid, improve your credit rating and even [more...]

Date: 2008-12-26 10:06:43

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

Damn “loan sharks”

In Forbes newest issue:  “The Great College Hoax:  Higher education can be a financial disaster.  Especially with return on degrees down and student loan sharks on the prowl.”  [more...]

Date: 2009-01-15 19:54:01

Another Reason to Skip College

Another Reason to Skip College Posted by Karen DeCoster at 08:59 AM This article claims that student loan defaults are still under 10%, ... allowing them to seize income-tax refunds, withhold professional licenses and enlist collection agencies to gather payments. Meanwhile, the U.S. Department of Education withheld eligibility [more...]

Date: 2008-11-25 14:59:40

No More Book Learning For You Hobos

Since it’s the Depression and all, get ready for skyrocketing educational costs! ... school, so that you can send literally two-thirds of your take-home pay to your student loan [more...]

Date: 2008-12-03 20:04:19

A Fox Guarding The Hen House

Paul Basken's article in today's Chronicle of Higher Education does a great job of laying out the conflicts of interest and perverse incentives in ... debt collection practices resulting in ballooning debt for some students. At the heart of the issue ... agencies are supposed to be independent entities that oversee the collection activities of loan [more...]

Date: 2008-10-23 15:50:13

Naughty and Nice

It's undeniably been a busy year for higher education with financial crises, continued student loan controversies, ... , Pennsylvania, and others are all looking to slash spending on higher education. Student Loan Panic ... followers of the student loan market this year. When credit and asset-backed securities markets froze [more...]

Date: 2008-12-18 22:20:06

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

Online Student Loan Consolidation Methods

By Adam Boulton It is commonplace for students to avail of students loan, considering the increasing expenditure incurred on education ... into one to at least reduce the tension and burden. consolidation debt loan unsecured When so many ... . Generally, students utilize more than one loan programs and eventually end up with paying many [more...]

Date: 2009-01-14 15:30:12

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

You’ll Receive The Title In About 10 Days

I’ve spent so much time and energy sending off money to our debts over the past year and a half, I kind of lost sight of the fact that sometimes, ... my spouse’s student loan last month, which was for his education, but the education is long completed ... months to my spouse’s student loan, but somehow physically writing this on the check made [more...]

Date: 2008-11-18 11:14:15

32 Results