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 (13) | Videos (11)
 

Rule of Thumb For Reasonable Housing Costs?

In an earlier post on motivating myself to work harder, I had thrown out a piece of “common” financial advice: ... from a mortgage calculator. The “other debt” is the sum of your other recurring monthly liabilities - car loans, credit card balances, student loan payments. There are usually two lender ratios [more...]

Date: 2008-09-10 13:58:59

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

Bail-out to cost $1 trillion

$1 trillion. But you'll be glad to know that the Democrats are trying to waste even more of your money on yet another "stimulus package" ( ... paying it to our student loan lenders for 15 to 30 years). But my friends with million dollar homes [more...]

Date: 2008-09-19 16:23:58

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

Monetizing Your Website With Google Adsense Is Easier Than You Think

This site is specifically created for those who don’t want to waste time searching for ‘the best solution’ to earn money online ... Debt Consolidation Endowment Purchase Online Student Loan Consolidation Pop Up Displays California ... Mortgage Refinance Rates Accident Helpline Lenders Tree Acorn Stair Lifts Ambulance Billing Secure [more...]

Date: 2009-01-02 00:57:08

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 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

Understanding Credit Information And How It Governs Our Everyday Life

When you ask for a student loan, try to get financing for a car or apply for a mortgage, the lender will look at your credit information ... slip into collection or made a settlement offer on a past credit card. By assessing this financial [more...]

Date: 2008-10-28 09:07:06

Get Your Bailout With Two Easy Pages

So just how tough is it for a bank to apply for a bailout? Not very: WASHINGTON - Ever need a college loan? ... the five-page Uniform Residential Loan Application. But what if you’re a bank looking for a few ... bailout plan in need of more accountability and oversight. "When student lenders and mortgage [more...]

Date: 2008-12-16 07:24:55

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

Everything You Need To Know About Student Loans

This entry is part 1 of 1 in the series Student Loans Ten years ago I received a piece of Bazooka Bubble Gum in the mail with a note from my student loan lender requesting payment saying “don’t blow it!” At the time I was extremely annoyed ... others through the student loan maze. Things To Consider When Taking Out A Student Loan Financial [more...]

Date: 2008-11-17 21:14:37

Get Ready to Consolidate Your Student Loans

If you have variable rate student loans, mark July 1, 2008 on your calendar ... . Since many lenders no longer perform student loan consolidation, you may be better off starting ... , and I’ll be happy to pay it off. Earlier this month I sent $750 to student loan repayment [more...]

Date: 2008-06-23 21:00:52

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