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

Blog posts (9) | Videos (33)
 

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

TARP goes TALF as FRBNY lends against AAA ABS

For all those people out there who want to know why they're not seeing more of this government bailout money directed at ordinary folk, boy do I have an acronym for you. Meet TALF, the Term Asset Backed Securities Loan Facility ... gin up lending for things like auto loans, student loans and credit cards, essentially disappeared [more...]

Date: 2008-11-25 16:23:55

Sallie Mae Seeks Competitive Bidding

By Jason Delisle and Stephen Burd The Wall Street Journal reported yesterday that Sallie Mae is in a contract dispute with the U.S ... approach saves money for taxpayers. Too bad the student loan giant has rejected this same argument ... decision to put its current Direct Loan servicer, Affiliated Computer Services Inc., in charge [more...]

Date: 2008-09-18 22:02:27

Acquisitions Continue: Citi Buys Wachovia

October 3 update: Wells Fargo has stepped in and placed a better offer for Wachovia. Wachovia is my main brick-and-mortar bank ... against your stock gains for tax purposes. Wachovia mortgages and student loans will become Citi’s assets ... : ...Wachovia to Start Charging for Direct Access to Quicken: ...Wachovia Reaches for More Auto Loan [more...]

Date: 2008-10-01 12:00:26

Part II: Live-Blogging the Jeff Merkley v. Gordon Smith Debate in Oregon.

Economic question directed at Gordon Smith: He recounts some emotional drivel about how "what we need to do, ... ; those who care about their 401ks, their car loan, their student loan; we have to unfreeze the market [more...]

Date: 2008-10-10 06:00:19

FNBO Direct Savings Account Opening and Review

While I’m generally happy with my ING Direct account for a good portion of my savings, ... for my student loan from a list of several ranges. As I’ve been paying more than my installment amount [more...]

Date: 2008-09-26 12:30:40

Crist to lawmakers: Cut less, borrow more

Gov. Charlie Crist carefully avoids direct criticism of the Legislature ... that I have is that we make these reductions without hurting the end user: the student. So we're watching closely," said ... of economic development experts to a "Tallahassee Tuesday" discussion of a new $10-million loan program [more...]

Date: 2009-01-06 16:06:09

Crist to lawmakers: Cut less, borrow more

Gov. Charlie Crist carefully avoids direct criticism of the Legislature ... that I have is that we make these reductions without hurting the end user: the student. So we're watching closely," said ... of economic development experts to a "Tallahassee Tuesday" discussion of a new $10-million loan program [more...]

Date: 2009-01-06 15:56:15

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