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Student named for a river had to flee one in Iowa City (The Des Moines Register)
Posted: July 16th, 2008, 4:21am CDT
Iowa City, Ia. - University of Iowa graduate student Sharavathi Guddehalli Parameswarappa is named after the Sharavathi River that flows west in the Karnataka state of India, where Sharavathi - Sharu for short - was born. -
House: Congress procrastinates with temporary interest rate reduction (The Daily Utah Chronicle)
Posted: July 15th, 2008, 11:07pm CDT
Congress' latest attempt to lower interest rates on student loans will provide little relief for most students, and the minor cut is only temporary. As a result of the College Cost Reduction and Access Act that the Democratic Congress passed in 2007, interest rates on government-subsidized loans were reduced this year from 6. -
Student loan firm sued over end to 'repayment bonus' program (Minneapolis-St. Paul Star Tribune)
Posted: July 15th, 2008, 10:46pm CDT
A class-action lawsuit has been filed against St. Paul-based student lender Northstar Higher Education for allegedly breaking its contract with student borrowers. -
Inheriting A Reverse Mortgage And Other Quandaries (NPR)
Posted: July 15th, 2008, 1:39pm CDT
Our personal finance contributor discusses how to resolve the reverse mortgage of someone who has died, whether to buy a home while living off student loans and how to prioritize debt. -
Student debt in N.H. 2nd in nation (Portsmouth Herald)
Posted: July 15th, 2008, 5:19am CDT
CONCORD — New Hampshire student loan borrowers have the second highest debt burden in the country. Eighty-two percent of the 1,500 borrowers surveyed said that without student loans, attending college would not have been possible, according to... -
MRU Holdings Announces Closing of $140 Million Private Student Loan Securitization Transaction (PR Newswire via Yahoo! Finance)
Posted: July 14th, 2008, 8:07am CDT
MRU Holdings, Inc. , a specialty finance company that provides private student loans through its consumer brand MyRichUncle® and its relationships with private label partners, today announced that on July 10th it closed its previously announced issuance of $140 million of asset-backed securities, backed by its private student loan portfolio. -
Post-July 1, Borrowers Consolidate Student Loans at Rates as Low as 3.62% (Marketwire via Yahoo! Finance)
Posted: July 14th, 2008, 8:05am CDT
Borrowers will now be able to consolidate their variable-rate federal student loans at significantly lower fixed interest rates, thanks to the Fed's flurry of rate cuts over the last year. -
Harsh lesson in student lending (Chicago Tribune)
Posted: July 14th, 2008, 8:03am CDT
Five months after the collapse of the $330 billion auction-rate securities market, bonds backed by student loans show no signs of recovering. And that means no new house for Martin Doolan. -
Student loan applications can be completed online (The Guardian)
Posted: July 13th, 2008, 10:18pm CDT
P.E.I. post-secondary education students can now apply for their student loans online, says Richard Brown, minister of Innovation and Advanced Learning. -
Big banks moving away from student loans for those at community colleges (New York Daily News)
Posted: July 12th, 2008, 4:08pm CDT
Community college students are getting shut out when it comes to student loans, as big banks increasingly opt to finance studies only at four-year schools.