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Senate Passes Student Loans Bill (CBS News)
Posted: April 30th, 2008, 3:15pm CDT
The Senate Wednesday passed by unanimous consent legislation to bolster student loans against trouble in the credit markets. The bill, the Ensuring Continued Access to Student Loans Act, was sponsored by Sen. Edward Kennedy (D-Mass.), and is a companion to the House bill that passed on April 17. President Bush urged Congress to pass the measure over the weekend, suggesting that his signature ... -
Consolidating student loans at a lower rate gets tougher (USA Today)
Posted: April 28th, 2008, 8:35pm CDT
In late 2005, though, Congress set a fixed rate of 6.8% for Stafford loans, the most popular kind of federal student loans. If you have federal loans issued after July 1, 2006, consolidating will no longer affect the interest you pay. -
Province writes off millions in student loans (News 95.7)
Posted: April 28th, 2008, 4:21am CDT
400 student loans amounting to over 2.1 million dollars have recently been written off by the Nova Scotia government. -
Credit crunch limits student loan choices (Student Life)
Posted: April 28th, 2008, 4:18am CDT
Bank of America Corp. stopped offering private student loans on April 17, reducing the range of loan options available to students. -
Federal help needed for student loans (The Heights)
Posted: April 28th, 2008, 2:22am CDT
As Boston College tuition continues to spiral upward at a steady 6 percent pace, students have relied increasingly on large financial aid programs, which often include federal student loans. These low-rate loans have been a godsend for families trying to make a BC education an affordable investment. The recent credit crunch, however, has called into question whether these means will continue to ... -
Bush prods Congress on student loan bill (The Politico)
Posted: April 27th, 2008, 9:12am CDT
President Bush said Saturday that the credit crunch is threatening the availability of student loans. -
The Color of Money: Big loans for college have big downsides (The Columbus Dispatch)
Posted: April 27th, 2008, 4:44am CDT
There's been quite a bit of news lately about how, as the credit crisis continues, it may be more difficult for some families to get student loans. -
MICHELLE SINGLETARY Student loans present tough decisions (The Tuscaloosa News)
Posted: April 27th, 2008, 3:31am CDT
WASHINGTONThere's been quite a bit of news lately about how, as the credit crisis continues, it may be more difficult for some families to get student loans. -
Student loans in a pinch (Denver Post)
Posted: April 27th, 2008, 2:59am CDT
President Bush said Saturday that the credit crunch is threatening the availability of student loans. He said his administration is doing what it can to help with emergency loans but prodded Congress for authority to do more. -
Bush: Credit crisis puts student loans at risk (The Washington Times)
Posted: April 27th, 2008, 12:00am CDT
President Bush said yesterday that the credit crunch is threatening student loan availability and his administration is... -
Bush: Poor Economy Results In Fewer Student Loans (CBS4 Miami)
Posted: April 26th, 2008, 6:21pm CDT
President Bush delivered news many South Florida college bound student didn't want to hear in his Saturday radio address. He said the economy is slowing down and the credit crunch is threatening the availability of student loans. -
Bush Urges Congress To Allow More Student Loans (KDKA Pittsburgh)
Posted: April 26th, 2008, 3:09pm CDT
President Bush said Saturday that the credit crunch is threatening the availability of student loans and his administration is doing what it can to help with emergency loans. But he prodded Congress for authority to do more. -
Bush Remarks on Student Loans (Washington Post)
Posted: April 26th, 2008, 2:45pm CDT
PRESIDENT GEORGE W. BUSH: Good morning. As we approach graduation season, many American students are looking forward to beginning college in the fall. This new chapter of life is a time of great expectation but can also be a time of anxiety. And that anxiety is being heightened by the recent cre... -
Bush Urges Expanded Government Role in Buying Student Loans (Bloomberg.com)
Posted: April 26th, 2008, 10:23am CDT
April 26 (Bloomberg) -- President George W. Bush urged Congress to pass legislation that would give the federal government more authority to buy student loans from banks and other private companies, saying the credit crunch has put pressure on college students. -
Bush urges Congress on student loans (UPI)
Posted: April 26th, 2008, 9:12am CDT
U.S. President George W. Bush Saturday urged Congress to send him legislation he said would help students obtain college loans in a tightening credit market. -
Senators want student loan records (KTVQ Billings)
Posted: April 25th, 2008, 4:16pm CDT
Associated Press - April 25, 2008 7:14 PM ET HELENA, Mont. (AP) - U.S. Sens. Max Baucus and Jon Tester say the Montana group that handles student loans needs to open its books to inspection... -
Why student loan business turned bad (CNN Money)
Posted: April 25th, 2008, 10:31am CDT
For years, financial firms made good money making government-guaranteed loans to college students. -
Student Loans Get Loan (Southwest Times Record)
Posted: April 25th, 2008, 7:48am CDT
LITTLE ROCK — State fiscal officers agreed Thursday to stand in for skittish investors and loan the Arkansas Student Loan Authority $80 million, enabling it to continue lending to college students while similar institutions nationwide have suspended the practice. -
Bill regulating student loans headed to governor (Quad-City Times)
Posted: April 24th, 2008, 10:19pm CDT
STUDENT LOAN DEBT— A bill regulating student loans is heading to Gov. Chet Culver. The bill, passed unanimously Thursday by the Senate, requires additional disclosure of loan terms and gives new protections to borrowers. -
Loan agency needs help to cover student loans (KFSM Ft. Smith-Fayetteville)
Posted: April 24th, 2008, 6:11pm CDT
FAYETTEVILLE - With the national economy still dragging through a low point, the state is responding to one local student loan agency's cry for help with $80 million. -
House Approves Measure to Ensure Access to Student Loans (Scott County Virginia Star)
Posted: April 24th, 2008, 6:58am CDT
Rep. Rick Boucher Ninth District Last week, the U.S. House of Representatives approved legislation to ensure that turmoil in the U.S. financial markets does not prevent students and families from receiving the federal student loans they need to pay for college. -
Student Loan People suspends loans to first-time borrowers (College Heights Herald)
Posted: April 24th, 2008, 1:06am CDT
About 27,000 Kentucky college students counting on a loan from the state's student financial aid agency may have to find another lender. The Kentucky Higher Education Student Loan Corp., better known as The Student Loan People, announced Friday in a press release that it was suspending loans to first-time borrowers beginning May 1. -
Student loans on agenda at Westchester panel (The Journal News)
Posted: April 23rd, 2008, 11:33pm CDT
State Attorney General Andrew Cuomo and Westchester County Executive Andrew Spano held a public forum at the Westchester County Center last week to discuss the concerns and options of paying for college, particularly through the use of student loans. -
Mortgage, Credit Crunch Affect Student Loans (NBC 13 Birmingham)
Posted: April 23rd, 2008, 3:47pm CDT
The Bush Administration wants to protect the student loan program. It's all due to the credit card crunch and mortgage mess. The Secretary of Education is proposing a way to help lenders free up money for loans. -
House votes to keep student loans available (Fond du Lac Reporter)
Posted: April 23rd, 2008, 2:30am CDT
WASHINGTON Students could borrow more through the federal guaranteed college loan program, and private lenders could get federal help in raising cash to make student loans under House legislation passed last week. -
Crunch impacts student loans (Saint George Spectrum)
Posted: April 7th, 2008, 4:02am CDT
ST. GEORGE - As students and parents across the country wonder if the current credit market will affect student loan availability, officials with Utah's designated provider said students in the beehive state will be covered. -
Many options available to help pay student loans (Deseret Morning News)
Posted: April 6th, 2008, 12:23am CDT
If you borrowed money for college through federal programs and are struggling to repay the loans, the situation may not be as bleak as you think. Federal education loans come with exceptionally flexible terms that can help you climb out of a hole without affecting your credit score or access to future student loans. -
Credit crisis may soon affect student loans (Provo Daily Herald)
Posted: April 6th, 2008, 12:03am CDT
Officials may say the economic slump hasn't punched Utah yet, but the combination of the credit crunch and a new law could eventually impact college students in Utah County when it comes to student loans. -
Quick fix ready if student loans falter (El Paso Times)
Posted: April 5th, 2008, 8:15pm CDT
WASHINGTON—Education Secretary Margaret Spellings is seeking to ease worries that tight credit markets might make it hard for students to get college loans. -
Education secretary says quick fix ready for student loans (WMCTV Memphis)
Posted: April 5th, 2008, 10:42am CDT
Associated Press - April 5, 2008 4:33 AM ET WASHINGTON (AP) - There's concern that the credit crisis could make it harder for college students to get student loans. -
Education secretary says quick fix ready for student loans (WHBF-TV Quad Cities)
Posted: April 5th, 2008, 1:45am CDT
WASHINGTON (AP) - There's concern that the credit crisis could make it harder for college students to get student loans. Education Secretary Margaret Spellings is trying to ease that worry. -
Plan to finance student loans / If credit gets tight, Treasury will free up funds, official says (San Francisco Chronicle)
Posted: April 5th, 2008, 12:41am CDT
Education Secretary Margaret Spellings is seeking to ease worries that tight credit markets might make it hard for students to get college loans. Spellings said in an interview Friday that her department had reviewed the law and concluded that it has the... -
Quick fix ready if student loans falter (Lexington Herald-Leader)
Posted: April 4th, 2008, 7:10pm CDT
Education Secretary Margaret Spellings is seeking to ease worries that tight credit markets might make it hard for students to get college loans. Spellings said in an interview Friday that her department had reviewed the law and concluded that it has the authority to quickly free up money from the U.S. Treasury, if needed, to finance student loans. She said the money would be provided so that ... -
Quick Fix Ready if Student Loans Falter (WJLA-TV Washington D.C.)
Posted: April 4th, 2008, 6:13pm CDT
Education Secretary Margaret Spellings is seeking to ease worries that tight credit markets might make it hard for students to get college loans.Spellings said in an interview Friday that her department had reviewed the law and concluded that it has the authority to quickly free up money from the U.S. Treasury, if needed, to finance student loans. -
Conn. agency expects higher demand for student loans (Reuters via Yahoo! News)
Posted: April 4th, 2008, 2:52pm CDT
A Connecticut state-backed student loan agency anticipates a pick-up in student loan applications as private companies exit the market after losing access to funding, its executive director said on Friday. -
Student Lenders Stifled by Auction-Rate Bond Failures (Update1) (Bloomberg.com)
Posted: April 4th, 2008, 7:27am CDT
April 4 (Bloomberg) -- The collapse of the $330 billion auction-rate securities market has brought debt sales by U.S. public student-loan agencies to a halt. -
Many lenders leave student loan market (Student Life)
Posted: April 4th, 2008, 2:27am CDT
With college costs on the rise, finding ways to pay for secondary education has become harder with three major banks announcing they will not offer any new federally-subsidized student loans. -
[Opinion] Economic crisis affects student loans (The Minnesota Daily)
Posted: April 4th, 2008, 1:04am CDT
As the current local, state and federal credit and financial crush is taking no prisoners in each quarter of the U.S. economy, many are now wondering if its toll on students trying to obtain financial aid will leave some looking like Charlie Rose after ... -
Troubled CIT Group stops student loans (The Star-Ledger)
Posted: April 3rd, 2008, 10:48pm CDT
CIT Group has shuttered its student-lending division as part of a plan to simplify its business, the lender said yesterday. -
Regional Report / St. Paul lender stops issuing student loans, citing markets (Pioneer Press)
Posted: April 3rd, 2008, 10:21pm CDT
NorthStar Education Finance Inc., a St. Paul-based student loan provider, said it has suspended new lending. The government-backed nonprofit will "temporarily suspend" processing of Stafford, PLUS and Grad PLUS loan applications that haven't been approved as of April 1, NorthStar said on its Web site. -
Costs prompt NorthStar to cut student loans (Minneapolis-St. Paul Star Tribune)
Posted: April 3rd, 2008, 6:18pm CDT
St. Paul-based NorthStar Education Finance Inc. and CIT Group Inc. will stop making new loans to U.S. students after lending costs soared, reflecting the global slump in credit markets. -
College Students' Reliance on Federal Student Loans up Across the Board (Marketwire via Yahoo! Finance)
Posted: April 3rd, 2008, 11:04am CDT
Undergraduate students are increasingly turning to federal student loans to meet their college expenses, according to a new report from the National Center for Educational Statistics that looks at trends in student loan volume over a 15-year period. -
CIT to issue student loans no more (Pravda Ru)
Posted: April 3rd, 2008, 7:43am CDT
CIT Group Inc said on Thursday it is no longer making student loans, as the struggling finance company moves out of consumer lending and focuses on commercial finance instead. -
Bills add oversight of student loan firm (The Des Moines Register)
Posted: April 3rd, 2008, 2:13am CDT
Legislation would require Iowa Student Loan to make more reports and subject it to state open records laws. -
Student Loans in Jeopardy? (FOX 6 News San Diego)
Posted: April 3rd, 2008, 1:08am CDT
The college acceptance letters are coming in and for many families, the search now begins for student loans. But, securing that loan may be more difficult now than in years... -
Video: Student Loan Setbacks (FOX 6 News San Diego)
Posted: April 3rd, 2008, 12:23am CDT
The college acceptance letters are coming in and for many families, the search now begins for student loans. But, securing that loan may be more difficult now than in years past. Sharon Chen explains. 4/2/08 -
NorthStar Education to suspend FFEL lending: report (Reuters via Yahoo! News)
Posted: April 2nd, 2008, 11:48pm CDT
NorthStar Education Finance Inc, a government-backed lender of student loans, said it will suspend such lending immediately amid the broader credit crunch, the Wall Street Journal said on its Web site on Thursday. -
Student loan rates 'could soar' (Daily Telegraph)
Posted: April 2nd, 2008, 4:40pm CDT
Students could face a substantial rise in university tuition fees and the cost of the loans they take out to cover the charges, research suggested. -
10 Tips: Grappling with debt? Here’s help (MSNBC)
Posted: April 2nd, 2008, 1:13pm CDT
Are you reeling from the weight of credit-card bills, student loans or other debt? The following tips can help you decide how to tackle your debt once and for all. -
MT senators call for action on student loans (KPAX Missoula)
Posted: April 2nd, 2008, 11:57am CDT
Montana senators Max Baucus and Jon Tester are joining some of their colleagues in urging the Bush Administration to better protect student loans. -
How to shop for student loans (CNN Money)
Posted: April 2nd, 2008, 3:04am CDT
As college acceptance letters arrive this month, families will be celebrating the good news (we hope!), then bracing for the grueling process of figuring out how to pay for four years' tuition. -
'Debt young people's biggest fear' (Channel 4)
Posted: April 1st, 2008, 5:13pm CDT
Debt is the biggest fear of young people in Britain, according to a survey. Nearly half (48%) said it was one of their biggest concerns for the future, reflecting the growing significance of tuition fees and student loans in the lives of young people. -
Mara to spend up to RM1bil on overseas study loans (The Star)
Posted: April 1st, 2008, 4:42pm CDT
KUCHING: Mara will give out between RM400,000 to RM1bil in loans this year for SPM high achievers to pursue their studies abroad. -
Credit crunch affects colleges (The Beaver County Times)
Posted: April 1st, 2008, 7:53am CDT
“When you have the largest student lending agency in the state of Pennsylvania saying they’re not going to do student loans this year, that’s a big issue.” -
R.I. to pick up ‘default fee’ on some student loans (Providence Business News)
Posted: April 1st, 2008, 6:10am CDT
WARWICK – The R.I. Higher Education Assistance Authority announced today that it will pay the Federal Default Fee on Stafford, Plus and Grad Plus student loans guaranteed and disbursed on or after July 1 of this year in cases where the lender does not pay the fee. -
Hundreds Of AMA Medical Students And Residents Lobby Congress On Medical Student Debt, Uninsured And Medicare (Medical News Today)
Posted: April 1st, 2008, 3:17am CDT
Nearly 300 medical student, resident and fellow members of the American Medical Association (AMA) from across the nation are storming Capitol Hill urging Congress to protect access to care for America's patients. -
College student faces trial in teen's death (Montgomery Advertiser)
Posted: April 1st, 2008, 2:07am CDT
A Montgomery County jury will decide if a 19-year-old college student from California is responsible for the death of a teenager.