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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.