-
Posted: May 4th, 2008, 9:37pm CDT
The story of CIT illustrates the perils awaiting any firm that jumps into seemingly lucrative new arenas at the expense of focusing on markets that it knows and understands best.
-
Posted: May 4th, 2008, 3:45am CDT
Officials with Montana Higher Education Student Assistance Corp. have taken several steps to protect the provider and servicer of student loans from financial trouble in the wake of problems in the market for its auction rate bonds, but being able to unload those bonds would help more, the president of the Student Assistance Foundation said this week.
-
Posted: May 3rd, 2008, 10:58am CDT
-
Posted: May 2nd, 2008, 9:03am CDT
The Missouri House and Senate have both approved a plan to allow the state’s student loan agency to originate federally guaranteed Stafford loans, which supporters hope will rejuvenate the agency’s profits.
-
Posted: May 2nd, 2008, 7:08am CDT
The student loan industry is in turmoil. Since Jan. 1, more than 60 lenders, or 14% of the market, have announced plans to stop making loans backed by the Federal government. Lenders are also making it harder for families to qualify for private loans, which lack government backing and often bridge the gap between financial aid and the cost of college. With peak season for student loan borrowing ...
-
Posted: May 1st, 2008, 5:33pm CDT
29/04/2008 13:00:00 Business Wire SimpleTuition, Inc., a company dedicated to helping students and parents make sense of education financing choices, today announced an agreement with Discover Financial Services (NYSE: DFS) to include its full line of student loan products - Discover Student Loans - among SimpleTuition s online offerings.
-
Posted: May 1st, 2008, 3:28pm CDT
While more than 40 percent of all undergraduate students attend a community college, 25 percent of all community colleges in the United States do not offer the federal student loans that could help those undergraduates pay for their college costs, according to a new report by the Project on Student Debt.
-
Posted: May 1st, 2008, 10:53am CDT
Those of you looking to receive a student loan might have noticed it is getting a little harder these days.
-
Posted: April 29th, 2008, 1:19pm CDT
SimpleTuition, Inc., a company dedicated to helping students and parents make sense of education financing choices, today announced an agreement with Discover Financial Services (NYSE: DFS) to include its full line of student loan products - Discover Student Loans - among SimpleTuition's online offerings. Discover Student Loans include federal Stafford, federal PLUS, and private loans that cover ...
-
Posted: April 29th, 2008, 8:13am CDT
SimpleTuition, Inc., a company dedicated to helping students and parents make sense of education financing choices, today announced an agreement with Discover Financial Services (NYSE: DFS) to include its full line of student loan products - Discover Student Loans - among SimpleTuition's online offerings. Discover Student Loans include federal Stafford, federal PLUS, and private loans that ...
-
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.
-
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.
-
Posted: April 27th, 2008, 2:25am CDT
College students usually don't have much of a financial track record, so to obtain a private loan for school, they frequently need a co-signer. And with lenders taking a harder look at borrowers during this credit crunch, the need for co-signers will only grow.
-
Posted: April 27th, 2008, 12:48am CDT
HELENA - U.S. Sens. Max Baucus and Jon Tester, D-Mont., Friday called on leaders of two financially struggling Montana student loan entities to answer a number of questions about their investments and operations.
-
Posted: April 26th, 2008, 2:06am CDT
HELENA - U.S. Sens. Max Baucus and Jon Tester, D-Mont., on Friday called on leaders of two financially struggling Montana student loan entities to answer questions about their investments and operations.
-
Posted: April 26th, 2008, 12:49am CDT
HELENA - Rep. Dan Villa, D-Anaconda, said Thursday he will sponsor a bill in 2009 to require issuers and administrators of student loan bonds to be subject to the state's open meetings law and legislative audits.
-
Posted: April 26th, 2008, 12:47am CDT
HELENA - With the national student loan industry in financial turmoil, the Helena-based Student Assistance Foundation on Thursday issued layoff notices to 23 employees as part of a more aggressive cost reduction this week.
-
Posted: April 25th, 2008, 9:34pm CDT
Fitch Confirms Alaska Student Loan Corp. 2002 Master Indenture 23/04/2008 19:55:00 Business Wire US74838J1016 Fitch Ratings has confirmed the following ratings for Alaska Student Loan Corporation (ASLC) 2002 Master Indenture: --$21,100,000 education loan revenue bonds, senior series 2002A, AAA ; --$15,000,000 education loan revenue bonds, subordinate series 2002B, A ; --$16,500,000 education ...
-
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...
-
Posted: April 25th, 2008, 2:27pm CDT
Fitch Ratings has confirmed the following ratings for SLM Student Loan Trust 2005-7:
-
Posted: April 25th, 2008, 2:19pm CDT
Fitch Ratings has confirmed the following ratings for SLM Student Loan Trust 2005-7: --$251,463,010.61
-
Posted: April 25th, 2008, 10:31am CDT
For years, financial firms made good money making government-guaranteed loans to college students.
-
Posted: April 25th, 2008, 8:13am CDT
Fitch Ratings has upgraded the following ratings for ALL Student Loan Corporation (ALLSLC) series II Trust:
-
Posted: April 24th, 2008, 11:53pm CDT
Rep. Dan Villa, D-Anaconda, said Thursday he will sponsor a bill in 2009 to require issuers and administrators of student loan bonds to be subject to the state's open meetings law and legislative audits.
-
Posted: April 24th, 2008, 11:41pm CDT
HELENA - With the national student loan industry in financial turmoil, the Helena-based Student Assistance Foundation on Thursday issued layoff notices to 23 employees as part of a more aggressive cost-reduction this week.
-
Posted: April 24th, 2008, 9:13pm CDT
By next year, only 15 private student loan lenders might be left standing after the on-going credit crunch meltdown.
-
Posted: April 24th, 2008, 1:21pm CDT
HELENA - The Student Assistance Foundation on Friday announced it was laying off 23 employees as part of a more aggressive cost reduction strategy as the national student loan industry is in financial turmoil.
-
Posted: April 24th, 2008, 10:05am CDT
HELENA - Another cost-cutting step will affect Montana students borrowing money to attend college. The board of directors of the Montana Higher Education Student Assistance Corp. has voted to suspend its federal student loan consolidation program. ...
-
Posted: April 23rd, 2008, 11:15pm CDT
HELENA — In another major cost-cutting step this month that will affect students borrowing money to attend college, the Montana Higher Education Student Assistance Corp.’s board of directors voted Wednesday to suspend its federal student loan consolidation program.
-
Posted: April 7th, 2008, 10:05am CDT
Liz Dolan reassures readers about savings in an Icelandic Bank and steps in when Vodafone gets its lines crossed.
-
Posted: April 7th, 2008, 8:23am CDT
ThinkGOS and Everex have found a new gimmick for selling Linux desktops -- a tie-in with MySpace. The MyMiniPC runs a version of GOS Linux and is priced at $499. It's "optimized" with a host of MySpace applications, and brags they're delivered just weeks after the MySpace...
-
Posted: April 7th, 2008, 6:03am CDT
A map of Massachusetts does look like a snub-nosed revolver pointed at the rest of the nation. (You can buy a flash version of this map for just $14.95 from Maps4.com.) In the case of health care reform that's an apt metaphor. Fact is...
-
Posted: April 7th, 2008, 5:53am CDT
A few weeks ago my blogging colleague Ed Bott posted his top 10 list of favorite Windows applications. This was an excellent list and it contained several applications that are firm favorites of mine, specifically SnagIt, Keyfinder and Process Explorer. These applications make my daily work a lot easier. Ed...
-
Posted: April 6th, 2008, 9:28am CDT
How long can the goose continue to lay golden eggs?
-
Posted: April 6th, 2008, 7:34am CDT
(ARA) - Everywhere you look you see news about the "credit crunch" and the mortgage foreclosure crisis and, if you're like most Americans, you're feeling the pinch too.
-
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.
-
Posted: April 4th, 2008, 6:45am CDT
If you thought the Hubble Deep Field galaxy photo was the most incredible thing you've ever seen, wait until you lay eyes on the most sensitive infrared map of the distant Universe ever taken. Over the last three years, UK astronomers have compiled data from the United Kingdom Infrared Telescope (UKIRT) in Hawaii and [...]
-
Posted: April 4th, 2008, 6:45am CDT
According to new research, a galaxy with a quasar in the middle is not a good place to grow up. As active galactic nuclei (AGN) evolve, they pass through a "quasar phase", where the accretion disk surrounding the central black hole blasts intense radiation into space. The quasar far outshines the entire host galaxy. After [...]
-
Posted: April 3rd, 2008, 8:15pm CDT
NASA is facing some serious problems, and whether these problems are perception or truth remains to be seen. A government report presented at a congressional hearing on April 3 says NASA’s Constellation Program faces severe problems and the new spacecraft might never work as intended. The Government Accountability Office, (they call themselves the [...]
-
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.
-
Posted: April 3rd, 2008, 7:15am CDT
67 WALL STREET, New York - April 3, 2008 - The Wall Street Transcript has just published its Specialty Finance issue, a report offering a timely review of the sector to serious investors and industry executives. This 20-page feature contains industry commentary through in depth interviews with CEOs from 2 firms and 2 analysts. The full issue is available by calling (212) 952-7433 or via ...
-
Posted: April 3rd, 2008, 1:26am CDT
(ARA) - Everywhere you look you see news about the "credit crunch" and the mortgage foreclosure crisis and, if you're like most Americans, you're feeling the pinch too.
-
Posted: April 2nd, 2008, 8:45am CDT
How will you pay for college in 2008 with so much uncertainty in the economy and the student lending industry? A panel of six financial aid experts will answer that question and many more in a live Web Round Table on April 9, 2008 at 12 PM ET, hosted by the Student Loan Network.
-
Posted: March 31st, 2008, 10:59pm CDT
With increasing tuition costs, student loans and credit cards, some college and university students are finding themselves deep in debt.
-
Posted: March 31st, 2008, 12:23pm CDT
Missouri's student loan authority is delaying part of a payment toward the state's college construction projects as it continues to grapple with financial losses and the tight credit market.
-
Posted: March 31st, 2008, 4:35am CDT
Dear College Money Guru, My daughter and son-in-law are considering taking out a home equity loan to pay off his student loans. They think the interest rate will be lower. Is this a good idea, or should they try to work with the student loan people to consolidate as best they can?
-
Posted: March 31st, 2008, 3:00am CDT
A home equity loan typically offers better terms than a student loan, says the College Money Guru.
-
Posted: March 29th, 2008, 11:56am CDT
QDo you have any tips on finding low-interest student loan consolidation? My wife graduated from grad school last August and student loan payments are headed this way, so we want to plan ahead.
-
Posted: March 28th, 2008, 11:14pm CDT
With increasing tuition costs, student loans and credit cards, some college and university students are finding themselves deep in debt.
-
Posted: March 28th, 2008, 6:43am CDT
JEFFERSON CITY, Mo. (AP) — Financial losses have led Missouri’s student loan authority to consider whether it should delay a scheduled payment toward the state’s college construction program.