The proposal to end subsidy payments made to banks currently active in student loan market was first floated in last year’s budget request. At the time, the news roiled markets, with the stocks of companies like SLM Corp. (SLM: 10.83, 0, 0%), better known as Sallie Mae, falling sharply as a result.
Posts Tagged ‘school’
Obama Student Loans – Virginia Governor Urges Obama To Rethink Student Loan Changes
In his budget last year, Obama proposed ending private industry involvement in originating in student loans, establishing the federal government as the sole provider of student loans in the country.
Student Loans – How Much in Student Loans is Too Much?
Question about how much in student loans is too much :
I will be graduating with 35,000 in loans, unsubsidized, the interest capitalized. The interest rate is 10%. My payments are 250 a month. Is this bad, would 40,000 in loans be bad.
Student Loans – An Advance on the Future
About 58 percent of Washington’s college graduates in 2008 took out loans, averaging $19,000. That is the 35th highest debt rate in the nation for public schools and 27th for private colleges.
Student Loans – Pair quit after student loans shambles
Student Loans – Pair quit after student loans shambles
TWO top officials at the Student Loans Company quit today after a damning report into this autumn’s loan and grants delays, it was announced today.
Both Wallace Gray, the Student Loans Company’s (SLC) ICT director, and Martin Herbert, marketing and customer services director, have resigned, the firm said [...]
Student Loans – Leniency available on student loans
Student Loans – Leniency available on student loans
Federal student loan default rates are on the rise, but there’s no need even in this weak economy for you to fall into arrears on your loans.
Student Loans – Study tracks student loan defaults at for-profit schools
Student Loans – Study tracks student loan defaults at for-profit schools
More than one in five borrowers of federal student loans who attend for-profit colleges default within three years of repayment, new figures made available by the U.S. Department of Education on Monday show.
Historically, the government has reported such figures in terms of how many students [...]
Student Loans – Head of Student Loans Company under pressure to resign
Student Loans – Head of Student Loans Company under pressure to resign
The head of the Student Loans Company is under intense pressure to resign today following a damning report which concludes there was a “conspicuous failure” to deliver this year’s grants on time.
An independent inquiry into this year’s fiasco, which saw tens of thousands of [...]
Student Loans – Next year’s student loans delayed
Student Loans – Next year’s student loans delayed
The start of the applications process for next year’s student loans for England is being delayed – following this year’s widespread problems.
The launch of the loans and grants service for students starting in September 2010 should have been at the beginning of this week.
Student Loans – What is a good loan consolidation program for Federal and Private student loans?
Student Loans – What is a good loan consolidation program for Federal and Private student loans?
Question about what is a good loan consolidation program for Federal and Private student loans :
I am looking for a good student loan consolidation program that will take on both my Federal and Private student loans from Sallie Mae. If [...]
