Huffington Post Reader Question Dear Steve, I'm a first generation college student, and attended Hartwick College for 1.5 years until transferring and finishing college at SUNY Oneonta. I owe near 80k from my college years. I had two private student loans that were held thru CitiBank for a total of near 20k. Show More Summary
While many banks offer student loans, much of the servicing of that $1 trillion in loans is actually done by non-bank, third-party companies, some of which have been criticized for being difficult to deal with and having byzantine repayment rules. Show More Summary
The federal Consumer Federal Protection Bureau will soon have more authority to address student loan complaints
Claymore returns from his holiday with The Wrath of DU Tuesday; Student loan bailout eminent Paging Joe Biden Focus? Bofus? Droning on and on and on…etc. “If you don’t say the far right is more violent, we’ll kick your ass.” Militarization of police…someone on DU actually has a good point on this one. Operation Mickey […]
WASHINGTON (AP) — The federal consumer finance watchdog is expanding its oversight to Sallie Mae and other companies that collect student loan payments.
The Consumer Financial Protection Bureau issued a rule giving it authority to supervise practices at big nonbank companies like Sallie Mae.
WASHINGTON (Reuters) - The U.S. consumer financial watchdog will soon start supervising the seven largest student loan servicers to ensure they treat borrowers fairly and comply with federal consumer laws, the agency said on Tuesday...
Huffington Post Reader Question Dear Steve, I am at the very end of the grace period since I graduated, and will owe a total of $47,000 in student loans (all are government ED loans both Direct and Stafford unsubsidized and subsidized). The Direct loans are being serviced by Great Lakes, and until I call them I don't know what the payment(s). Show More Summary
Despite crushing student loans and a miserable job market, this Millennial Generation is the most socially conscious, most globally aware and most actively committed to careers of conscience to come along in decades. College students...Show More Summary
Huffington Post Reader Question Dear Steve, I took out a student loan in 1990 at LSU-S in shreveport, LA in order for me to finish my degree. I had left an abusive husband and had been a stay at home mom. I needed that amount for living...Show More Summary
As the student loan industry mobilizes to battle the Obama administration over the President's plan to eliminate the Federal Family Education Loan (FFEL) program, we are starting to hear a lot from lenders about the superior customer service that the bank-based program allegedly provides. Show More Summary
Yesterday at Higher Ed Watch, we wrote about how KeyBank has partnered with dozens of unlicensed and unaccredited trade schools to provide expensive private loans to the high-risk students these institutions tend to attract. Many ofShow More Summary
By Deanne Loonin We don't know yet whether private student loans will be among the "troubled assets" purchased by the federal government as part of the massive bailout plan that Congress approved this month. Regardless of what happens...Show More Summary
Huffington Post Reader Question Dear Steve, Graduated in 2012 with a Bachelors degree in Fine Arts (sculpture). Have about $70k in private loan debt. Went into forbearance, still did not find an alternative in that time. Have lookedShow More Summary
[This is the third in a Higher Ed Watch series "Revisiting the 9.5 Student Loan Scandal." The series takes a closer look at the origins of the scandal with the purpose of trying to resolve unanswered questions and dispel lingering myths surrounding it. Show More Summary
[This is the second in a Higher Ed Watch series "Revisiting the 9.5 Student Loan Scandal." The series takes a closer look at the origins of the scandal with the purpose of trying to resolve unanswered questions and dispel lingering myths surrounding it. Show More Summary
If you haven't heard yet, Treasury Secretary Henry Paulson quietly inserted a provision in his $700-billion bailout plan designed to come to the rescue of struggling student loan providers. While virtually no details of the plan areShow More Summary
Congress Approves One-Year Extension of Student Loan Bail Out Bill Ed Department Projects Pell Grant Shortfall of $6 BillionPanel Presents Plan for Overhauling Federal Student Aid ProgramsStudent Loan Defaults are on the Rise Congress...Show More Summary
Yesterday, the U.S. House of Representatives pushed through a bill that would extend a previous effort to bail out student loan providers. Before the Senate acts on this legislation, Higher Ed Watch urges lawmakers to view this as an...Show More Summary
McCain Doesn't Have Higher Ed Plan Yet, Key Adviser Says New York Plans for State Student Loan Program OMB Ignores Dept. of Ed Request for Speedy Action on Study Request McCain Doesn't Have Higher Ed Plan Yet, Key Adviser Says With...Show More Summary