College Loans Consolidation

Posts Tagged ‘Student’

NY AG Cuomo strikes student credit-card reform agreement
The State University of New York has adopted new practices to help prevent students from falling victim to deceptive credit card marketing that can burden them with too much debt in tough economic times.

Read more on Reuters via Yahoo! News

Government should front up on student loans
The Government should front up to the public on its plans for collecting and managing student loans, which could mean increased costs for borrowers as private companies seek to make money out of the student loan scheme, Grant Robertson Labour Tertiary Education Spokesperson said today.

Read more on Scoop.co.nz

[Part 4] Sallie Mae is the largest student loan company. We look at a 60 Minutes report on Sallie Mae and how Sallie Mae, with the help of government, makes a lot of money off of student borrowers.

How to repay your student loans
You definitely don’t want to default, but here are some important tips for getting the best terms on loans and paying them back.

Read more on KTVL Medford

Sallie Mae Plans to Issue $760.4 Million of Bonds Backed by Student Loans
SLM Corp. , the largest U.S. student lender, plans to sell $760.4 million of bonds backed by loans, according to a person familiar with the offering.

Read more on Bloomberg

Sallie Mae is the largest student loan company. We look at a 60 Minutes report on Sallie Mae and how Sallie Mae, with the help of government, makes a lot of money off of student borrowers.

When Student Loans Live On After Death
Throngs of parents and students are still applying for private student loans. But they may be unaware that when the student dies, the co-signers are often obliged to pay off the balance of the loan themselves.

Read more on WallStreet Journal via Yahoo! Finance

CNN has some advice for any former students now saddled with excess debt carry out a decade of social work or join the ranks of the governments civilian service corps. CNN business news correspondent Stephanie Elam put on the hard sell for government service to viewers of Newsroom. This is really about helping those people out, getting them ready as far as the choice for best course of study for the financial future, Elam told viewers. So you may consider the possibility of enlisting in public service. Demand is really high right now for government jobs and any remaining debt on federal student loans will be forgiven after you work full-time in public service for ten years. Elam continued. But to get this benefit, you need to take out your loan from a federal lender as opposed to a private one like Sallie Mae, she continued, apparently auditioning for the role of Obamas public service czar. CNNs national public service broadcast continued as Elam then touted AmeriCorps and the Peace Corp service: Theyre not going to forgive your loan, but if you do have service that you provide to AmeriCorps, you will enjoy loan forbearance, and what that really means is you wont be have to make any payments while youre serving, and AmeriCorps volunteers are also eligible for an education reward for $5350, the anchor said. Elam then added four full years of Peace Corps service will equal a 70 percent cancellation of an existing Perkins loan.

Changes to Student Loans Take Effect Today
There’s now a new way for college students and parents to apply for loans.

Read more on KTBS Shreveport

Treat student debt like credit debt
With Congress still considering a major financial services reform bill, one of the issues being discussed is extending bankruptcy protection to some student loans.

Read more on FOX Providence