student loans


Armand Biroonak's picture

Back to School, Students Turn to Loans for Help

By Armand Biroonak
September 4, 2009

Students are borrowing more than ever to pay for college. As reported in the Wall Street Journal, for the 2008-09 academic year, students borrowed nearly 25 percent more than the previous year to pay for school, borrowing a total of over $75 billion. more »

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COHEAO and NACUBO Survey Reveals Perkins Loan Shortfalls

By Coalition of Higher Education Assistance Organizations (COHEAO) and the National Association of College and University Business Officers (NACUBO).
May 04th, 2008
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Author Organization(s): 

Coalition of Higher Education Assistance Organizations (COHEAO) and the National Association of College and University Business Officers (NACUBO).

Report: 
http://www.coheao.org/resource/frontnews/0508a.asp
Publication Date: 
05/04/2008

Of the institutions that responded to the survey, 28 percent indicated that they expected their institution to have a shortfall in their Perkins Loan fund on June 30, 2008, which would require their institution to make a loan to the fund. Another 18 percent were unsure if they would have a shortfall. more »

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Sallie Mae to Quit Offering Federal Loan Consolidations

From chronicle.com
April 14th, 2008

chronicle.com — Sallie Mae, the nation’s largest student-loan company, is taking another step away from the government-backed student-loan business, further exacerbating the sense of crisis hanging over the industry.

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Alex Carter's picture

Parents are Very Concerned about Paying for Their Children's College

Submitted by Alex Carter
April 14, 2008

According to a recent New York Times/CBS News poll, 70 percent of parents surveyed were “very concerned” about how they would pay for college; only 6 percent were not concerned.

Source
Jonathan D. Glater. "Fewer Options Open to Pay for Costs of College." New York Times. April 12, 2008.
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House panel OKs higher limits for student loans

From boston.com
April 11th, 2008

boston.com — Students may increase their borrowing for college by $2,000 a year and private lenders could sell the debt to the government for a profit under legislation approved by a House panel yesterday. The measure, passed by the House Education and Labor Committee on a voice vote, is intended to ensure that turmoil in the credit markets doesn't prevent students from financing their educations, sponsors said.

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BANKING INDUSTRY OPPOSES BILL TO PROTECT WORKING FAMILIES FROM PREDATORY STUDENT LOANS

From californiachronicle.com
April 9th, 2008

californiachronicle.com — Working families and their college-bound children would get the information they need to protect themselves from predatory student loans under a bill by Assembly Speaker pro Tempore Sally Lieber (D-San Jose) facing heavy banking industry opposition at 1:30 p.m. today in the Assembly Higher Education Committee.

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Student Loan Guarantor Faces Bankruptcy

From reuters.com
April 8th, 2008

reuters.com — The Education Resources Institute Inc, which calls itself the largest not-for-profit guarantor of U.S. private education loans, has filed for Chapter 11 bankruptcy protection, saying rising defaults and credit market problems have damaged liquidity.

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