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Neb. senator takes issue with student loan stance

U.S. Sen. Mike Johanns said Thursday that his concern for Nebraska families is what's driving his opposition to legislation that would turn control of student loans over to the government — not lobbying from private student loan provider Nelnet Inc. of Lincoln.

Study: More undergrads rely on private loans

A study finds the number of college students taking out private student loans has risen sharply in recent years.

New student loans require payments while in school

The running joke about student loans: Don't ever graduate, since you don't have to start paying them back until you do.

Congress sends student loan extension to Bush

Congress has approved through the 2010 school year a program that will allow students who rely on loans to continue their educations regardless of current difficulties in the private credit market.

Regulator: UBS defrauded NH student lender

New Hampshire securities regulators on Thursday accused banking giant UBS of defrauding the state's leading issuer of student loans.

The bank of family and friends: new student-loan wrinkle

The credit crunch has driven dozens of lenders out of the student loan market. But a number of new Web sites are trying to sidestep the traditional players, facilitating loans between students and anonymous investors or even friends and family members.

Feds offer help to student loan industry

Student loan companies, squeezed by the credit crisis, are getting some help from the federal government.

Student loan bill goes to president

Congress gave final approval Thursday to legislation aimed at ensuring the problems in the credit markets don't prevent students from getting college loans.

Student Loan Stir Hits First Marblehead

A nonprofit firm that provides financial guarantees for student-loan services provider First Marblehead Corp. filed for bankruptcy protection, sending First Marblehead's already-battered shares down sharply Tuesday.

Congress Acts on Student Loan Debt

Congress is poised to make big changes to the government programs tapped by millions of students to pay for college. The biggest of these for students: a cap on what low-income borrowers have to pay back each month on their federal student loans.

Senate Votes to Boost Student Aid

Maximum federal grants for low-income students would rise from $4,310 to $5,400 a year by 2011 under legislation passed Friday by the Senate.

House OKs Cuts to Student Loan Rates

Legislation to lower interest rates on student loans and increase aid to poor people who want to go to college won House approval on Wednesday.

Democrats Aim to Cut Student Loan Fees

Following up on an election-year promise, House Democrats said Friday they plan quick action to lower interest rates for student loans.

The Vine
Got A Signing Bonus From Lehman Brothers? Yeah We�re Gonna Need That Back
Source: DEalbreaker

Lehman new associates class of 2008, freshly minted MBA's may have to repay signing bonuses

Key Congressman Calls for Hearings on For-Profit Colleges
Source: chronicle.com

In response to Monday's Government Accountability Office report on loan defaults and basic skills tests at for-profit colleges and universities, the chairman of the House education committee, Rep.

Texas second in nation on student loan defaults
Source: The Dallas Morning News

A lot of people are spending time and effort to get an education, only to find that there are no jobs available upon earning a degree.

Someday, a Bill Will Pass
Source: The New York Times

"I don't want a single-payer health care system, and I don't want a single-payer student loan system!" "We're not talking about health care today, but perhaps we should be!" "The big gulp of the public option swallowing the private option!"

House Passes Historic Overhaul of College Aid Program - Private Lenders Get the Boot
Source: The New York Times

WASHINGTON (AP) -- The House has voted in favor of the biggest overhaul of college aid programs since their creation in the 1960s -- a bill to oust private lenders from the student loan business and put the government in charge.

Federal Student Loan Subsidies Overview
Source: febp.newamerica.net

The federal government offers several types of student loans to help promote access to higher education. The common goal among the different loans is to provide students with financing for higher education at better terms than those available in the private market.

Boost seen for Dems' student loan plan, House vote near
Source: Reuters

The bill "will generate almost $100 billion in savings over the next ten years that will be used to increase ...

Modern-Day Hero: Jon Oberg, Former G-Man In The U.S. Dept. of Education
Source: history-and-education.blogspot.com

In the mid-1990s, Oberg discovered loopholes whereby non-profit lenders made millions by taking advantage of 1980s-era student loan subsidies.

A Hand Up for Students Facing a Mountain of Debt
Source: The New York Times

Now comes the latest innovator, SafeStart, just in time for back-to-school season. It aims to reduce the fear of debt that might keep, say, middle-class 18-year-olds from borrowing for school in the first place.

Lobbying Showdown Over The Future Of Student Loans
Source: The Huffington Post

"When Sallie Mae, the nation's largest provider of student loans, saw the possibility of its own extinction in a plan advanced by the Obama administration, it did what just about any big corporation would do: It hired the best lobbyists money can buy.'

Obama's Student-Loan Overhaul Passes House Committee
Source: Bloomberg.com

President Barack Obama's plan to eliminate subsidized student loans by companies led by Sallie Mae won approval today by a House committee.

Student Loan Programs Offer Income-Based Repayment and Debt Forgiveness
Source: The Washington Post

This summer brings a measure of relief. Starting July 1, student borrowers can cap their monthly payments at a modest sum determined by income and family size.

Chairman Miller Introduces Legislation to Make Landmark Investments in College Affordability | Press Releases | Committee on Education and Labor
Source: United States House of Representatives

U.S. Rep. George Miller (D-CA), the chairman of the House Education and Labor Committee, today introduced legislation that will make college dramatically more affordable by investing billions of dollars in additional student aid – and at no new cost to taxpayers.

Fighting Student Loan Debt
Source: Consumer Warning Network

Jesse Jackson is helping students that have student loans that cannot be maintained.

New Federal Student Loan Repayment Plan Based On "Borrower's Income" Will Help Some
Source: The L.A. Times

The federal program is complex and won't apply to every borrower, but it could dramatically reduce monthly payments for some.

Getting to Know Guaranty Agencies: Federal Subsidies and Payments | New America Blogs
Source: New America Foundation

Overview of subsidies going to Guarantee Agencies for administering student loans.

Aspiring Lawyer Finds Debt Is Bigger Hurdle Than Bar Exam
Source: The New York Times

All his life, Robert Bowman wanted to be a lawyer. He overcame a troubled childhood, a tragic accident that nearly cost him a leg and a debilitating Jet Ski collision.

Aspiring Lawyer Finds Debt Is Bigger Hurdle Than Bar Exam
Source: The New York Times

A group of five state appellate judges decided that Robert Bowman's student loans were too big and his efforts to repay them too meager to allow him admission to the bar.

New program coming into effect July 1 could reduce student loan payments
Source: The San Francisco Chronicle

Starting July 1, many people having trouble repaying their federally guaranteed student loans might be able to choose a new, more lenient payment plan. Images View Larger Image Net Worth

New Federal Program: Help Is on the Way for Student Loans, July 1
Source: ABC News

Relief is just around the corner for the many young Americans who struggle under the weight of student-loan debt.

65 indicted in student loan fraud against Rio Salado College
Source: The Arizona Republic

"Authorities say that from July 2006 to October 2007, 37-year-old Trenda Lynne Halton recruited people to act as students to apply for federal grants or federally subsidized loans to attend Rio Salado College, an online school in the Maricopa Community Colleges system"

Times West Virginia
Source: timeswv.wv.newsmemory.com

States compete for more than $4 billion in federal education grants but those that have said no to charter schools, one of the education reforms President Barack Obama backs, may soon be paying a penalty for that choice.

When Sallie Met Barack
Source: The New York Times

There are so many things I don't understand in this world. Why can't we do something about North Korea? Why are all the bees dying? How did I miss knowing about "Jon & Kate Plus Eight" until last week?

School of Hock - Obama Plans for Student Loan Reform Bucks an Influential Industry
Source: washingtonindependent.com

With a growing number of college grads finding themselves crushed under the weight of their student loan debt, the Obama administration is considering action that could derail the entire student loan industry.  Groups who monitor campaign contributions, though, worry that the st …

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