News Articles About Fafsa

After passing the Senate and the House in varying formats, a compromise was reached on legislation that would help lenders stay afloat in a troublesome student loan market. The Ensuring Continued Access to Student Loans Act of 2008 was sent to the President yesterday, and rapid approval is expected.

Congress Approves Aid to Student Lenders

May 2, 2008
by Scholarships.com Staff
After passing the Senate and the House in varying formats, a compromise was reached on legislation that would help lenders stay afloat in a troublesome student loan market. The Ensuring Continued
Financial aid in the form of scholarships and grants is a student’s best bet when searching for college funding. Families who cannot pay for a student’s education without outside assistance should first turn to cost-free resources. When these prove insufficient, students can consider borrowing money for college.

A College Loan Glossary

April 29, 2008
by Scholarships.com Staff
Financial aid in the form of scholarships and grants is a student’s best bet when searching for college funding. Families who cannot pay for a student’s education without outside assistance should
To alleviate the affects of the intensifying credit crunch, Sallie Mae has been lobbying for government assistance. In past months, student lenders have been struggling to find buyers for both their loans and their loan securities. Sallie Mae, the largest student lender in the business, has turned to the government for assistance, asking that the US Treasury assuage loan market tensions by purchasing their securities.

Sallie Mae Seeks Financial Support from the Government

April 22, 2008
by Scholarships.com Staff
To alleviate the affects of the intensifying credit crunch, Sallie Mae has been lobbying for government assistance. In past months, student lenders have been struggling to find buyers for both their
On Thursday, the US House of Representatives passed a bill aimed at halting the mass leave of student lenders from the federal loan program. According to The Chronicle of Higher Education, more than 50 lenders have left the Federal Family Education Loan (FFEL) Program to date. The growing departure has left families fearing that students will have no one to turn to for financial assistance once their Pell Grants and savings run dry.

Bill to Aid Lenders Passed by House

April 18, 2008
by Scholarships.com Staff
On Thursday, the US House of Representatives passed a bill aimed at halting the mass leave of student lenders from the federal loan program. According to The Chronicle of Higher Education, more than
Nervous about economic turmoil and the uncertainty associated with oversized college loans, students are increasingly turning to community colleges for a low-cost alternative to a postsecondary education. Though certainly lower in cost, some students still need assistance in affording local schools. According to a recent study conducted by the Project on Student Debt, federal loans are not always an option for these students.

Federal Loan Scarcity a Problem Among Community Colleges

April 17, 2008
by Scholarships.com Staff
Nervous about economic turmoil and the uncertainty associated with oversized college loans, students are increasingly turning to community colleges for a low-cost alternative to a postsecondary
With a growing number of lenders leaving the FFEL Program, the Direct Loan Program has been receiving additional attention from schools and from the media. Unlike the Federal Family Education Loan (FFEL) Program, the William D. Ford Federal Direct Loan Program, more commonly known as the Direct Loan Program, allows students to borrow money directly from the government.

Federal Direct Loans

April 10, 2008
by Scholarships.com Staff
With a growing number of lenders leaving the FFEL Program, the Direct Loan Program has been receiving additional attention from schools and from the media. Unlike the Federal Family Education Loan
Deciphering the rewards one receives after filling out a FAFSA may be just as difficult as filling out the form itself. Students who plan to take advantage of government loans must pay particular attention to Award Letters detailing their financial aid options.

Federal Family Education Loan (FFEL)

April 4, 2008
by Scholarships.com Staff
Deciphering the rewards one receives after filling out a FAFSA may be just as difficult as filling out the form itself. Students who plan to take advantage of government loans must pay particular
The credit crunch and its negative impact on student borrowers is no longer news.   Both FFEL and private lenders have been responsible for financial tensions, and now there’s more to gripe about. Numerous colleges have been complaining that they are not receiving sufficient funding to cover their students' Perkins Loan needs.

Perkins Loan Availability Fading

April 3, 2008
by Scholarships.com Staff
The credit crunch and its negative impact on student borrowers is no longer news.   Both FFEL and private lenders have been responsible for financial tensions, and now there’s more to gripe about.
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