News Articles About Student Loans

Another victim of the student loan crisis, the Pennsylvania Higher Education Assistance Agency (PHEAA) announced that it will suspend its student lending program. PHEAA, a federally-insured lender, has followed in the footsteps of the Michigan state loan program by pausing—indefinitely—its lending services.

PHEAA to Suspend Student Loans

February 27, 2008
by Scholarships.com Staff
Another victim of the student loan crisis, the Pennsylvania Higher Education Assistance Agency (PHEAA) announced that it will suspend its student lending program. PHEAA, a federally-insured lender,
In a bold move reflective of the volatile loan market, Michigan announced its decision to temporarily suspend the state-run Michigan Alternative Student Loan (MI-Loan) program. Alternative loans, otherwise known as private student loans, are often used by students to supplement federal Pell Grants and government loans.

Michigan to Suspend Private Loans

February 14, 2008
by Scholarships.com Staff
In a bold move reflective of the volatile loan market, Michigan announced its decision to temporarily suspend the state-run Michigan Alternative Student Loan (MI-Loan) program. Alternative loans,
It’s no secret that student lenders have had a rough ’07. After an investigation by New York Attorney General Andrew Cuomo revealed that student lenders had been forming illegal agreements with colleges that promoted their services, the spotlight was cast on negative aspects of student borrowing.

Lender Troubles Trickle Down to Students

January 17, 2008
by Scholarships.com Staff
It’s no secret that student lenders have had a rough ’07. After an investigation by New York Attorney General Andrew Cuomo revealed that student lenders had been forming illegal agreements with
In the wake of a student loan scandal that has made families weary of financial aid officials, lenders and the National Association of Financial Aid Administrators (NASFAA), the financial aid industry is eager to demonstrate a willingness for change--especially NASFAA.

New NASFAA President Ready for Organization Cleanup

January 15, 2008
by Scholarships.com Staff
In the wake of a student loan scandal that has made families weary of financial aid officials, lenders and the National Association of Financial Aid Administrators (NASFAA), the financial aid
The whole “college graduates earn $1 million more than non graduates over their lifetime” stat is getting a bit trite. I’ll give you a few more if you’re not convinced that college is a worthwhile investment.

Tour de Scholarships.com

December 19, 2007
by Scholarships.com Staff
The whole “college graduates earn $1 million more than non graduates over their lifetime” stat is getting a bit trite. I’ll give you a few more if you’re not convinced that college is a
Limiting the amount of money you borrow is a basic principle of good money management. College students who are able to finance their education through federal student loans, are fortunate to have access to low interest rate educational funding that puts earning a degree within their reach.

Don't Borrow More Than You Need

November 21, 2007
by Administrator
Limiting the amount of money you borrow is a basic principle of good money management. College students who are able to finance their education through federal student loans, are fortunate to have
Worrying about the application process is hard enough. When you add tuition costs, necessary savings, and loan interest rates into the equation, the numbers equal a headache. Don’t worry; we’ll give you a hand. Take advantage of the free financial aid calculators provided by Scholarships.com, and take things one day at a time—we’ll crunch the numbers for you.

Scholarships.com Financial Aid Calculators

November 9, 2007
by Kevin Ladd
Worrying about the application process is hard enough. When you add tuition costs, necessary savings, and loan interest rates into the equation, the numbers equal a headache. Don’t worry; we’ll give
Loans don’t incite pleasant feelings in students, in anyone on the borrowing side. It doesn’t help that the media has made it a point to discuss, extensively, what appears to be the newest trend… mortgage loan defaulting. Student loans aren't as large as mortgages, but for a growing number, they are catching up.

Federal Student Loans

November 6, 2007
by Kevin Ladd
Loans don’t incite pleasant feelings in students, in anyone on the borrowing side. It doesn’t help that the media has made it a point to discuss, extensively, what appears to be the newest trend…
After months of investigations into the legality of practices within the student loan industry, new regulations have been approved by the Department of Education. The guidelines came shortly after the passage of the College Cost Reduction and Access Act which increased financial aid and decreased lender subsidies. The new rules, however, are more targeted at the behavior of student lenders and financial aid officials.

New Lender Regulations Approved by Department of Education

November 2, 2007
by Scholarships.com Staff
After months of investigations into the legality of practices within the student loan industry, new regulations have been approved by the Department of Education. The guidelines came shortly after
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