U.S. Bank Exits FFELP July 10, 2009 by Scholarships.com Staff Earlier this week, U.S. Bank announced that it would cease to act as a lender for Stafford Loans issued through the Federal Family Education Loan Program. U.S. Bank was the sixth largest participant
Obama Signs HEA Technical Corrections Legislation July 7, 2009 by Scholarships.com Staff Congress has passed and President Obama has signed a bill that provides "technical corrections" to the Higher Education Act, which Congress renewed last year. In addition to offering clarification on
SpendonLife Credit Challenged Scholarship May 18, 2009 by Scholarships.com Staff The current state of the economy has made it increasingly difficult for students with poor or average credit to borrow money for college. With many student loan companies announcing plans to cease
Congress Working on Credit Card Legislation April 30, 2009 by Scholarships.com Staff Student loans and credit cards make up the two most dangerous, and often difficult to avoid, debt traps for college students. While some amount of borrowing for college can make life easier for
College Students' Credit Card Debt Increasing April 16, 2009 by Scholarships.com Staff While an increasing number of college students received financial aid in the 2007-2008 academic year, that calendar year students also ran up more credit card debt. The average college student owed
House Votes to Postpone PLUS Auction April 1, 2009 by Scholarships.com Staff Earlier this week, the House of Representatives passed a "technical corrections" bill that would make several changes to the Higher Education Opportunity Act passed last year. Most of the changes
Student Loan Default Rate Rose in 2008 March 27, 2009 by Scholarships.com Staff Student loan default rates increased in 2008, according to a preliminary report released by the Department of Education. The numbers, which still aren't finalized, indicate an increase from 5.2
Credit Crisis Leaves Student Loans Stuck in Default February 10, 2009 by Scholarships.com Staff The recession seems to be bringing an almost constant stream of stories about people in all sorts of circumstances who are facing new and varied financial troubles. These stories could easily be