News Articles About Private Loans

Why should you use scholarship websites? How should you use them? And what are the chances of you actually getting scholarships off of these sites? I had the opportunity to interview Scholarships.com VP Kevin Ladd and here's what I found.

Why Students Should Use Scholarship Websites

July 15, 2015
by Genevieve Grant
Why should you use scholarship websites? How should you use them? And what are the chances of you actually getting scholarships off of these sites? I had the opportunity to interview Scholarships.com
While many students – and their parents – will say no amount of student loan debt is ideal, a new report has zeroed in on those at the top of the pile, those who borrow most and may be most at risk for defaulting on their loans and running the risk of hurting their credit scores.

New Student Debt Report Looks at Those Who Borrow Most

April 27, 2010
by Scholarships.com Staff
While many students – and their parents – will say no amount of student loan debt is ideal, a new report has zeroed in on those at the top of the pile, those who borrow most and may be most at risk
Despite more cost-conscious students, demand for student loans has continued to increase over the last two years according to a new analysis by Reuters and the credit bureau Equifax.  According to Equifax’s data, both the number and the balance of student loan accounts in the United States have risen markedly.

Student Loan Demand Rises as Availability Decreases

January 22, 2010
by Scholarships.com Staff
Despite more cost-conscious students, demand for student loans has continued to increase over the last two years according to a new analysis by Reuters and the credit bureau Equifax. According to
After legislative changes in 2007 made lending less profitable and credit markets constricted sharply in 2008, major banks began to exit the student loan market in droves, leaving relatively few participants in the Federal Family Education Loan Program and even fewer options for private student loans.  In addition to federal aid and alternative programs like peer-to-peer lending, another source of funding has been on the rise in the wake of the credit crunch: credit union student loans.

Credit Union Student Loans

January 13, 2010
by Scholarships.com Staff
After legislative changes in 2007 made lending less profitable and credit markets constricted sharply in 2008, major banks began to exit the student loan market in droves, leaving relatively few
Students who are interested in applying for private loans may soon see the process changing.  The House of Representatives passed consumer protection legislation last week that would further regulate private student loans, ensuring that students interested in borrowing them are aware of rates, federal alternatives, and borrowing limits at their school.

New Rules for Private Loans in House Financial Bill

December 15, 2009
by Scholarships.com Staff
Students who are interested in applying for private loans may soon see the process changing. The House of Representatives passed consumer protection legislation last week that would further regulate
Federal student loans aren't the only form of student borrowing that may soon undergo a legislative makeover. As Congress debates the creation of a Consumer Financial Protection Agency, advocacy groups are continuing to push for inclusion of rules that would give the agency more oversight of student loans.

Congress Considers Increased Student Loan Oversight

December 3, 2009
by Scholarships.com Staff
Federal student loans aren't the only form of student borrowing that may soon undergo a legislative makeover. As Congress debates the creation of a Consumer Financial Protection Agency, advocacy
Private student loans may soon come under increased federal regulation as Congress takes up legislation that would create a consumer financial protection agency. The bill moved out of the House Financial Services Committee yesterday and will soon go to a floor vote.

House Moves to Further Regulate Private Loans

October 23, 2009
by Scholarships.com Staff
Private student loans may soon come under increased federal regulation as Congress takes up legislation that would create a consumer financial protection agency. The bill moved out of the House
As the Senate prepares to begin looking at similar measures recently passed by the House to stop or further regulate bank-based lending, student-loan companies have been looking for ways to lobby for their own cause, spending millions in the process, according to an analysis of federal records done by  The Chronicle for Higher Education.

Student Loan Bill Meeting Challenges Before Senate Vote

September 28, 2009
by Scholarships.com Staff
As the Senate prepares to begin looking at similar measures recently passed by the House to stop or further regulate bank-based lending, student-loan companies have been looking for ways to lobby for
Despite some Republication opposition, The House of Representatives voted 253-171 to approve a bill Thursday that would stop lending from the bank-based Federal Family Education Loan Program in favor of the Department of Education-run Federal Direct Loans Program by July 2010. The bill, known as the Student Aid and Fiscal Responsibility Act of 2009, would also increase the current maximum Federal Pell Grant from $5,350 to $5,550 and provide for annual increases to the grant in the years to follow through a $40 billion pool of funding over the next decade.

Student Loan Bill Passes in House

September 18, 2009
by Scholarships.com Staff
Despite some Republication opposition, The House of Representatives voted 253-171 to approve a bill Thursday that would stop lending from the bank-based Federal Family Education Loan Program in favor
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