| Student Aid Centers Invites Students, Parents and Graduates to ...
New Website launched that does much more than just offer student loan consolidation. StudentAidCenter.org combines all that college students, graduates and parents need to make the college experience much easier to navigate. Through partnerships, StudentAidCenters.org provides loan information, books and supplies, resume tips, job listings and more are now all in one place. (PRWEB) July 16, 2007 -- With rising tuition costs in both private and state colleges and universities, students and their families rely on funding for education. However, not all collegiate funding -- nor all student aid lenders -- are created equally. Trust is essential when applying for a student loan or student loan consolidation. Student Aid Centers is not like other websites that are focused on just convincing you to apply for a student loan.
Editorial: Student loan repayment plan worthy
Congress is working on a number of welcome changes to college student loan regulations. One in particular hasn't gotten a lot of attention, but could be a big help for borrowers and a small help to the economy. Legislation in the House and Senate intends to set a limit on lower-income borrowers' monthly payments. The goal is to combat the problem of interest rates that have gone up so much that payments are taking an increasing bite out of borrowers' pay. Typically, these are young people who we want to become a bigger part of the economy without them ending up falling deeper into debt to pay off their student loan. Though the individual bills don't match yet, it's expected that they'll end up proposing that borrowers don't have to start repaying loans until their income is at least 150 percent above the federal poverty level and then wouldn't be more than 15 percent of their income beyond that point.
College Student Loans Unfolded
Everything in this world comes for a price. Higher education is no exception to this hard core reality. It requires immense funds to acquire a professional degree without which you cannot imagine a bright future in the present competitive world. To tackle any sort of situation, all parents, guardians do make savings for their child. But, nowadays education has become so expensive that you cannot think of relying on the existing sources. This arise a need of some external source of finance. You cannot move ahead to any sort of lender who can offer you funds, unaware of the relative policies. There are college student loans, which are particularly configured with the objective of offering aid to students in the times of their career building. .
Bucking the Tide on Private Loans
As the scandals and debates over private lending have grown in recent months, conventional wisdom has held that private loans are a necessary evil. Sure, students and their families are taking on debt that is typically more expensive and more risky than federally backed loans. But as long as families feel that college costs are otherwise beyond their reach, private loans will continue to become more popular. .
College Loan fined $500K in aid probe
College Loan Corp., in a settlement deal with New York Attorney General Andrew Cuomo, will pay $500,000 and submit to a code of conduct. BY NOAH BIERMAN nbierman@MiamiHerald.com New York Attorney General Andrew Cuomo announced a settlement with another student-lending company on Friday -- and released a report that cast a watchful eye on the College Loan Corp.'s relationship with schools including Florida International University. Cuomo's office has been targeting practices in student lending it claims show a conflict of interest. Among them: college loan officers serving on the boards of lenders and then putting those lenders on ''preferred'' lender lists recommended to students. That practice ended for CLC, as a result of Friday's settlement, which also requires the company to pay $500,000 and submit to a code of conduct.
Preferred lenders investigated
Attorney General Marc Dann is investigating the relationship between the Ohio University Alumni Association and a loan consolidation company as part of a statewide investigation of alumni foundations and preferred lenders. The investigation is the result of an earlier inquiry into the relationships between colleges and universities and student loan companies. During that investigation, Miami University revealed that its alumni association had a financial arrangement with a lender, according to a press release from the attorney general. This sparked an investigation of alumni association relationships with preferred lenders. Like Miami, the Ohio University Alumni Association has a marketing relationship with the National Education Loan Network (Nelnet) a loan consolidation company.
About-Student-Loans.com Gives More Gold to College Students
( EMAILWIRE.COM, July 07, 2007 ) About Student Loans is a new and highly informative Website that provides unbiased information on student loans that can save college students loads of money. Salem, Utah -- About Student Loans is the web's best source for high-quality information on private and federal student loans. Recently they have added three new .
Accountability 101: Why You Need to Have a Stake in How Your ...
CLEVELAND, June 20 /PRNewswire-FirstCall/ -- The following story was written by Rick Vonk, president of Key Education Resources. In a recent edition of the Honolulu Advertiser, an article ran that focused on the current relationship between colleges and private lenders, and how the relationship may not be advantageous to students. The article's headline: "College a 'Wild West' of loans." Chances are if you read, listen to or watch the news, you've come across some variation of this headline and story over the past three months. What you probably have not come across is a story citing that for the 2007-2008 school year the U.S. Department of Education projects to meet only 60 percent of students' borrowing needs . . . or that from 2000 to 2007 the cost of tuition, fees, room and board at public and private four-year colleges have increased 52 percent and 37 percent, respectively.
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