| StudentFirst Eases Student Loan Process
Encino, CA (PRWEB) July 19, 2007 -- Student First, a leading lender of student loans, has eased the student loan process by providing more information to students and families required to make a decision. StudentFirst, in association with other mortgage lenders, has initiated the process of holding seminars across the state to explain the process of student loans. StudentFirst will consult with newly graduated doctors to help them navigate, understand and implement the consolidation of their federal loan debts. Student loans by private lenders came under attack when it came to light that a few lenders were gifts to individuals in certain educational institutions in exchange for advantage in disbursal of that particular company's private student loan. StudentFirst has always been following the Loan of Conduct.
Settlement announced with seventh largest lender in the country
New York -- Attorney General Andrew Cuomo Friday announced an agreement with the College Loan Corporation, the seventh largest student loan provider in the country, to settle allegations that it provided perks to schools that placed it on preferred lender lists. Under this agreement, CLC will pay $500,000 to the National Education Fund established by Attorney General Cuomo. CLC has also agreed to comply with Cuomo’s Code of Conduct. CLC is a private student loan company based in San Diego, California and the seventh largest student loan company in the country. An investigation conducted by Attorney General Cuomo revealed that CLC hosted financial counseling sessions on behalf of schools for students who were taking or had taken student loans. These sessions are required under federal law to provide lender-neutral information, but CLC misused them as a marketing opportunity.
SimpleTuition Adds Student Loans from KeyBank
NEWTON, Mass. & CLEVELAND--(BUSINESS WIRE)--SimpleTuition, Inc. (www.simpletuition.com), a company dedicated to helping students and parents make sense of education financing choices, today announced a partnership with KeyBank, (NYSE: KEY) one of the nation's largest bank-based financial services companies. As a result, KeyBank federal and private student loans for undergraduates, graduate students and parents are now available through SimpleTuition.com. "When it comes to something as important as financing an education, KeyBank urges parents and students to explore all of the available loan options," said Daryl Leake, national director of business development for Key Education Resources. "The loan comparison feature available through SimpleTuition.com will help borrowers compare loan products and make the best choices for their financial situation." Although many students are enjoying the summer break, come August more than 16 million1 students will be heading off to school.
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