federal student loan programs
Student loans are available to students (and parents) in need ofhelp with living costs while studying and working on a degreeprogram. For many students, student loans are their largestsource of cash and income (in some cases, their only source).What often happens, is students acquire multiple student loans,then begin to have cash flow problems, which leads to charges onone or more credit cards. These credit cards are typicallyissued with very high interest rates, often 20% or higher. Thisis a severely problematic financial trap, and a very tough wayto get started in life for a young person who is still in schoolor just about to graduate.
White House Threatens to Veto Student-Loan Proposal (Bloomberg via Yahoo! News)
July 10 (Bloomberg) -- The Bush administration threatened to veto a Democratic proposal to increase college-education aid by cutting federal subsidies to student loan providers by $19 billion over the next five years.
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Student Loan Reform Still Faces Obstacles (US News & World Report)
With House passage of the 2007 College Cost Reduction Act, student loan reform has moved one step closer to reality, but significant obstacles remain.
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House Backs Big Changes in Student Aid Programs (New York Times)
The House voted to slash $19 billion in federal subsidies to student lenders and cut in half the interest rates on federally backed loans.
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House cuts student lender subsidies (Reuters via Yahoo! News)
The U.S. House of Representatives voted 273-149 on Wednesday to slash federal subsidies paid to college student-loan companies, such as Sallie Mae and Citigroup Inc, by $19 billion and boost grants to students, ignoring a White House veto threat.
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House OKs Pell grant increase, lower college-loan interest rates (San Jose Mercury News)
WASHINGTON - The House on Wednesday approved far-reaching changes in student aid programs, voting to slash $19 billion in federal subsidies to student lenders over five years, while increasing grants for needy students and halving interest rates on federally backed loans with the savings.
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U.S. House slashes student lender subsidies (Reuters via Yahoo! News)
The U.S. House of Representatives voted 273-149 on Wednesday to slash federal subsidies paid to college student-loan companies such as Sallie Mae and Citigroup and boost grants to students, ignoring a White House veto threat.
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U.S. House votes to slash student lender subsidies (Reuters via Yahoo! News)
The U.S. House of Representatives voted on Wednesday to slash federal subsidies paid to college student loan companies, such as Sallie Mae, Citigroup and Bank of America
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White House threatens House student loan bill veto (Reuters via Yahoo! News)
The White House on Tuesday threatened to veto a bill backed by U.S. House of Representatives Democrats that would slash subsidies paid to college student-loan companies such as Sallie Mae, Citigroup and Bank of America.
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House Student Loan Bill Will Make Families Pay More for Higher Education (PR Newswire via Yahoo! News)
With just one hour of debate, the U.S. House of Representatives hastily passed legislation which will cost many students and parents thousands of dollars more in interests on federal student loans by eliminating lender competition and choice.
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Loan system gets needed reform (The Daily Beacon)
Finally, the House and Senate are busy overhauling the student loans program. With tuition rising 40 percent faster than inflation, paying your way through school is becoming harder and harder. Since the induction of the GI bill more than 60 years ago, many changes have been made in government-aided school fund projects. For the last 10 years, the student loan industry has enjoyed overwhelming ...
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In the absence of any satisfactory method, loanproviders will prefer not to lend. Some lenders placerestrictive conditions on students in order to deter studentsfrom using the facility. Age restriction like upping the age ofstudents who can use student loan debt consolidation is one suchtactic.
Related keywords: unsubsidized stafford student loan, illinois loan officer, citibank student loans
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