Loan Resource

House and Senate negotiators reached an agreement Wednesday to boost aid to college students, a deal that calls for slashing roughly $20 billion in government subsidies to banks that issue student loans. Under an agreement reconciling differences between House and Senate bills, the maximum Pell grant, which goes to the poorest students, would increase from $4,310 to $5,400 by 2012. The legislation also would cut interest rates on federally backed student loans to poor and middle-class stud

It's a good thing you got that college education. You can put it to good use navigating the complex maze that is the student loan industry as you consider whether to consolidate your federal student loans. For those who have never done it, it's a question that comes up every year in anticipation of the rate change on July 1 of the variable federal student loans. But this year, there's a twist. News of student lenders offering perks and kickbacks to colleges and alumni associations to incl

Student loan company Nelnet reached a $2 million settlement with New York Attorney General Andrew Cuomo stemming from investigations into the company's student loan practices. Nelnet also agreed to stop paying alumni associations to refer students to their consolidated loans. Under the settlement, Nelnet agreed to follow a code of conduct outlined by the Attorney General and will contribute $2 million to a fund to help educate college-bound students and parents about their loan options.