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.

The U.S. House of Representatives overwhelmingly passed a bill Wednesday cracking down on conflicts of interest in the $85 billion student loan market amid a widening scandal. Adopted by a 414-3 vote, the bill would require colleges and lenders to abide by new codes of conduct; ban gifts from lenders to college aid officers; require disclosure of college-lender relationships; and protect students from aggressive marketing practices. Investigations by Congress and New York Attorney Genera

Financial aid officers don't always act in the student's best interests. Here's how to protect yourself. For students who plan to borrow for college, choosing a lender has become a lot more complicated. In March a scandal erupted when New York State Attorney General Andrew Cuomo launched an investigation into allegations that student loan companies provided kickbacks to university financial aid officers and staffers in order to win more business. One key goal was to gain a spot on s

Interest rates on bank deposits seem to have peaked for the time being. With Reserve Bank of India (RBI) deciding to maintain status quo on key interest rates and keeping the inflation target at 4-4.5% in the medium-term, there is apparently no pressure on the banking industry to raise deposit rates further from current levels. According to a cross-section of bankers, chances of deposit rates rising any further is lot less than them actually dropping from current levels. Bankers, therefore,

If you ever applied for student loan from your school, do you recall that your school financial office give you a list of lenders to choose from on those list they have the word "Preferred Lender", you might though those lenders are the best lenders which give students lower interest rate that the school recomend you. Now the fact is revealed and the justic is found for student by some attorneys. The fact is those lenders are not the best lenders that give students low interest rate, they pay the school to put their name in the preferred list or the school share the revenue with them. That is really unfaire to student, we are poor and our school is making money on our back. Finally, at the time of writing, three universities got kicked on the ass by some attorney and forced to give back the money they earned to students.

for full article  click on this link to read cnn news.

Student loans are loans offered to students to assist in payment of the costs of professional education. These loans usually carry a lower interest rate than other loans and are usually issued by the government. Often they are supplemented by student grants which do not have to be repaid.

 

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