Student Loan | Paying Off A Student Loan? New Federal Program May Help

January 28, 2012 – 11:27 am
Student loan

Raleigh, N.C. – People trying to pay off student loans might be able to save a little money, thanks to a new loan consolidation program sponsored by the federal government.The U.S. Department of Education is sending letters to those eligible for the Special Direct Consolidation Loans . Those who do get a letter will need to apply by June 30.People who want to apply must have at least one student    .. more …

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Student Loan | Student Loan Interest Rate Set To Double Unless Congress Acts

January 28, 2012 – 11:27 am
Student Loan

In 2007 Congress passed the College Cost Reduction and Access Act. The act phased in a 3.4 percent rate for subsidized Stafford loans for undergraduate students. But that rate is set to expire.”At a time when Americans owe more in tuition debt than credit card debt, this congress needs to stop the interest rate on Student Loans from doubling in July,” said President Barack Obama in his State of    .. more …

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Student Loan | Fitch Affirms Senior Notes Of State Of North Carolina State Education Assistance Authority 2011-1

January 28, 2012 – 8:59 am
Student loan

NEW YORK–(BUSINESS WIRE)– Fitch Ratings has affirmed the State of North Carolina State Education Assistance Authority 2011-1 senior notes at ‘AAAsf’ with a Negative Rating Outlook. The Negative Outlook is tied to the U.S. sovereign rating. Fitch used its ‘Global structured Finance Rating Criteria,’ ‘U.S. FFELP student Loan ABS Rating Criteria’ and ‘Rating U.S. Federal Family Education Loan    .. more …

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Loans | European Loans Contracted Most On Record As Crisis Intensified

January 28, 2012 – 8:53 am
Loans

(See EXT4 for more on Europe’s debt crisis.) Jan. 27 (Bloomberg) — Loans to euro-area households and companies contracted the most on record in December as the sovereign debt crisis damped demand for credit and banks tightened lending. Loans to the private sector declined 0.7 percent from November, the most since records began in 1991, the European Central Bank said today. Loans grew 1    .. more …

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Student Loan | Fitch Affirms LoanStar Asset Partners II, L.P.,1995 Master Trust Notes

January 28, 2012 – 8:01 am
Student Loan

NEW YORK–(BUSINESS WIRE)– Fitch Ratings affirms the long- and short-term ratings of LoanStar Asset Partners II, L.P.,1995 Master Trust (fka-Greater East and Greater Texas student Loan Corp) at ‘A+/F1+’. The Rating Outlook on the long-term rating is Stable. The rating of each series of 1995 Master Trust Notes is based on the support provided by a distinct direct-pay letter of credit (LOC) issued    .. more …

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Student Loan | Student Loan Interest Rates Likely Increasing, Rep. Foxx Says

January 28, 2012 – 6:19 am
Student loan

students could see the interest rates on their Student Loans double this summer if Congreess does not act to extend a rate reduction passed in 2007.The current interest rate on federal student loans is 3.4 percent. The law permitting the lower rate is set to expire this summer, which would cause them to go back up to 6.8 percent.”You’re going to lower our rates, and then you’re going to double    .. more …

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Student Loan | Braley Sponsors Student Loan Bill, Will Visit Coe Thursday

January 28, 2012 – 5:26 am
Student Loan

CEDAR RAPIDS – Rep. Bruce Braley on Wednesday introduced legislation that would indefinitely keep the interest rate for federally subsidized student loans at the current level of 3.4 percent.Braley, a Democrat representing Iowa’s First District said unless Congress takes action, student loan interest for subsidized Stafford loans will double to 6.8 percent on July 1, 2012. Under that    .. more …

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Student Loan | Student Loan Debt Keeps Going Up

January 28, 2012 – 5:03 am
Student loan

Outstanding student loan debt surpassed $1 trillion in 2011, an amount that now exceeds what the entire nation owes in credit card debt. The amount of money owed on Student Loans has continued to rise, even as recession-minded consumers pay down debt elsewhere.According to Larry White, the John H. Poteat Chair of Banking and a professor of finance at East Tennessee State University, there’s a    .. more …

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Loans | More Basic Knowledge Regarding Quick Bad Credit Loans

January 28, 2012 – 4:24 am
Loans

What You Should Already Know About Quick Bad Credit Loans Borrow only what you really need, scrutinize your budget to figure out exactly how much you can afford to repay and in what time frame. Do not forget to include interest rates in your calculations. Use the internet to get bids and make applications. Look carefully at interest rates and repayment schedules. Never take the first offer.    .. more …

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Student Loan | Student Loan Repayment

January 28, 2012 – 1:14 am
Student Loan

Lenders provide a diversity of plans to pay back your student loans — some quite flexible. These plans obtainable to you depend upon the kinds of loans that you have. You should find out what type of loans you have, know about your options, and make the good choice for your fiscal case. Various rules apply to private and federal Student Loans. Loans awarded by banks and the federal government are    .. more …

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