Fed Financial

Sallie Mae Student Loans News

  • Clemson keeps bank-based student loans Tuesday, October 7, 2008 @ 12:05AMCLEMSON -- Clemson University is enrolled in a federal direct-lending program that guarantees loans to qualified students, but even as hundreds of colleges join the program amid a banking crisis, Clemson continues to use a bank-based system.
  • Econ 101: Financial crisis means some interest rates on college loans going up Monday, October 6, 2008 @ 6:17PMJohn W. Adkisson | The Flint JournalUniversity of Michigan-Flint students Joe Testerman (left), Elizabeth Beaubien (center), and Nick Publiese, all of Lapeer, talk while walking to the parking lot Monday afternoon at the UM-Flint campus in Flint. Beaubien and Publiese...
  • With no way out of trouble, more students likely to default Monday, October 6, 2008 @ 3:20AMFor Lora Ladd, the dream went like this: Get a great education in graphic design. Land a $40,000-a-year job. Pay off those student loans. Save some money and start a business.
  • SLM Corp. shares rise; co. expects to beat views Thursday, October 2, 2008 @ 6:16PM(AP:RESTON, VA.) Shares of student lender SLM Corp. jumped Thursday after the company said it expects third-quarter earnings to beat Wall Street expectations and that it is well-capitalized.
  • Sallie Mae defends its health Thursday, October 2, 2008 @ 3:01PMA day after SLM Corp. stock tumbled 32 percent, the student lender sent a letter to shareholders assuring them the company’s finances are sound. (SLM) (SLM)
  • Sallie Mae CEO Sees Light Thursday, October 2, 2008 @ 2:36PMFrozen credit markets would appear to be the undoing of student loan originators but Sallie Mae sound optimistic.
  • Winners & Losers: Downey Financial Wednesday, October 1, 2008 @ 1:22PMShares of the company are down as investors worry about a possible takeover.
  • PhillyDeals: PhillyDeals: Dollar jumps against other currencies Wednesday, October 1, 2008 @ 1:51AMThree months ago, you needed $1.60 in good American money to buy one euro in Rome or Berlin. You needed just $1.44 Monday. It cost $1.40 yesterday.
  • Sallie Mae Credit Swaps Jump to Record Amid Credit Turmoil Tuesday, September 30, 2008 @ 12:58PMSept. 30 (Bloomberg) -- The cost to protect against a default by SLM Corp. , the biggest U.S. educational lender, reached a record as short-term corporate borrowing rates soared amid the worst financial crisis since the Great Depression.
  • Sylvan centers close abruptly Tuesday, September 30, 2008 @ 3:08AMEAST LONGMEADOW - Cheryl C. Malandrinos of Wilbraham walked up to the Sylvan Learning Center on North Main Street Sept. 25 and found the door locked and a note saying the location was "temporarily closed."
  • House defeats bailout plan; Dow closes down more than 700 Tuesday, September 30, 2008 @ 12:54AMThe House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.
  • 3 area Sylvan Learning Centers close without warning Monday, September 29, 2008 @ 6:21PMEAST LONGMEADOW - Cheryl C. Malandrinos of Wilbraham walked up to the Sylvan Learning Center on North Main Street Thursday and found the door locked and a note saying the location was "temporarily closed."
  • Economic slide also having an impact on student loans Friday, September 26, 2008 @ 4:16AMBelt-tightening by lenders and the spiraling financial crisis on Wall Street have caused more than 150 financial institutions to stop offering private student loans in
  • Keeping College Debt Under Control Friday, September 26, 2008 @ 1:37AMI decided that to pay for college without borrowing money, I would have to make some serious income. So I started a janitorial service for the commercial businesses near my school. Sure enough, I got a few contracts, each of which paid an average of $800 to $2,200 per month. And I ended up...
  • Extra Space Storage(R) Helps Customers Save for College Thursday, September 25, 2008 @ 8:43AMExtra Space Storage(R) (NYSE: EXR), www.extraspace.com, the second largest operator of self-storage in the U.S., announced today a new marketing partnership with Upromise, Inc., the largest private source of college funding contributions in America. Now, Upromise members can earn college savings rewards with every qualifying purchase made at Extra Space Storage.
  • Extra Space Storage(R) Helps Customers Save for College Thursday, September 25, 2008 @ 8:26AM SALT LAKE CITY----Extra Space Storage® , www.extraspace.com, the second largest operator of self-storage in the U.S., announced today a new marketing partnership with Upromise, Inc., the largest private source of college funding contributions in America.
  • Students juggle funding options to pay college tuition Tuesday, September 23, 2008 @ 9:47PMSince the school year is now underway, many students have come to terms with the task of financing college, a reality a recent Gallup study sought to put into perspective.
  • Sallie Mae Sponsorship Highlights Programs Accelerating Latino Student Success Tuesday, September 23, 2008 @ 8:28AMThree programs at institutions of higher education-- in California, Arizona, and Texas--have been selected as "Examples of Excelencia" (examples of excellence) in a national initiative to identify and honor programs and departments boosting Latino college enrollment, performance and graduation.
  • Barletta calls Kanjorski’s role into question Monday, September 22, 2008 @ 2:36AMAs a member of a key House banking subcommittee, Democratic U.S. Rep. Paul E. Kanjorski had a ringside seat as the nation’s banking system cascaded into a crisis that’s threatening the American economy.
  • The Fed Letters Friday, September 19, 2008 @ 1:33PMDear Mr. Bernanke and Mr. Paulson...
  • Student loan stocks mixed amid broader rally Friday, September 19, 2008 @ 11:02AM(AP:NEW YORK) Shares of student loan lenders and originators were mixed Friday even after a government plan to rescue the banking sector sent the broader markets surging on confidence that the credit markets will open up, allowing lenders to boost business.
  • Credit crisis limits students seeking college loans Thursday, September 18, 2008 @ 7:13PMLehman Brothers the latest lender leaving young in lurch
  • Former Columbia Southern business dean charged with student-loan fraud Thursday, September 18, 2008 @ 4:18PMMOBILE, Ala. - A Foley man who was fired from his job at an online university based in Orange Beach has been charged with using a fraudulent Social Security number to take out tens of thousands of dollars in federal...
  • Student cashes in savings after private loan falls through Thursday, September 18, 2008 @ 11:22AMEric Hahn thought his financial situation was set after he was approved for a private student loan with an 8 percent interest rate to supplement his federal education loans.
  • Counselors try to calm waves of debt Wednesday, September 17, 2008 @ 10:15PMMounting student loan debt - now about $30,000 for the average U.S. college graduate - can destroy credit scores and make it impossible to buy a home or even open a bank account.
  • IdentityTruth Partners with Upromise to Provide Access to Comprehensive Identity Management Services Wednesday, September 17, 2008 @ 8:15AMIdentityTruth, the leading provider of a new breed of services to help consumers safeguard their privacy and identity, today announced that it has been selected by Upromise as the preferred provider of identity theft prevention and privacy services.
  • Budget shortfall forces job and service cuts at TSU Monday, September 15, 2008 @ 3:53PMTennessee State University will eliminate 40 jobs and cut other programs and services in a bid to balance its $6 million budget shortfall, university president Melvin N. Johnson announced today.
  • Letters to the editor Thursday, September 11, 2008 @ 4:42PM We need government on our side
  • Student loan companies in settlement talks Sunday, September 7, 2008 @ 11:58PMNEW YORK - The attorney general of New York is negotiating settlements with eight student loan companies to reform deceptive practices in the industry. A particular focus is the marketing of products so they appear to be federal loans, an official said Friday.
  • Student Loans Under Fire Friday, September 5, 2008 @ 3:29PMThe hits keep coming for the college loan industry.