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Your Money: Danger Lurks When Shopping for Student Loans

Comparison shopping for a private student loan — unlike a mortgage or an auto loan — may hurt your credit score.

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+ Shopping Around for a Student Loan Can COST You…

other topics: click a “category” or use search box This is Ron Lieber’s article in the NY Times: When college financial aid officers got into trouble last year for accepting gifts from lenders, the moral of the story was clear: You could easily overpay for your student loan by simply borrowing from a college’s recommended lender without [...]

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Here's How to Avoid Defaulting on Your Student Loan

By Sandy Regal If you default on your student loan it can cause problems with your credit rating. Lenders look at your payment record and if you default on your student loan a poor credit rating is not all you can expect; loss of income tax refunds and possible wage attachments. If you follow a few simple guidelines you can easily avoid defaulting on your student loan. The first step to avoiding defaulted...

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Consolidate Private Student Loans - Facts & Figures

By Vesta Ricklefs When you get out of college and hopefully begin your new career, loan payments can be very stressful. When you first take out student loans, you are usually operating under the idea that the fantastic career you will have will easily provide for the monthly payments you will have to make. If only that was the way life worked. For most people, getting that job takes a while or even...

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Your Money: Danger Lurks When Shopping for Student Loans

Comparison shopping for a private student loan may damage your credit score.

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Student Loan Scams By Bankers

My visitors are gone and I can now finish the second financial story today. It seems that students seeking better loan deal are being punished by ruining their credit rating for making inquiries? Gads. And Australia is screaming in financial...

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The utter uselessness of the Student Loans Company

I have written before about the Student Loans Company and the completely useless way they marry up data about people and the length of time it takes. But this month they have provided further evidence that they are not fit for purpose. I knew from my tax records that I had paid up my student loan in full, so sent them my P60 so that they small amount they deduct each month would cease. I asked them...

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Student Loan Forgiveness Programs

My sister is a public school teacher in Boston. She’s participating in a program where her student loans will be paid off after some number of years teaching difficult students in schools in low-income neighborhoods. The arrangement works for my sister because she would be teaching anyway, though as a young female teacher the rowdy [...]

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Student loan money is harder to find

The Boston Globe story: A brutal test in student borrowing profiles one family caught up in the whole subprime housing mess - only they are not worried about their mortgage, they are just trying to... [Head on over to Boston Gal's Open Wallet to read the rest!]

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The First Marblehead Corporation: Astrive(R) Student Loans Web Site Redesigned to Serve as Knowledge Hub for Education Financing

BOSTON, MA (MARKET WIRE) With today's credit market making it more difficult for some Americans to fund their higher education and creating need among families for direction regarding available options, the Astrive Student Loans website (www.astrive.com) has been overhauled to become an information destination for students and families with questions or concerns about paying for college. Astrive Student...

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Defaulting on Your Student Loans

How to get out of your student loans?

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More than 20,000 graduates overcharged for student loans

More than 20,000 graduates were overcharged for student loan repayments last year.

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How To Pay Off Your Student Loan Quickly

By William Blake Student loans are a common debt for new graduates. The financial pressure can be daunting, especially when just starting out. Debt consolidation may be the key to financial freedom. Qualifying for consolidation assistance will depend on a number of factors. The type of student loan you have is just one. Government and private loans are 2 of the most common student loans. Offered by...

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20,000 graduates overcharged for student loans

More than 20,000 graduates were overcharged on their student loan repayments last year.

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Student Loan Corporation Steps Up Risk

Student Loan Corporation (STU) which is 80% owned by Citigroup (C) announced worsening results. Compared to the same quarter last year they dropped earnings by 40%. The press release went to great lengths to point out that they were able to successfully securitize and therefore off load much of their originations. As any lender they are looking for ways to increase their spread. Read this quote: “This...