According to this article in the Boston Globe, two more major lenders have stopped issuing student loans.
New York-based CIT had already stopped offering private student loans last year. Now, it will stop issuing even the government-guaranteed student loans. NorthStar, a nonprofit organization in St. Paul, will “temporarily suspend” processing applications for federally backed Stafford, PLUS, [...]
Posts Tagged as ‘financial aid’
April 8, 2008
Number of Student Loan Providers Continues To Drop
March 21, 2008
Three Top Banks Stop Offering Federal Student Loans
Despite recent assurances from Department of Education officials that students will have ample access to federal loans for the fall, three top banks have announced they have dropped out of the federal student loan program for the coming academic year (as reported in The Wall Street Journal via University Business).
The three banks–HSBC Bank USA, M&T Bank [...]
March 4, 2008
Is There A RIGHT Way To Study Abroad?
Well, there are better ways to do it, and better times to do it, but study abroad is valuable even under the “worst” circumstances (living and studying with other Americans, traveling with other Americans, and avoiding contact with locals or time alone.)
And don’t get me started on those $50,000 full-year abroad experiences (which would cost you [...]
February 11, 2008
Dad Sues Wheaton College For Unfair Study Abroad Charges
Oh, my.
Well, if you’re a regular reader of this blog, you already know that I’m writing a book (The World Is Your Campus, to be published by Random House in spring of 2009) about global education–and specifically, I am addressing the fact that the majority of private universities charge thousands of dollars EXTRA for every student’s semester abroad. [...]
January 24, 2008
How To Become a College TA or RA at 18
Okay, this is a braggy post. You see, my #3 daughter, who is a junior at a small liberal arts university in Canada, just told us that she has been selected to be a TA (teaching assistant) this term–and she wasn’t even applying for the position! She’ll get paid in Canadian dollars–right now, that’s a GOOD thing.
How [...]
December 21, 2007
Education’s Naughty & Nice List: Student Loan Scammers Most Grinch-like
The New American Foundation featured an interesting post by HigherEdWatch.org listing education’s Naughty and Nice players for 2007.
In a year rocked by student loan scandals, it’s not surprising that some of the naughtiest ones are those who skimmed millions of dollars from students via high-priced loans.
Very, very Grinch-like indeed–and something tells me we shouldn’t hold our [...]
December 12, 2007
Finally! Top Universities Consider Making College More Affordable
Since Harvard announced its plan to offer more grants and scholarships to students from middle-income families, other universities are jumping on the bandwagon.
This is great news! I’ve felt for a long time that all it would take is one or two universities offering more aid to trigger a shift in the way top private universities [...]
December 11, 2007
Harvard U To Embrace Middle Class Students–MAYBE
Harvard University is getting a lot of press since issuing an announcement that it will be earmarking more aid (grants and scholarships) for students from middle-class families.
Uh-huh.
The problem is that, well, there isn’t a lot of room for those students, what with all the saved spots for athletes, legacies, rich/famous, etc. Obviously, if you can’t get [...]
November 27, 2007
Another Sad Story About the Mindless College Admissions Dance
Last night, I met with a young woman and her mother here in Buenos Aires. The young woman is a delightful student who is studying at a university here. Her mother is visiting her. They shared their story about preparing for college.
L did everything right. From her freshman year, she took the toughest courses, loaded up [...]
