Have you decided on distance education and want to take one of those famous online education degree programs? Then be sure to consider all the pros and cons of distance schools. Distance learning has many advantages: Time management–you may adjust the schedule of your classes to your routine. You may simultaneously have both a job [...]
The new legislation introduced by democratic candidates bans college loan lenders to pick and choose among institutions. Under the regulations of this law, college loan lenders will have to extend credit to any eligible student, regardless of family income and the number of years of education. The New York Times reports that the government already [...]
Some of the nation’s biggest banks plan to stop providing student loans for college applicants and students. Less-selective four-year colleges, like Eastern Oregon University and William Jessup University in Rocklin, California, have already been dropped by other student lenders. The New York Times reports that some loan companies have exited the student loan business entirely, [...]
The Bush administration has submitted a written proposal to the Congress seeking to buy student credit loans. By doing so, the administration hopes to provide capital to lenders for new student loans and to make sure that the nation’s credit crunch does not prevent students from borrowing money for receiving a higher education. The New [...]
Sallie Mae, the Reston, Va., based student loan company, has lost $104 million in one quarter. The company has been suffering from financial problems since last year and a reshuffling of its top management as well as a failed buyout. According to Democratic Underground, Sallie Mae has eliminated about 1,000 jobs over the past six [...]