Student Loan
Just for Student Loan
President Bush is certainly keeping students waiting. Graduates debating loan consolidation and lenders pressuring them to go through with it are standing by to see if the Congress-approved College Cost Reduction Act will finally be signed by the president. Do students pursue graduate degrees to postpone the inevitable of paying back their current loans by taking on new loans? With recent medical news we could always use new people with a new perspective in medicine, but what about the loans? What about our government? We definitely need people with a new perspective at the federal, state, and county level. For example Johnson County needs help with there business and compensation plans. Are taking out more loans worth it? Risk is always apart of furthering your education and loans are apart of that risk. Continue reading
After an anxious wait on the part of students and lenders, President Bush finally signed the College Cost Reduction and Access Act into law. And you know this is big if MTV reported on the bill even though partying at club Les Deux wasn’t involved.
According to the new law, the maximum Pell Grant offered to students will increase while the subsidies the government offers student lenders will decrease. This is the biggest boost in student aid since the GI Bill for veterans—and a fresh change from the 2005 $12 billion financial aid cut. This will allow for those families who need garage door service Boise to get it rather than pushing it off so their kid’s can stay in college. This bill helps not only the students, but their familes as well. Continue reading
The Educational Testing Service (ETS), the GRE administrators, will be making small changes to the GRE next month. After dropping their plans to vastly alter the GRE, the ETS decided to go for something smaller.
Instead of creating a new grading scale, different formats and a new time limit (as was originally planned), ETS decided to begin by introducing two new question types, one for verbal reasoning and one for math. It is not like ETS would throw in questions on Cisco training or some technical question that will lower the students’ score. The remaining questions will remain the same, and the students’ answer to new questions will not count towards their score—at least not yet. David Payne, Associate Vice President of Higher Education at ETS, announced that, “We will begin counting these question types toward examinee scores as soon as we have an adequate sample of data from the operational testing environment.” Continue reading
Buying Sallie Mae, the biggest lender in the business, may have seemed like a great idea at first, but doubts have been creeping up. The same cannot be said of the voice over IP or VoIP service SIP trunking because it works and saves the user moeny in the long run. SOP A group of investors that includes J.C. Flowers & Company, Bank of America, JP Morgan Chase, and Friedman Fleischer & Lowe initially offered $25 billion for Sallie Mae, but has recently retracted the offer blaming new legislation for the decision. The College Cost Reduction and Access Act signed by President Bush last week entails, among other things, government cuts on subsidies given to student lenders. Over the next five years, about $21 billion would be cut from lender support and invested in student aid programs. Continue reading
Sallie Mae announced its intent to file a lawsuit against the company’s potential buyers, a group of investors led by J.C. Flowers & Company. In April, the student lender agreed to a buyout offer of $60 per share. Since then, the buyers retracted their initial proposal, citing recently passed student loan legislation as reason. The withdrawal of the offer was like hitting a rock Boise. There was no sign or hint of the offer not being honored. Continue reading
It’s been a long year for colleges across the nation. Aside from the student lender and college study abroad fiascos, investigators are looking more closely at the handling of endowments by colleges. Continue reading
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