Student Loan
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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
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
Federal Consolidation Loan
The Federal Consolidation Loan combines two or more existing student loans into a new loan with a single, low monthly payment and an extended repayment period. Consolidation Loans are an excellent option for borrowers who have loans with more than one lender. Consolidating can eliminate the need to make multiple payments to multiple lenders. Borrowers may apply for a Federal Consolidation Loan during their grace period, once they have entered repayment, or during periods of deferment or forbearance. Continue reading
The federal government sets interest rates on student loans; therefore, interest rates on Stafford and PLUS student loans are the same for all lenders. However, lenders offer a variety of ways to save you money on the cost of student loans. Follow these tips when choosing a lender: Continue reading
Student loans make a lot of sense when it comes to financing your education. However, before you borrow from any student loan program, be sure to investigate all sources of student aid that do not have to be repaid such as grants, scholarships, and employment opportunities. These gift, or free aid programs, and employment opportunities can help to reduce the amount that you will need to borrow, while you are pursuing your educational goal. Continue reading
Protecting the privacy of your personal information is important to us at New Mexico Student Loans. We respect your right to privacy and recognize our obligation to keep information about you secure and confidential. We do not sell or share information about you with outside marketers. Continue reading
We are pleased you are interested in New Mexico Student
Woody Farber, |
Loans and its services. We were founded in 1981 as the New Mexico Educational Assistance Foundation and the New Mexico Student Loan Guarantee Corporation to improve educational opportunities for students in New Mexico. We now do business under one name, New Mexico Student Loans. Since 1981 we have financed approximately $750 million dollars in educational loans, thus providing funds to assist students in achieving their goal of a postsecondary education. Continue reading
The NMEAF and NMSLGC DBA New Mexico Student Loans is a private, nonprofit corporation created by the New Mexico State Legislature in 1981. To fulfill our commitment to the future of education in New Mexico, we work with educational and lending institutions, state and federal government agencies, and individuals interested in education in the state. We also abide by the Open Meetings Act. Continue reading
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