Student Loans Are Private Affairs
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In the late 1990s Sallie Mae agreed to give up its  government charter and strike out on its own as a fully private company. The result has been a more profitable, more dominant company.
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New figures on university endowments confirm it's not just the "haves" and "have nots" in academe these days. Beyond the great majority of colleges, there's a growing group of the newly rich schools, and Â at the top of the heap Â a tiny cadre of ultra-wealthy institutions.
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Private-equity billionairesâthe new Masters of the Universeâoften pay far lower rates than the rest of us. But Washington is trying to change that. Get ready for a fight.
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State-owned universities and research institutions are raking in revenue while remaining shielded from lawsuits themselves. Can it last?
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Students have been warned to apply early for loans to avoid having to wait weeks for payment.
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New York Attorney General Andrew Cuomo said on Wednesday he has widened his investigation of the student loan industry to include underwriting standards, and urged Congress to legislate a clean-up of the industry, including the fast-growing private loan market.
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A Senate report showed that gifts and payoffs to universities and their officials by student lenders were far more pervasive than had been disclosed.
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President George W. Bush signed student loan legislation on Thursday that slashes federal subsidies to lenders such as Sallie Mae, Citigroup, Bank of America and many others.
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A Saint Anselm College official said the US Senate committee report on student lending practices published a 2003 e-mail that incorrectly said Providence-based Citizens Bank was its exclusive lender, and denied any improprieties stemming from the bank's donation to the school. The report issued by US Health, Education, Labor and Pensions Committee chairman Edward M. Kennedy cited the gift as ...
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Teachers, students and administrators tampered with a private college's computer system to change grades and create fake degrees for money, prosecutors charged Monday. Among the fake degrees given were those for physicians' assistants, they said.
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New York Attorney General Andrew M. Cuomo announced a settlement yesterday with a student loan consolidation company that had been paying universities to use their logos, team names and mascots to generate business.
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Lynnae Brown knows debt: The 40-year-old market research tracker in New York owes more than $100,000 in student loans, plus $5,000 on her credit cards.
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The government is poised to extend older students loans - but will the deal go far enough?
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The student loan industry is collecting a record amount of the old subsidies Congress thought it had retired.
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A Connecticut commission ruled last week that Yale University must provide access to campus police personnel records. It's the latest in a series of rulings mandating greater openness at private universities.
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We're told over and over again that student loans are good debt. The conventional wisdom says that, like a home loan, student loan debt will turn into an asset. But what happens when it doesn't turn out that way? What happens when people take on tens of thousands of dollars in loans that may take...
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The pace of ever-rising college costs has slowed somewhat this year, and students are relying more on private loans rather than grants or other federal sources to finance their education, according to two new studies.