http://www.studentloantax.org Politics over Policy - You will Pay More Fri, 26 Oct 2007 22:58:16 +0000 http://backend.userland.com/rss092 en In the past few weeks, hundreds, - perhaps thousands – of people employed by student loan lenders have been laid off after the passage of this new legislation. The lenders are acutely aware of the fact that this legislation will forever change the way students pay for college, and ... http://www.studentloantax.org/2007/10/26/congress-is-handing-out-water-to-drowning-students/ The FFELP student loan program was a good deal for borrowers and taxpayers alike. It allowed millions of American families to pay for the cost of a college education with affordable student loans. The program has been well run over the past forty-two years, which is what makes the Congressional ... http://www.studentloantax.org/2007/10/25/the-end-of-a-good-deal/ The legislation means that you won't be consolidating your student loans anymore. If you have outstanding student loans and you have not consolidated them, you should immediately contact your lender to see if student loan consolidation is still possible. In some cases, you may find that lenders have already stopped ... http://www.studentloantax.org/2007/10/23/what-this-legislation-means/ The student loan legislation we were worried about has passed. The $18 billion in subsidies cuts has turned into $20 billion. Unlike what the Congressional Democrats promised, only $11.4 billion will go to increased Pell Grants for students. You might be wondering about the other $8.6 billion. Some of ... http://www.studentloantax.org/2007/10/22/the-student-loan-legislation-has-passed/ On a lot of levels, things don't look so good with this student loan legislation. First, Democrats are just now figuring out that they can't deliver what they promised. They're hoping that you – the voter – don't notice that you – the borrower – aren't going to get ... http://www.studentloantax.org/2007/10/16/things-dont-look-so-good/ In case you missed it, Nancy Pelosi is now confronting the reality that the Congressional Democrats may have promised too much in the way of interest rate cuts for student loan borrowers. It seems as though the proposed interest rate cut of 50% will jeopardize the sale of Sallie Mae, ... http://www.studentloantax.org/2007/10/15/the-congressional-two-step-one-step-forward-one-step-back/ The Congressional Democrats complain about colleges and universities that maintain so-called "preferred lender lists." Their complaint is that the preferred lender list may mislead students about the companies from whom they can borrow. Congress wants students to know that students can borrow from any participating lender, not just those ... http://www.studentloantax.org/2007/10/12/isnt-it-ironic/ Analysts have been watching the Illinois Student Assistance Commission lately. It recently sold about $1.4 billion in student loans, about half of the loans it had been holding. The agency was also looking to shop another $1 billion in its remaining portfolio. The agency sold an additional $629 million in ... http://www.studentloantax.org/2007/10/11/illnois-state-student-loan-agency-sheds-assets/ Among the big successes of the FFELP is the low default rate of student borrowers. Low default rates don't just happen. The FFELP lenders have had to work very diligently to develop programs that help student borrowers understand the importance of paying back the student loans they've taken. Because FFELP loans ... http://www.studentloantax.org/2007/10/10/say-hello-to-higher-default-rates/ A recent study conducted by the National Association of Student Financial Aid Administrators shows that college graduates stand to make over a million dollars more than non-graduates do throughout their working career. The investments students make in their degrees are worth it, even with the higher cost of going ... http://www.studentloantax.org/2007/10/09/a-million-reasons-to-go-to-college/