President Obama’s plan to overhaul the way the government offers and services student loans has shaken up many private lenders, and 32 of them came together to offer him an alternative.
Hurting the Big Guys
The lender group, which includes national student lending powerhouse Sallie Mae, hoped the Obama administration would reconsider their plan to move [...]

It looks like Harvard is at it again. First the university began offering financial aid to families making up to $180,000–and full-rides for those with family incomes of less $60,000! Now a few very recent Harvard alums have teamed up to make no-interest loans a reality for Harvard attendees.
Paying it Forward
When the founders of UniThrive.org [...]

With financial strain hitting families from coast to coast, it is no wonder that more students are turning to student loans to help cover the cost of college, but does your child know all that a loan entails?
Here are a few things your student should understand about student loans before he or she starts borrowing.
1. [...]

This month’s issue of Forbes has an article for those of you who are (or will soon be) college parents–it’s called The Great College Hoax, and it explores the perils of skimping on your college preparation.
The Million Dollar Myth
It seems that we are frequently hearing from various experts that there is this elusive $1 million [...]

Having trouble meeting college costs without taking on debt? Why not get a sponsor? A new website called GradeFund is attempting to help students do just that. Students sign up to get funded by family, friends, and even corporate sponsors based on the grades they earn. How it Works Started by brothers Michael [...]

Would you believe that 60% of students looking to fund school this fall with student loans still don’t have a handle on where those funds will come from?
That number comes from a new student loan survey funded by TuitionBids.com which queried more than 500 parents and students.
Changing College Plans
The economy has made this year a [...]

Summer is in full swing and that means it’s student loan season–the perfect timing for the release of the Federal Trade Commission’s latest “FTC Facts for Consumers” which is all about student loan safety.
Their June 2008 edition is a guide to avoiding deceptive student loan offers (PDF), which includes a brief summary of the different [...]

With the private student loan market still limping along from the effect of the credit crunch, peer-to-peer (a.k.a “p2p”) student loan lending companies (like Fynanz, which I wrote about a couple weeks ago) seem to be building a following. With some of the personalized feel of social networking sites like MySpace and Facebook, this [...]

Hundreds of student borrowers are suffering as the current credit crunch continues to spread through the student loan industry-loan checks of up to $10,000 sent to them by one private lender are bouncing.
Follow the Bouncing Check
Late-night TV watchers may have caught Astrive Student Loans’ catchy, teen-friendly adverts-they’re all about making it easier to pay for [...]

It looks like everyone is trying to get a piece of the student-loan pie these days-even the investing public. A new peer-to-peer (also known as “P2P”) lending site called Fynanz is now offering students the opportunity to borrow from individuals instead of from companies-but is this a safe (or practical) move?
How it Works
The basic [...]