Loan programs

Variable Rate for Loan Consolidation 'Viable,' GAO Says

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The Education Department's proposal to start charging a variable interest rate instead of a fixed, low rate to borrowers who combine multiple federal student loans into one is a "viable option for reducing federal costs" in student loan programs, the U.S. Government Accountability Office said in a February letter to Republican lawmakers, who had requested the review.

Loan Battles in Banks and Congress

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Direct lending supporters accuse some lenders of delays on consolidation; Democrats and Republicans trade charges in Congress.

Borrowing More, Earning More

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Changes in federal policy in the 1990s led students to take on more debt, but higher post-graduation salaries helped them start repaying the funds.

Growing Market for Loans

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Sallie Mae unveils new programs for community colleges -- at a time when borrowing by some of their students is on the rise.

Court to Rule on Delinquent Debt

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Can the U.S. go after a student loan defaulter's Social Security benefits? The justices will decide.

Bush vs. Bankers

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There is no such thing as an offhanded comment from a White House spokesman.

So when Trent Duffy, in explaining Friday that President Bush would seek to bolster the Pell Grant program in part by reducing the subsidies paid to lenders in the student-loan program, called the subsidies "excessive" and described the loan industry as "very profitable," the political winds surrounding the student-loan programs continued to shift.

New Analyses on Aid Policy

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Studies are released on students who borrow and then drop out, and on the role of private scholarships.

U.S. Orders Corinthian to Repay $775,000 in Student Aid

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Education Department imposes no fines or penalties after investigation into wrongdoing at Bryman College campus in San Jose.

New Loan Repayment Option

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The Education Department is giving student borrowers a new way to consolidate -- and to lock in lower interest rates.

Lender's Lawsuit Lives Again

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A federal appeals court on Monday breathed new life into a long-running legal battle between two competing student loan companies.

The U.S. Court of Appeals for the Fourth Circuit overturned a lower court jury's 2003 ruling siding with Sallie Mae in a lawsuit brought by College Loan Corporation.

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