New York to sue student loan company: report (Reuters via Yahoo! News)
New York's state attorney general is planning to sue the student loan company, Goal Financial, accusing it of engaging in illegal practices to lure customers, the New York Times reported on Thursday.
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Public, non-profit student loan provider to get proper funding (News Democrat & Leader)
Governor Steve Beshear announced Friday that the state has finalized the deal to provide the state's only public nonprofit student loan provider $50 million with which to make student loans during the 2008-2009 school year.
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New York Plans to Sue Student Loan Company (New York Times)
The attorney general is preparing a lawsuit against Goal Financial, charging that the lender broke laws by luring borrowers with cash and gifts and that it misled consumers about loan terms.
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College Loan Corp. to Cease Private Loan Disbursements (WallStreet Journal via Yahoo! Finance)
College Loan Corp. said it is exiting the remaining part of its student loan business. The company said it will "cease all private loan disbursements effective immediately" because it lost its funding.
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Federal Student Loan Efforts Finding Fair Share of Takers (Financial Planning.com)
Student lenders plan to finance a significant portion of their federally guaranteed loans this academic year using two programs the Department of Education started in July to guarantee liquidity to the market.
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Student loans dry up for some (The Bona Venture)
The economy's recent woes have caused student loan lenders to back out of their deals, leaving some students in a bind. Elisabeth Rankin, director of financial aid, said the problem started last year when Congress reduced bank subsidies to regulate the relationships between higher education institutions and lenders.
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Student loan money drying up? (WXOW 19 La Crosse)
Its the first day of school for students at UW La Crosse. For some its just the beginning of student loans and college debt. Tuition has went up across the nation and as school is becoming more expensive
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Three Tips for Finding the Most Affordable Student Loan (US News & World Report)
Making the smart pick upfront will save you money later.
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Two Brokers Accused of Securities Fraud (New York Times)
The broker said the securities were as safe as cash. After all, he claimed, the outfit that issued them, Glacier Education Loan, bought student loans guaranteed by the federal government.
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Tips for students who need a loan (Daily Press)
Despite the troubles in the private student loan market, other sources of funds are available. You just have to know where to look.
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