sallie mae
With student loan default rates rising due to persistently high unemployment rates, it's easy to vilify the seemingly endless monthly payments that follow graduation. But take a closer look, and you'll find that the news about student loans is more good than bad.
Student Loans Coming Due? Advice for Unemployed College Grads
8:30PM 9/27/2011
When you graduate college, you've got six months before you have to start repaying your student loans. For members of the class of 2011, that grace period ends soon, but all too many of them haven't found jobs and can't afford to start making those payments. We asked John Ulzheimer of SmartCredit.com to discuss their options.
Mom co-signed a loan and now she's stuck: Help Me, WalletPop!
1:00PM 10/28/2010
If you're having a problem with a business, Consumer Ally can help. Write us at HelpMe@WalletPop.com.
Q. My mom is in the unfortunate situation of being a co-signer on a student loan and was informed she qualified to be taken off after 24 months of payments. She had the main person on the account...
Here's the good news: Families are saving for college. In fact, according to a study released earlier this week by Gallup and Sallie Mae, 60% of families are socking money away. And they're doing a pretty good job of it. They start, on average, just after their child turns 3, and save about $3,000...
Student Loan Corporation to Be Sold in Complex Transaction
9:30AM 9/17/2010
In one of the most complex and convoluted deal done on Wall Street in quiet a while, Student Loan Corporation, which originates and services student loans and is a subsidiary of Citibank, will be sold.
Citigroup May Sell Student Loan Corp. to Sallie Mae Consortium
8:45AM 9/17/2010
Citigroup (C) plans to sell its student-lending unit Student Loan Corp. to a consortium including Sallie Mae as early as today, The New York Post reported.
Citigroup owns 80% of the company, with another 20% being publicly traded. It is the country's second-largest student lender, after Sallie...
Does the Housing Industry Need a Bailout?
9:00AM 8/06/2010
Michael Feder of Radar Logic thinks it does. And he adds that the federal government, which has underwritten or guaranteed almost every new mortgage since the financial crisis began, is in a precarious position itself. But Feder offers one possible solution.
It's a sad truth: Debt forces people into choices they'd rather not make. A survey conducted by Sallie Mae subsidiary Nellie Mae found that 21% of student borrowers had delayed having children because of their loans, and 14% delayed getting married because of their student debt loads.
Student Loans: How Income-Based Repayment Will Make You Poorer
9:00AM 6/21/2010
Looking for a way to ease the burden of student loans? IBR, Income-Based Repayment, caps monthly payments at 15% of discretionary income and allows stretching payments out for 25 years instead of 10, but that doesn't make it a good deal for borrowers.
Student loans now back in government's hands
6:00PM 3/23/2010
Tacked on to the health care reform bill at the last minute was a bill to overhaul the student loan program and eliminate a $60 billion program for support of private student loans. If the reconciliation bill is passed by the Senate, all future federal student lending will be done by the federal...
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