Industry News

14
Feb
More Financial Aid to Low-Income Students Boosts Their Success Rates

Low-income students face long odds of getting to graduation, but a new study suggests students could be more successful in two-year community colleges if they received more financial aid.The Association of Community College Trustees, the California Community Colleges Chancellor’s Office, and the Institute for College Access & Success released a report showing arou

Posted in: Industry News, Student Loan News,
13
Feb
Student Loan Bears Find it Hard to Short the Market

Publicly traded student loan players like Navient and Wells Fargo may have gotten hit by lawsuits from the Consumer Financial Protection Bureau, but that hasn’t kept their stocks in the industry from gaining ever since President Donald Trump won the election.With many investors betting there will be a friendlier regulatory environment for the student loan [&hell

Posted in: Industry News, Student Loan News,
13
Feb
Law School Aid Favors Wealthier Students Over Low Income Ones

With the average law school graduate owing between $78,000 and $136,000, becoming a lawyer in America is cost prohibitive, even for upper income families. After adding the financial crisis and subsequent recession of 2008 to the mix, it is not surprising to see that the average law school enrollment fell off the cliff. Aiming to […]

Posted in: Industry News, Student Loan News,
13
Feb
Its Financial Aid Awareness Month and NASFAA Wants You to Know All the Benefits

Members of NASFAA speaking at an unrelated event.Federal financial aid may be the only way countless students can afford a college education but that doesn’t mean the application isn’t overwhelming for many. After all, the Free Application for Federal Student Aid, otherwise known as FAFSA, is multiple pages in length, requires a ton of supporting […]

Posted in: Industry News, Student Loan News,
10
Feb
PenFed Rolls Out New Student Loan Refinancing Program

Room of people partaking in an unrelated hearing.Making a bet that workers, parents, and married couples will make good on their student loan debt, PenFed Credit Union rolled out a new student loan refinancing program targeted directly at this group.Offering consolidation and student loan refinance rates as low as 3.5%, the nation’s second largest credit [&he

Posted in: Industry News, Student Loan News,
09
Feb
Investors Shrug Off CFPB Lawsuit Against Navient When it Comes to its Bond Offering

Despite getting hit with a lawsuit over its student loan servicing practices by the Consumer Financial Protection Bureau, Navient’s joint book runners Bank of America Merrill Lynch, Barclays, and RBC were able to price an asset backed security offering above the one month Libor.According to a report in Global Capital, Navient’s $270 million in A1 […]

Posted in: Industry News, Student Loan News,
09
Feb
SoFi Scores Touchdown With Overtime Ad During Super Bowl LI

The New England Patriots weren't the only victors of Super Bowl LI. Online lender Social Finance, otherwise known as SoFi, scored a touchdown by making a bet the game would go into overtime, the first time ever in NFL history.When it comes to the Super Bowl, companies pay exorbitant amounts of money for a 30 […]

Posted in: Industry News, Student Loan News,
09
Feb
Scammers Targeting Desperate Student Loan Borrowers

Person speaking on the phone unrelated to the scam.Desperation often offers opportunities to the fraudsters. When it comes to student loans, that’s particularly true. With borrowers owing on average over $28,000 and many struggling to pay it back, scammers have no trouble preying on their despair.That’s the case in West Michigan. Two people received calls [&helli

Posted in: Industry News, Popular News, Student Loan News,
08
Feb
Earnest Makes Minor Adjustments to Refinancing Rates

Student loans have become a necessary evil for countless Americans, but that doesn’t mean you have to over pay when turning to a private student loan lender to fund a college education. With the number of student loan lenders growing and now including fintech startups and traditional banks, borrowers have a lot of loans to choose […]

Posted in: Industry News, Student Loan News,
07
Feb
SoFi Student Loan Refinancing Rates Change Slightly

The cost of borrowing money for college can vary depending on the lender and type of loan a student loan borrower chooses to use. And, just like with all financial decisions, knowledge is power, which is why LendEDU is staying on top of the interest rate changes in the private student loan and student loan […]

Posted in: Industry News, Student Loan News,