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Todd Coffman thinks he’s a good credit risk — but because he’s studying at a community college, the banks suddenly seem to think otherwise.
Coffman, 28, is halfway through a two-year X-ray-technology degree at Bellevue Community College. In the past year, he took out about $4,500 in federally subsidized student loans through Citibank.
But […]

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The world of student loans just became more complicated and expensive for some borrowers, while others are about to get a great deal.
It all depends on whether you’re borrowing now or dealing with loans from the past.
Interest rates on variable-rate student loans will drop sharply on July 1st. That will make […]

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More banks are dropping their federally backed student loan business, citing default rates and subsidy cuts that make it too risky to continue.
Students at for-profit colleges are some of the hardest hit, but financial aid officers say there’s still help out there; it just takes more looking.
“It has been a frustrating couple […]

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The tremors may not have been felt locally yet. But financial experts warn they are coming.
Dramatic changes in the student-loan market could make borrowing more expensive and harder to secure, experts predict.
The subprime mortgage meltdown and the ensuring credit-market crunch, has slowed lending and cooled investor interest in securities, including those backed by student loans. […]

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Instead of paying off your student loans, you can work them off with the government’s help.
While most people know that the government offers various types of student loans, some may not be aware that Uncle Sam also offers graduates a number of ways to pay back loans.
By volunteering, or working in community-service positions, graduates […]

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The University of Maryland Eastern Shore is among 63 colleges that participated in a “deceptive” revenue-sharing scheme with a Florida student-loan marketing firm, New York’s attorney general said yesterday.
Under the partnerships, Clearwater, Fla.-based Student Financial Services Inc. paid universities and athletic departments for the right to use college mascots and trademarks in marketing federal-loan consolidations […]

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When Julian Benedict enrolled in honours history and signed up for a student loan seven years ago, he didn’t realize his decision would condemn him to a decade of financial purgatory.
He also didn’t think the government would charge him well above prime interest rates for what he believed was a social service.
“I had no idea […]

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National Guard medic Patrick Campbell was a year into law school at Catholic University in Washington, D.C., when he volunteered for a deployment to Iraq. Upon his return, the California native found his student loans in default.
“I was getting two letters a day from them and phone calls every morning from people telling me I […]

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The multibillion-dollar market for securitized student loan debt faces new stresses as Congress moves to reshape the troubled student loan industry.
With concern over the subprime crisis shaking up the credit markets, financial industry groups said Monday that several new student loan financings have been put on hold, and loan financing costs are up.
The groups pleaded […]

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KAREN WONS of Maryland finds herself in a quandary that is confronting many parents right now.
She is struggling with how best to advise her daughter — a recent college graduate — on paying down her $25,000 in student loans.
Wons did what any wise parent would do. She asked for help.
Here’s the background. Wons’ daughter works […]

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