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"nelnet"
FAP921: FAFSA oversimplification, scholarship newsletter, gay chorus covers
FAP921: FAFSA oversimplification, scholarship newsletter, gay chorus covers Listen now:
Audio|Fri, 14 Aug 2009|More from Financial Aid Podcast Free MP3 Internet Radio
|nelnetfound at4:16
“…ready to hit the ground running. Finally in the news this week Nelnet the student loan company second quarter profit sank 81% and the company said it would cut 300 jobs as part -- restructuring …”
FAP916: Student loan payment changes, online degrees
FAP916: Student loan payment changes, online degrees Listen now: Weekly Financial Aid Roundup Online degree effectiveness. Decline in scholarship funding. Student credit cards take another hit. Scholarship Update Congratulations to Karalynn Moran who won our $2,500 Scholarship Points award for June. Operation Homefront. Scholarship Points Instructions Are you a Scholarship Points member? In today’s show, get a Points code for 20 Scholarship Points by [...]
Audio|Thu, 2 Jul 2009|More from Financial Aid Podcast Free MP3 Internet Radio
|nelnetfound at3:25
“…retraining. Peterson's the online -- college prep site. Known by the company Nelnet found that all build a number of scholarships rose to one point seven million in 2008 from one point four million a …”
Leno banned in Boston?
Howie talks with TV guru Max Robins about homeboy Jay Leno's 10 o'clock show being banned in Boston.
Audio|Fri, 3 Apr 2009|More from Howie Carr
|nelnetfound at21:10
“…Chewing gum through the eyes is for Nelnet and. …”
FAP722: Sallie Mae, Nelnet in trouble, graduate financial aid mailbag
FAP722: Sallie Mae, Nelnet in trouble, graduate financial aid mailbag Listen now: Student Financial Aid News + This Sunday is College Goal Sunday in Massachusetts. Other states will vary. I’ll be at Framingham High School, and I’ll be bringing my video rig as well. + Chronicle: Sallie Mae, (ticker: SLM) the nation’s largest student-loan company, said it will [...] SHARETHIS.addEntry({ title: "FAP722: Sallie Mae, Nelnet in trouble, graduate financial aid mailbag", url: "http://www.financialaidpodcast.com/2008/01/24/fap722-sallie-mae- nelnet -in-trouble-graduate-financial-aid-mailbag/" });
Audio|Thu, 24 Jan 2008|More from Financial Aid Podcast Free MP3 Internet Radio
FAP622: Consequences of student loan legislation, mail bag, Brian Setzer Orchestra
FAP622: Consequences of student loan legislation, mail bag, Brian Setzer Orchestra Student Financial Aid News + Chronicle : With the threat of a presidential veto no longer looming, members of Congress gave final approval on Friday to legislation that would provide the largest increase in federal student aid since the GI Bill. + The compromise bill, which would slash government subsidies to student-loan companies and use the savings to reduce the federal deficit, raise the maximum Pell Grant, and halve the interest rate on subsidized student loans, cleared both chambers easily, 79 to 12 in the Senate and 292 to 97 in the House of Representatives. + In an effort to appease the president, lawmakers scaled back the number of new programs, from 10 to four, and raised the maximum Pell Grant to $5,400, the level contained in his budget request. But they did nothing to control the bill's price tag, which ballooned from $18-billion to nearly $21-billion in the compromise version. + That cost would be borne entirely by lenders, which would see their federal subsidies shrink for the second time in two years. Under the bill, the subsidy rate for for-profit lenders would be cut by 0.55 percent, while the subsidy rate for nonprofit lenders would be trimmed by 0.35 percent. + At the same time, the bill would double the origination fees that lenders pay the government on loans they make, to 1 percent, and reduce the amount of money that the government reimburses most lenders for loans that go into default, from 97 cents to 95 cents of every dollar that is unpaid. It would also end a practice of rewarding lenders designated as "exceptional performers" with a default-reimbursement rate that is two percentage points higher. + NASFAA : "Student loan company Nelnet Inc. (ticker: NNI) said Thursday will have to eliminate 400 jobs because of new lending rules before Congress that would cut back on federal subsidies for student aid," the Associated Press reports. " Nelnet plans to cut expenses by at least $25 million annually and the cuts announced Thursday represent more than 12 percent of the company's 3,300 employees. Nelnet Chairman and CEO Mike Dunlap said the company is changing its approach to the student loan business because of the changes Congress is expected to approve." + Some early signs of things to come - two prominent lenders, Sallie Mae (ticker: SLM) and NextStudent, have shifted the vast majority of their marketing to higher profit private student loans, in one case not even offering federal student loans as an option + Aggressive advertisements for student loan consolidation - and yes, we're telling you too, borrower benefits are likely to no longer be available after October 1. + On an upbeat note, PodCamp Philly this weekend was a fantastic event! Scholarship Update + The A. Patrick Charnon Memorial Scholarship helps students afford high quality undergraduate education in their chosen fields of study. Recipients must be admitted or enrolled in a full-time undergraduate program of study in an accredited four-year college or university in the United States. They must maintain good academic standing and make progress toward a degree. The Charnon Scholarship Review Committee will decide whether applicants fulfill the requirements of the award. The selection committee looks for candidates who value tolerance, compassion and respect for all people in their communities, and who have demonstrated their commitments to these values by their actions. + $1,500 scholarship + Details at our free college scholarship search site Mail Bag + AJ writes in: I have a big fav to ask, my sister is going back to school after years of being out, she is 46 and is looking for aid to help her get threw collage, she has separated from her husband and is raising a child on her own in Dubuque Iowa. + File the FAFSA first and see what eligibility she has + Check out the listings for women and non-traditional student scholarships + Borrow Stafford federal student loans from StaffordLoan.com + Borrow private student loans from ActEducationLoans.com + Julie writes in: I'm hoping you can help me find a resource. I have over $4000 to use on an educational experience as a result of a year with AmeriCorps. I'd like to go to Italy for 2-3 months and study Italian. I'm not currently a student anywhere, and I'd take my 11 year old son with me. I need to find a college or universitsy either in the US or Italy that would accept Title IV monies in payment for tuition, without me being enrolled in a degree program. I also don't need college credit, and that isn't a requirement for the scholarship from AmeriCorps (though I don't care if they want to give me credit.) I'm having trouble finding schools to accomodate my needs. Can you help? + Title IV funding requires you to be enrolled in a degree granting program at least half time or more + Fernando writes in: + At the university I'm attending, you get back whatever was left over after paying the semester's costs. Some of the money I got back was a federal loan, and I wanted to know which would be smarter: + 1. Return all or part of the loan to the govt. + 2. Or put that money into a high interest saving account (e.g., savings account, Certificate of Deposit) + You've got to beat the loan's interest rate plus inflation. Using core inflation of 3% as a benchmark, plus the 6.8% fixed rate, you've got to beat 9.8% annual returns to make it worth keeping the money and investing it - tough to do since most savings accounts return about 4.5% and CDs around the same Podsafe Music + Brian Setzer Orchestra, One More Night Reminders + Add the show to your iTunes by visiting http://www.FinancialAidPodcast.com/itunes/ + Register for PodCamp Boston for free + Private student loans available at any time - visit AlternativeStudentLoan.com + Stafford federal student loans at StaffordLoan.com + Student loan consolidation at StudentLoanConsolidator.com + FAFSA form tutorials and free help at FAFSAonline.com + Financial Aid Podcast Show Notes at FinancialAidPodcast.com . + The Financial Aid Podcast is a publication of the Student Loan Network . I want to hear from you! Email me at financialaidpodcast {at} gmail {dot} com, visit http://www.FinancialAidPodcast.com, or call 206-350-1208. Direct MP3 file download: MP3 file Technorati Tags: financial aid financialaidpodcast
Audio|Mon, 10 Sep 2007|More from Financial Aid Podcast Free MP3 Internet Radio
FAP527: How to fix your credit report, direct to consumer marketing, monthly scholarship, NJHESAA, David McMillin
FAP527: How to fix your credit report, direct to consumer marketing, monthly scholarship, NJHESAA, David McMillin Student Financial Aid News + The direct to consumer storm has begun - some less reputable student loan companies have allegedly begun sending out very aggressive marketing packages to students since they can no longer market to financial aid offices + It is illegal for a federal student loan company to offer you a gift of value in exchange for a loan application - called quid pro quo, or this for that + It is not currently illegal for a private student loan company to offer you gifts in exchange for a loan application, but it is kind of sleazy + Terminology: federal student loans can be direct or FFELP, though the media calls the latter private. Companies offering federal student loans can be private, like the Student Loan Network or Sallie Mae, but the federal loans are still government student loans. Private student loans are a different type of loan, not guaranteed by the government. I sense a blog post about this later today. + Disclosure: the Student Loan Network does not offer gifts of value beyond the free Financial Aid Newsletter , Financial Aid Podcast , blogs, and other informational resources like our scholarship search secrets eBook , and all free materials are made freely available whether or not you choose to use our services + Students already receiving lots of student loan consolidation marketing schemes with letterhead and ads that look like bills - don't be fooled. Know who your lenders are - learn more about NSLDS and credit reports, and how to see your loan info + Check out your credit report - see who's been buying your personal information + Want to reduce junk mail? Check out the FTC's page on opting out of prescreened lists offered by credit bureaus + From Inside Higher Ed : Until now, the evolving controversy surrounding the federal student loan programs has focused mostly on the relationships between lenders and colleges and between lenders and federal officials. But now state guarantee agencies are being drawn into the fray, with Friday’s announcements that Sen. Edward M. Kennedy and New Jersey’s attorney general were investigating arrangements in which two lenders paid that state’s student loan guarantor millions of dollars for loans that the agency helped direct the lenders’ way. + Kennedy’s office released documents Friday showing that the New Jersey Higher Education Student Assistance Authority, one of 23 state-based agencies that guarantee loans provided by private lenders in the Family Federal Education Loan Program and provide a range of other services to colleges and students, had arrangements with Sallie Mae and the National Education Loan Network in which it received a cut (1.4 percent and 1 percent, respectively) of the volume of each loan referred to the lenders by the state agency. + The agreements, which the state agency ended on April 20 as scrutiny of the arrangements grew, has since 2000 brought the state agency $2.2 million a year from Sallie Mae and a lesser amount from Nelnet , according to The Star-Ledger of Newark, which first reported on the arrangements last week. + Oh yeah, PodCamp got a nice mention in Businessweek Scholarship Update + College Prowler monthly scholarship submitted by Heather + Submit Your College Application Essay and Win $1,000 and 10 College Prowler guidebooks! A New Winner Chosen Every Month! College Prowler and Wachovia are prowling around for the best college application essays in the nation. Have you written an essay for any of your college applications? If so, submit it to the College Prowler - Wachovia Monthly Scholarship and you could win $1,000 along with 10 free College Prowler guidebooks to ensure you're choosing the college that's right for you. + Don't have a college application essay? Submit an essay you wrote for one of your classes- just make sure it's 1000 words or less. + Qualifications: + Applicant must be a current high school or college student. + Applicant must submit a college essay that is their original work. + Deadline: To qualify for each month's contest, submit your essay by the last day of the month at 11:00 pm. (For example, the May 2007 contest deadline is May 31 at 11pm) + Details at our free college scholarship search site News You Can Use + How to patch up your credit report + Vital to get your credit in great shape prior to applying for a PLUS loan or a private student loan + First, get a copy - check out our tutorial and screenshots at StudentLoanConsolidator.com + Review your credit report for inaccuracies + Make a spreadsheet and a folder + Make a list of inaccuracies or errors + Prepare a letter for each of the three credit bureaus documenting what's wrong + Prepare a letter for each of the entities involved + Send it via a documentable delivery service - certified mail, UPS, Fedex, etc. + Credit bureaus have 30 days to make corrections or delete information + They are then required to send you a report of the results and a free, updated copy of your credit report, as well as notify anyone who made a hard inquiry in the last 6 months + Check out the tutorial on StudentPlatinum.com for more Promo + Tomorrow night, New England Podcasting meetup at 7 PM at the Paradise Lounge in Boston + Come and hang out - there is an $8 cover charge, but we might be able to do something about that Podsafe Music + David McMillin, Goodbye Southern Skies + Music via the Podsafe Music Network Reminders + Private student loans available at any time - visit AlternativeStudentLoan.com + Stafford federal student loans at StaffordLoan.com + Student loan consolidation at StudentLoanConsolidator.com + FAFSA form tutorials and free help at FAFSAonline.com + Financial Aid Podcast Show Notes at FinancialAidPodcast.com . + The Financial Aid Podcast is a publication of the Student Loan Network . Questions? Comments? Suggestions? Email me at financialaidpodcast {at} gmail {dot} com, visit http://www.FinancialAidPodcast.com, or call 206-350-1208. AIM: FinAidPodcast Add me to your iTunes by visiting http://www.FinancialAidPodcast.com/itunes/ Direct MP3 file download: MP3 file Technorati Tags: financial aid financialaidpodcast
Audio|Mon, 7 May 2007|More from Financial Aid Podcast Free MP3 Internet Radio