Education Loan - Us Department Of Education Federal Student Loans

Here are the best resources for us department of education federal student loans

Drastic Student Loan Cuts

While most college students were on winter breaks, the US Senate was debating over a bill which included massive student loan cuts. On December 21, 2005 in a 51-50 vote the US Senate passed a bill which included $12 billion in student loan cuts from the federal budget. Vice President Cheney cast the tie-breaking vote, while five Republicans sided with the Democrats who unanimously opposed the bill.

A second blow was wielded this week when the House passed a bill also in favor of the student loan cuts. While 13 moderate Republicans joined House Democrats in a no vote, not enough opposition was gained and the bill passed 216 to 214.

The drastic measure eliminates $2.2 billion in critical funds used to administer the federal student loan programs. Additional changes included a new 1% insurance fee that student borrowers must pay to guarantee agencies and raising the interest rate cap for parents who take out federal education loans for their children from 7.9 percent to 8.5 percent.

The bill outlines a total of $39 billion in budget cuts which besides the student loan cuts, severely reduces Medicaid and Medicare programs for low income and senior Americans. The measure is expected to be signed by President Bush next week.

This measure flies in the face of President Bushs comments in the State of the Union Address on February 1st where he emphasized the importance of education.

Virginia Governor Tim Kaine said, the Republican leadership in Washington is actually cutting billions of dollars from the student loan programs that serve working families, helping to get their children through college.

While opposition to the measure has been strong, Republican leadership ensured that these critical aid programs will be cut.

About the Author: Sandra D. Sims is the Editor & Publisher of http://CollegeFinancialAidGuide.com an online resource for college educational funding including college financial aid information and student loans.

More Useful Resource and Updates on us department of education federal student loans

Not one dime! (Online Journal)
The mystery has been solved.

NEWS: Lenders limit student loans at College (The Dartmouth)
When Lehman Brothers declared bankruptcy on Sept. 15, a number of the bank's employees -- alumni with outstanding student loans -- called Ron Hiser, director of Dartmouth Student Financial Services, to warn him that they did not know whether they would be keeping their jobs.

China faces tough decisions (The Australian)
CHINA'S economy is not, as wrongly rumoured earlier this year, "decoupled" from the rest of the world. And it is set to continue growing reasonably strongly for a few more years.

Prosper Releases Market Survey Results for September 2008 (Business Wire via Yahoo! Finance)
SAN FRANCISCO----Prosper, America?s largest people-to-people lending marketplace, today released results for September 2008. Prosper CEO and Co-Founder, Chris Larsen, discusses what role Prosper will play and what trends we are seeing in the wake of this full blown crash of the global financial system.

Expansions & Relocations (Sept. 28-Oct.4): Biometric Build Up Along I-79 (CoStar Group)
In this week's issue: CSC relocating ID lab to WVa. Tesla Motors plugs into San Jose. Plus, we give you expansion news of: Accero, Allegheny Technologies, BAE Systems, Bausch & Lomb, Children's Mercy Hospital, Cott Beverage, Generali USA, Genzyme,...

Albion's Money Woes (Pleiad)
In recent months, the national news has been flooded with negative information about the economy. Banks seem to be falling one after another like dominoes, while Congress worked to negotiate a $700 billion bailout to keep the remaining companies afloat.

NYS Consumer Protection Board issues "fiscal crisis watch list" for consumers (press release) (WIVB Buffalo)
Even with today's Congressional approval of a $700 billion bailout package, the current fiscal condition has many consumers worrying about their fiscal health. Therefore, consumers may be left vulnerable to opportunistic individuals who try to capitalize on the economic crisis with "get rich quick," lending and other scams.

Offered in October (San Diego Daily Transcript via Yahoo! News)
Two upcoming home remodeling workshops incorporating "green" design will be taught by Sam Chereskin, an Encinitas architect, at San Dieguito Adult Education and MiraCosta College workshops.

Robert Peston (BBC News)
Is there a possible cure out there for the credit crunch?

The Fleecing of America (Baltimore Chronicle & Sentinel)
Over 200 years ago, Thomas Paine wrote a treatise on government in which he said "a republic is supposed to be directed by certain fundamental principles of right and justice, from which there cannot, because there ought not to, be any deviation.

Students.gov
Interagency cooperative effort that provides students and their families with a gateway to Federal government information and services.

Student Aid on the Web
The official home page for the federal student aid programs administered by the US Department of Education. ... FFEL and Direct Loan Interest Rates Effective ...

Financial Aid Resource Publications from the U.S. Department of Education
Grants, loans, and work-study are the three major forms of aid available through ... students must complete a Free Application for Federal Student Aid (FAFSA) ...

Financial Aid - ED.gov
... Parents Teachers Administrators. Financial Aid. Find Aid. Repay Loans ... 60 percent of all student aid, to help millions of students and families pay for ...

U.S. Department of Education - The PIN Web Site
... federal student aid and to access your U.S. Department of ... The PIN Application is for students and parents to apply for a new Federal Student Aid PIN. ...

Free Application for Federal Student Aid (FAFSA)
Official site for the Department of Education Free Application for Federal Student Aid (FAFSA). Includes an online submission form with necessary documents, ...