Notice: Undefined index: articledetail in /home/utils/securefiles/securecode/utl_article.cls.php on line 646
PHEAA Suspends New Loans |
College Loan Consolidation, Federal Loan Consolidation, Private Loan Consolidation, Student Loan Consolidation

America's Top Student Loan Provider

News in Brief

PHEAA Suspends New Loans
Beginning March 7, 2008, the Pennsylvania Higher Education Assistance Agency will no longer fund new federal loans. The state agency announced this is a temporary suspension and will continue its guaranteeing, origination, and servicing of FFELP loans. The change only applies to the issuing of new FFELP loans with the agency's own funds. In a statement issued February 28, 2008, PHEAA cited the failure of securities auctions as the impetus for the suspension of FFELP loans, but it hopes to resume business as usual if the capital markets stabilize.

Loan Forgiveness Program for Medical Students
Congress recently added a new loan forgiveness program for medical students to the Higher Education Act (HEA). The program was introduced upon the reauthorization of the HEA and seeks to ease medical students' debt, which averages $140,000. However, the new loan forgiveness program sets a limit of $10,000, or $2,000 annually for a maximum of five years. The American Medical Student Association is pleased with the steps being taken to assist medical students but has made it clear forgiveness of $10,000 is not sufficient and more programs are needed.

Brown University Amends Financial Aid Programs
Brown University has decided to follow many other Ivy League schools by expanding its financial aid programs. Brown University will expand the amount it spends on financial aid by 20%. Now, students from families earning less than $60,000 will not have to make any contributions. Brown University follows Harvard, Yale, and Stanford, among others, in boosting the financial aid it provides to students. Brown added that its tuition will increase at a slower rate in the future.


Article Title : PHEAA Suspends New Loans
Comment not found for this article.

Share this story:
  • BlinkList
  • blogmarks
  • Digg
  • Facebook
  • Google
  • Sphinn
  • MySpace
  • NewsVine
  • Simpy
  • StumbleUpon
  • Technorati
  • E-mail this story to a friend!
  • Print this article!
  • Faves
  • Furl
  • Netvouz
  • Slashdot
  • Spurl
  • Yahoo! Buzz

EdFed introduces… Awareness… Learnal
At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
Click here to sign up for our Weekly Newswire now!

How EdFed Helped others!
Thank you so much EdFed for handling my student loan consolidation, Your customer service team helped me through the E-sign process and I didn't have to deal with the hassle of snail mail and paper work. I definitely recommend you to friends and family.
- Mark C.  Cincinnati, OH
* Your Name: * Your E-mail Address:

We respect your privacy.
* Your Friend's name: * Your Friend's E-mail address:
Include a Message:
+ Privacy Policy

Student Loan Consolidation Info - How to Choose the Right Loan Company

This column is sponsored by Granted, America's top job search engine. The Career Resources column is presented by Granted, America's leading job search engine dedicated to getting people jobs.

Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

read more
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

news desk
Stafford Loan Payment Calculator
PLUS Loan Payment Calculator
Loan Consolidation Payment Calculator
Glossary of Terms
Loan Comparison Chart
Scholarship Search
Federal loan consolidations are guaranteed by the government, and they carry the same protections and benefits as your federal student loans.
US School Directory
Comprehensive List of Schools at which EdFed Assists Students.
EdFed is a FFELP lender with lender identification number 834241.
© Copyright 2020 EdFed. All Rights Reserved.

Home · About Us · Contact Us · News · Sitemap
Career Advice · Tell a Friend · Privacy Policy · Resume Service
Resume Distribution Service · Post Resume · Job Search Course
Sign up for the latest news on student loans.
Email Address:
+ Most Recent Newsletter
+ Newsletter Archives