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Consolodate Graduate Student Loans Stories

CIT Group Sells Student-Lending Business to Nelnet

Business lender CIT Group Inc. agreed to sell its student-lending business to Nelnet Inc., which is buying the federal family education loans and related assets for $3.6 billion. The deal, which both companies announced in separate filings with the Securities … Continue reading

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Tuition.io Picks Up A New Investor, As It Manages Over $1 Billion In Student Loans

In the year since its launch, Tuition.io, the company billing itself as the Mint.com for managing student loans, has grown to manage over $1 billion in loans. The company, which provides a monitoring and management service for student loan payments, has just picked … Continue reading

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BUDGET 2014: $600m a year: Are interest free student loans value for money?

In 2013 we saw the average cost of providing student loans increase to more than 40c per dollar lent. This is forecast to increase to 42c by 2016/17, which equates to an annual cost in excess of $600 million.  In … Continue reading

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Sallie Mae faces probe for massively ripping off soldiers on federal student loans

View photo . Sallie Mae faces probe for massively ripping off soldiers on federal student loans Sallie Mae is in danger of losing lucrative loan servicing contracts with the U.S. Department of Education and some of its high-level employees may … Continue reading

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How to pay off debt and save for the future

Phil and Candace Ranjan are smart people. In fact, the two chiropractors have four university degrees between them. And for a young married couple still in their 20s, they also have a healthy combined income of $110,000. But the pair, … Continue reading

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CIT to Sell Student Lending Unit to Nelnet for $1.1 Billion

CIT Group Inc. (CIT), the commercial bank run by John Thain, agreed to sell its student lending business to Nelnet Inc. (NNI) for about $1.1 billion. Most of the proceeds will be used to repay debt secured by student loans, … Continue reading

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Muslim students divided on sharia-compliant loans

Muslim students are divided about government moves to introduce student loans that comply with sharia law. While some have welcomed university minister David Willetts’ recent announcement of an open consultation on the issue, others feel indifferent or oppose it altogether. … Continue reading

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School’s Out: Only 20% believe that student loans are a good investment, down from 54% in 2012

Mintel. (PRNewsFoto/Mintel) CHICAGO, April 17, 2014 /Emag.co.uk/ — Even as the country’s total consumer debt decreased 8% from Q1 2009 to Q4 2013, total student debt rose 63% over the same time frame, far outstripping the growth in auto loans, … Continue reading

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Student Loans Lead Consumer Debt — Surprise!

If your browser does not automatically forward you to http://business-news.thestreet.com/philly/story/student-loans-lead-consumer-debt-surprise-0/1, please click here. Article source: Article Source

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Income Share Alternatives To Student Loans Could Reduce Graduate Debt

HUNTSVILLE, Ala. (WHNT) – If you are out of college and still paying off student loans, you’re not alone. Student loan debt in America has ballooned to more than a trillion dollars. But what if you could avoid the debt … Continue reading

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