FAP727: CLC exits, Free Stuff Friday

17 March 2008 0 views No Comment

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Student Financial Aid News
+ Chronicle: Fifty states, the federal government, and thousands of American colleges and universities are about to face a test of their commitment to higher education, at a time when the country is under economic stress and high-school graduating classes are about to crest.
+ While the official “recession” label has not been used, the news broke on Wednesday that the American economy slowed to a crawl in the last quarter of 2007, growing only 0.6 percent. That’s not the negative number of a recession, but a lower one than many economists expected.
+ HEWI: The College Loan Corporation (CLC), the 8th largest FFELP lender, has decided to exit the FFELP business, effective March 1, 2008.
+ In a statement to HEWI from Cary Katz, the company’s CEO, Katz states that “recent Congressional action has decimated the Federal Family Education Loan Program, essentially making it impossible for midsized companies like College Loan Corporation to participate in the federal loan marketplace. In addition, continuing disruptions in the credit markets have compounded the impact of the legislation. After careful consideration, College Loan Corporation will cease making new FFELP Loans on March 1, 2008. We will honor all second and third disbursements to our customers and continue to manage our existing loan portfolio.”
+ If you are a CLC customer or attend a school where CLC is the preferred lender, the Student Loan Network is happy to help you, too
+ Stafford federal student loans at StaffordLoan.com
+ Parent PLUS loans at ParentPLUSLoan.com
+ Student loan consolidation at StudentLoanConsolidator.com
+ Private student loans at PrivateStudentLoans.com
+ Personal finance first aid kit

Scholarship Update
+ Deadline April 15, 2008
+ Applicable Schools: Any regionally or nationally accredited college, university or vocational school.
+ Participants must maintain a blog at the ProgressiveU website during contest period in order to be eligible. Winners are based on total accumulated points as of June 30, 2008 with points awarded for each blog entry and comment accepted for posting to the website and for each read of a participants blog entries by members and visitors.
+ Contest begins February 15th, 2008 and runs through June 30, 2008. Users must be registered by April 15, 2008 in order to be eligible for this semester’s contest.
+ Details at our free college scholarship search site

Free Stuff Friday
+ Personal Task Manager for Windows
+ Sun Presentation Minimizer
+ Vidalia + Tor
+ PixelCryptor
+ Put Vista on a diet with vLite
+ Flickr on your desktop with 1001
+ 13 most overlooked tax deductions from Yahoo Finance

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Reminders
+ Student Loan Network $10,000 Scholarship – Apply in 32 seconds or less!
+ Financial Aid Podcast Show Notes at FinancialAidPodcast.com.
+ Discuss this episode at the Financial Aid Forum!
+ Free scholarship search secrets eBook at StudentScholarshipSearch.com/ebook
+ FAFSA form tutorials and free help at FAFSAonline.com
+ Stafford federal student loans at StaffordLoan.com
+ Student loan consolidation at StudentLoanConsolidator.com
+ Private student loans available at any time – visit PrivateStudentLoans.com
+ The Financial Aid Podcast is a publication of the Student Loan Network.