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Capitol Alert: Federal government blocks EdFund sale, terminates operation
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Fri, 30 Jul 2010 12:01:07 -0700
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The U.S. Department of Education has blocked California's attempt to sell its student-loan guarantor, EdFund, and plans to sever ties with the Rancho Cordova-based operation by October, according to a letters obtained by The Bee.
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Changes to make federal student loan processing faster
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Fri, 30 Jul 2010 00:13:56 -0700
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For college students looking to apply for federal financial aid, the process of securing a federal loan this school year will be faster and more streamlined, but despite big changes in how the U.S. government runs the program, impacts on students should be minor, financial aid officials at colleges here say.
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Feds Block Schwarzenegger's Plan To Sell EdFund
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Fri, 30 Jul 2010 20:45:19 -0700
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Federal officials are blocking Gov. Arnold Schwarzenegger's plan to sell the state's student loan guarantee operation to help address California's $19 billion deficit. Schwarzenegger had initially hoped to sell the nonprofit EdFund for as much as $1 billion to help fill the state's budget hole when he introduced the proposal three years ago.
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Feds block Schwarzenegger's plan to sell EdFund
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Fri, 30 Jul 2010 18:25:42 -0700
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Associated Press - July 30, 2010 9:14 PM ET SACRAMENTO, Calif. (AP) - Federal officials are blocking Gov. Arnold Schwarzenegger's plan to sell the state's student loan guarantee operation to...
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U.S. vows to block California's sale of EdFund
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Sat, 31 Jul 2010 00:01:58 -0700
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In these dismal economic times, Gov. Arnold Schwarzenegger has likened selling state assets to holding a garage sale to pay bills.
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Lawyer in Hutaree case being sued for allegedly defaulting on student loan
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Wed, 28 Jul 2010 13:26:26 -0700
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A lawyer who was recently in the national news as he successfully argued for the release of a Hutaree militia member awaiting trial is being sued for allegedly defaulting on a student loan. The federal government filed suit Monday against......
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Subprime Colleges, Revisited
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Fri, 30 Jul 2010 08:27:38 -0700
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The Senate will hold its second committee hearing next Wednesday on the status of for-profit education in the United States. Enrollment at for-profit colleges and trade schools has tripled in the last decade to about 1.8 million, or nearly 10 percent of the nations higher education students.
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Expanded Tax Relief on State Loan Repayment, Forgiveness Programs Benefits Physicians, Medically Underserved Individuals
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Tue, 27 Jul 2010 15:50:53 -0700
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Physicians who have received student loan forgiveness as an incentive to practice in medically underserved areas of their states may be eligible for some relief from federal income taxes on those loan amounts. Under Section 10908 of the new Patient Protection and Affordable Care Act, an existing tax exclusion has been expanded to include health professionals in 16 states who are enrolled in ...
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Some people can't get credit? Good!
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Fri, 30 Jul 2010 16:32:38 -0700
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Credit is a useful financial tool -- when it is extended and used responsibly. But given too freely, credit can wreak havoc on the whole economy. Where's the line?
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Sallie Mae to Go on the Chopping Block?
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Wed, 28 Jul 2010 04:42:38 -0700
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Is Sallie Mae headed for a break-up? According to The New York Post the student lender hired Goldman Sachs to advise on a sale or spinoff of its student-loan servicing business and its $145 billion government-subsidized loan portfolio.
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