Bill proposal would subject student loan issuers to open meetings law (Missoulian)
HELENA - Rep. Dan Villa, D-Anaconda, said Thursday he will sponsor a bill in 2009 to require issuers and administrators of student loan bonds to be subject to the state’s open meetings law and legislative audits.
School loan consolidation program suspended (Billings Gazette)
HELENA - Another cost-cutting step will affect Montana students borrowing money to attend college.
School loan consolidation program suspended
HELENA - Another cost-cutting step will affect Montana students borrowing money to attend college. The board of directors of the Montana Higher Education Student Assistance Corp. has voted to suspend its federal student loan consolidation program. …
Sallie Mae Stops Student Loan Consolidation, Will No Longer Pay Origination Fees On Stafford Loans [Education]
Consolidation loans are no longer profitable for Sallie Mae, so it’s saying goodbye to them. SmartMoney points out that ultimately this shouldn’t matter for students taking out new loans, since the original point of consolidation converting lots of variable rate loans into a nice predictable fixed rate loan is no longer relevant (all federal student loans are now disbursed with fixed interest rates.) SmartMoney says if you still have variable rate loans you need/want to consolidate, check out t