FAP635: Student loan legislation impact, Free Stuff Friday, Douglas Spotted Eagle
Student Financial Aid News
+ Chronicle: With a flourish of his pen, President Bush signed into law on Thursday legislation that will provide the largest increase in federal student aid since the GI Bill, while sharply cutting government subsidies to student-loan providers.
+ The new law, which goes into effect on Monday, the first day of the 2008 fiscal year, will slash government subsidies to student-loan companies and use the savings to reduce the federal deficit, raise the maximum Pell Grant to …

FAP634: Sallie Mae Deal Falls Apart, Mail Bag, Rich Palmer
Student Financial Aid News
+ From the Chronicle of Higher Education and virtually every other business wire: A $25-billion takeover of Sallie Mae that was announced in April was called off on Wednesday, the victim of a new law that will cut federal subsidies to student-loan providers.
+ President Bush is planing to sign the law, the College Cost Reduction and Access Act of 2007 (HR 2669), today. Among other things, the law will cut subsidies to for-profit lenders by 0.55 percent (The …

FAP633: Expert interview with Yvonne Gittens 2: How to get into MIT, Audiopharm
Listen now:
[audio:http://media.libsyn.com/media/financialaidpodcast/20070926.mp3″>MP3 file
Expert Interview
+ Part 2 of the Yvonne Gittens interview
+ Ever wondered what a top school like MIT looks for in applicants? She’ll tell you, plus how much consideration you actually get in the admissions process – it’s different than you might imagine!
Promo
+ Private student loans from ActEducationLoans.com
Podsafe Music
+ Audiopharm, Last Ride
Reminders
+ Private student loans
+ Stafford loans | Other federal student loans
+ Student loan consolidation at StudentLoanConsolidator.com
+ FAFSA tutorials and free help
+ Financial Aid Podcast Show Notes …

FAP632: 7 steps to career growth, Sallie Mae, Adrina Thorpe
Student Financial Aid News
+ BankNet360: Sallie Mae said Friday that it expects Bank of America and JPMorgan Chase to “honor” the terms of their contract to purchase Sallie Mae.
+ The purchasing group includes two private equity firms, J. C. Flowers & Company and Friedman Fleischer & Lowe. Sallie’s statement made no direct references to the hedge funds in its statement.
+ The banks, which had agreed to buy Sallie Mae for $25 billion, plans to return to the negotiating table and seek …

I’ll be presenting on Tuesday night at Emerson College on the topic of Social Networking and career search. In anticipation of the short 20 minute talk I’ll be giving as part of a panel, I’ve put together a small slide deck for participants and attendees.
Download the slide deck in PDF format.
Many thanks to Amanda Mooney and Bryan Person for creating this opportunity to discuss cutting edge social networking ideas for boosting your career.

I’m making some changes around here at the Financial Aid Podcast. One of the biggest changes you’ll notice is that I actively encourage you to now get the show every day by email. After doing some thinking about RSS and email, I’ve decided to promote email as the way to get the show every day for a couple of reasons.
First, email is EASY. Just about everyone gets email. Folks who are new to computers and the Internet intuitively grasp email. Folks new to podcasting don’t need more technical hurdles to …

FAP631: Free stuff Friday for the iPhone, Sallie Mae, Dollars, Natives of the New Dawn
Student Financial Aid News
+ NYTimes: The consortium that had agreed to buy Sallie Mae for $25 billion plans to return to the negotiating table and seek a lower price, people close to the group said yesterday. If the group fails, it may move to scuttle the deal.
+ The buyers — the private equity firms J. C. Flowers & Company and Friedman Fleischer & Lowe, as well as two banks, JPMorgan Chase and Bank of America — …

FAP630: Federal funds rate change, mail bag, Matthew Ebel
Student Financial Aid News
+ Chronicle: Senate bill S 1561 currently in the Judiciary Committee, would allows private student loans to be discharged in bankruptcy
+ 5 year wait time in proposal
+ Big econ news: FOMC cuts funds rate by 50 basis points on Tuesday
+ What does this mean for you?
+ Any loan based on the prime rate is based on the federal funds rate
+ Funds + 3% = Prime
+ Credit cards, mortgages, even some student loans
+ LIBOR, which powers Act Education Loans, is …

FAP629: Expert Interview with Yvonne Gittens, new Matthew Ebel single
Expert Interview
+ First half of an interview with Yvonne Gittens, the now retired director of financial aid at MIT, the Massachusetts Institute of Technology.
+ Yvonne offers some great scholarship and financial aid tips in this interview
+ Part 2 next week
Podsafe Music
+ Matthew Ebel, Lost My Way
+ Pre-order the album Goodbye Planet Earth
Reminders
+ Private student loans
+ Stafford loans | Other federal student loans
+ Student loan consolidation at StudentLoanConsolidator.com
+ FAFSA tutorials and free help
+ Financial Aid Podcast Show Notes at FinancialAidNews.com.
+ The Financial …

FAP628: Facebook owns your life, private student loans, Rebecca Loebe
Click here to download the MP3 file
Student Financial Aid News
+ NASFAA: “Kimberly Cummings remembers last spring when a young women walked into her office at Montana State University, concerned about having $40,000 in private student loans and an interest rate of 19 percent,” reports the Bozeman Daily Chronicle. “‘What is going on?’ wondered Cummings, who works for the nonprofit Student Assistance Foundation, counseling students on college loans. What’s going on is an explosion in private student loans. And that has people …