Education Related Topics and Issues

SallieMae announced today that it’ll be originating up to $20 billion in student loans which will be insured by the U.S. Gov. 

This is good news for those needing financing for their higher education. They will issue the loans under the Stafford and PLUS education loan programs. Under those programs – the U.S. Gov agrees to buy the loans that they are not able to resell. This enables SallieMae to keep steady cashflow to keep the loans going.

This was good news today and the stock went crazy as investors worried earlier that the credit crunch would cut into SallieMae’s business. So this year – the stock has taken a beating, but today it went up more than 10%. Other bank stocks weren’t so lucky.

SallieMae announced weeks ago that it was going to stop funding K-12 student loans which are not guaranteed by the Gov. This is going to have huge effects through the private education industry.  A good portion of parents need that financing to send there child to private school. Enrollments at many private K-12 schools are dropping from last year enrollment numbers.

We’ll keep an eye on it and keep you posted on any news.

Thanks!

Well…this is my first blog post here on my new edublogs.org blog! Welcome!

I’m getting used to the layout on the backend right now and will be posting some better content in the near future. I’ll be working on adding quality sites to my blogroll, creating categories, and coming up with a list of ideas for topics to cover. A million and one ideas going through my head at this point and not enough time to cover it all.  I hope you check back soon!

By the way…if you don’t have one of these education blogs at edublogs.com you need one – or you can get one at wordpress.com – either way it looks pretty much the same, but the only thing that changes is the domain. On either on of the services you can add a domain name to your blog – visit the following site for cheap domain names. Then you can attach it to your site for $15 and there you go! I’m going to try to find a good domain to get started, but until then I’ll be working from the subdomain.