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The University of Phoenix's student loan default rate for fiscal 2008 was 12.9 percent and accounted for 70 percent of defaults attributed to Arizona. (Cronkite News Service Photo by David Rookhuyzen)
Northern Arizona University student Tyler Dowden speaks during a news conference on Capitol Hill in Washington on March 13, 2012. The event was to announce the collection of over 130,000 letters to Congress to prevent student loan interest rates from doubling last July, as scheduled. A one-year extension was passed, and students this year -- awaiting a July 1 rate increase date -- are hoping government leaders will act again in 2013 on their behalf. (AP Photo/Manuel Balce Ceneta)
The ongoing credit crunch has tightened the purse strings on current and future students seeking college loans.
LOOKING FOR SOME HELP: Students stand in line at the student financial services office on the Mesa Community College campus.
The nation’s largest student loan provider will stop offering perks to college employees as part of a settlement announced Wednesday in a widening probe of the student loan industry.
Arizona leads the nation for the rate of federal student loan defaults at 9.8 percent at a time when the economy struggles to recover.
Altier Credit Union is courting East Valley residents with increased access and a new higher-education loan program.
PLASTIC POWER: Altier Credit Union members can use its bank card, as shown by branch manager Sarah Blake, to conduct business at ATMs in 7-Elevens. PHOTO ILLUSTRATION BY RAPLH FRESO
April 20, 2005
SLM Corp., better known as Sallie Mae, has agreed to purchase Southwest Student Services Corp., a Gilbertbased college student loan company, for $500 million, the companies announced Thursday.
Putting herself through school, Shayna Stevens relies heavily on student loans to pursue a degree in secondary education at Northern Arizona University.
FILE-In this May 20, 2011, file photo, graduates from various institutions toss their hats in the air in Philadelphia. Many graduatues are burried in student loans, but Joe Mihalic, a business school graduate paid off $90k in student loans in 7 months and blogged about his experience at NoMoreHarvardDebt.com. (AP Photo/Matt Rourke, File)
WASHINGTON (AP) — Risky lending caused private student loan debt to balloon in the past decade, leaving many Americans struggling to pay off loans that they can't afford, a government study says.
Access to higher education is the great societal equalizer and what ultimately makes the American Dream possible. It’s what gives every parent hope. And for kids who grew up poor like me, it’s what allows us to achieve success.
Access to higher education is the great societal equalizer and what ultimately makes the American Dream possible. It’s what gives every parent hope. And for kids who grew up poor like me, it’s what allows us to achieve success.
WASHINGTON (AP) — The White House and key lawmakers are considering reductions in student loan subsidies, farm payments and support for federal workers' pensions as they search for cuts that can clear the way for an increase in the national debt limit, according to officials in both parties.
A U.S. Department of Education report lists Arizona as having the nation’s highest rate of student loan defaults, but where the state really stands comes down to how you view the numbers.
Senate lawmakers on Thursday narrowly rejected a measure limiting Gov. Janet Napolitano’s power to choose which organizations can issue state-authorized low-interest student loans.
The top two Senate Republicans are pushing a bill that would strip the governor’s authority to select Arizona’s state-authorized student loan provider, creating a nine-member commission to do it instead.
The price of a college education jumped this month with the introduction of higher interest rates on federally guaranteed student loans.
Mismanaging your student loans is so 2004. Avoiding these five financial faux pas can keep you from flushing money down the drain.
A 62-year-old Mesa man faces up to 20 years in prison after pleading guilty Tuesday to stealing more than $300,000 in student loans by assuming the identities of prison inmates.
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