College sophomore Nick Philliou admits he's not in the best financial shape these days.
A new study shows some college students are accumulating record credit card debt. CNN's Elaine Quijano reports.
An increasing number of students aren't making their student loan payments according to the Department of Education.
The Federal Reserve is expected to cut interest rates today. That would be the ninth consecutive rate cut this year. Here's what this means to your wallet.
Many parents and students are making the mistake of paying for higher education with the help of credit cards
As many as 1 million borrowers from Sallie Mae, the nation's largest student lender, may have seen their credit score plunge overnight after a coding error made some student loan repayments appear delinquent.
For years, financial firms made good money making government-guaranteed loans to college students.
Paying for college is rarely easy, but this year parents and students could have a tougher time securing the necessary financing.
The credit crunch is hitting the college classroom.
Alliance Data Systems is the latest victim of the buyout bust - but it won't be the last.
Stocks continued to decline Thursday as events in Pakistan stoked geopolitical concerns and mixed economic reports highlighted worries about the domestic economy.
Stocks slumped Thursday as investors mulled geopolitical concerns and reports on oil inventories, consumer confidence and factory orders.
U.S. stocks edged higher Tuesday as investors took a breather from credit crunch worries.
Investors appeared ready Tuesday to shrug off the recent wave of credit worries and oil once again near record highs, as stocks were poised to open higher.
Aren't supersmart people oh-so-seductive? They've figured out all the angles - haven't they? But sometimes even the supersmarts could use a little schooling.
U.S. stocks rose early Tuesday as investors were cautiously bullish ahead of the start of the earnings reporting period.
Could we soon see a rival bid for Sallie Mae, the student loan company that's in a nasty public scrap with J.C. Flowers, J.P. Morgan and Bank of America, the three Wall Street titans that agreed this spring to purchase Sallie for $25 billion?
U.S. stocks were set to trade higher at Thursday's open, with investors awaiting a slew of economic readings and interested in talk concerning troubled Wall Street bank Bear Stearns.
Stocks climbed Thursday, as investors bet that a big drop in new home sales and a weak reading on GDP growth will make the Federal Reserve more likely to cut interest rates further.
CNNMoney: Stocks manage gainsupdated: Thu Sep 27 2007 03:41:00
Stocks inched higher Thursday, as investors bet that a big drop in new home sales and a weak reading on GDP growth will make the Federal Reserve more likely to cut interest rates further.
A group of investors that had planned to buy student lender Sallie Mae for $25 billion now wants out of the deal, saying the current economic environment and legislation signed by President Bush on Thursday make the terms no longer acceptable.
The private equity business may be in the midst of a slowdown, but buyout firms are likely to benefit as tougher market conditions force them to train a sharper eye on which companies they buy, according to an industry study.
CNNMoney: Stocks lifted at openupdated: Wed Sep 26 2007 21:32:00
U.S. stocks gained ground in early Thursday trading as investors cheered some economic reports and awaited key data on new home sales.
The planned $25 billion buyout of student lender Sallie Mae was thrown into jeopardy Wednesday after the investors said terms of the deal were no longer acceptable.
The group that agreed to buy Sallie Mae for $25 billion is seeking a lower price for the college loan provider, according to a published report.
Student lender SLM Corp., commonly known as Sallie Mae, said Wednesday its shareholders approved the acquisition of the company by J.C. Flowers & Co., Bank of America Corp. and JPMorgan Chase & Co.
The market is growing more skeptical that already announced buyout deals will get done, another sign of the growing cloud over private equity.
Student loan company Sallie Mae, whose proposed buyers are now threatening to call off their purchase, said Tuesday that second-quarter earnings rose 33 percent, helped by increases in the value of some of its derivatives.
SLM Corp., commonly known as Sallie Mae, said Wednesday the group that agreed to buy the student loan firm for $25 billion told it that current legislative proposals could threaten the deal.
Stocks attempted to hold onto early gains Wednesday afternoon amid renewed subprime fears while investors awaited the latest quarterly earnings.
The lure for private-equity firm J.C. Flowers' $25 billion buyout of student-loan giant Sallie Mae may be its fast-growing and lucrative business providing private education loans -- loans that exi...
For students who plan to borrow for college, choosing a lender has become a lot more complicated.
Late Sunday night, student loan giant Sallie Mae, or SLM Corp. as the company is officially known, became the latest major American corporation to succumb to the advances of private equity. Sallie will be sold to a consortium of two private equity firms - JC Flowers and Friedman Fleischer & Lowe - and two banks that have their own student loan businesses - JP Morgan and Bank of America - for some $60 a share, or $25 billion. That represents a premium of almost 50 percent based on Sallie's stock price before word of the deal began to leak.
The Dow held onto a near 100-point gain as the stock market eased slightly in early afternoon after posting strong gains straight after the open, fueled by a solid start to the earnings season and deals for Sallie Mae and DoubleClick.
CNNMoney: Deals drive the Dowupdated: Mon Apr 16 2007 11:17:00
The Dow jumped about 100 points Monday as a solid start to the earnings reporting period and deals for Sallie Mae and DoubleClick fueled a powerful rally on Wall Street.
Major deals for Sallie Mae and DoubleClick fueled a stock rally Monday as investors also digested a stronger-than-expected reading on March retail sales.
Sallie Mae, the largest U.S. student loan company, might be in talks for a private equity buyout worth more than $20 billion.
Question 1: Next year, we'll be in the market for a home. Please cite any sources I might find useful to help me start my search. - Stephen, Minneapolis
Fortune: Back to schoolupdated: Tue Nov 28 2006 13:54:00
In the corporate world, there's a short list of obvious suspects who may face tougher times under a Democratic Congress, including Big Pharma and Big Oil. Then there are the not-so-obvious suspects...
In the corporate world, there's a short list of obvious suspects who may face tougher times under a Democratic Congress, including Big Pharma and Big Oil. Then there are the not-so-obvious suspects - like what might be called Big Education.
CNNMoney: Student loan mythsupdated: Wed Jun 28 2006 11:18:00
The deadline to consolidate your student loans is two days away...Friday, June 30th.
For millions of Americans, the first big financial decision in life is whether to take on a student loan. Student loans are debt, of course, but they represent something different than credit card debt or a car loan: They are part of a quest for a better future.
We're coming up on a major graduation weekend, and of course many families are wondering what to give their graduate. A copy of "Oh, the Places You'll Go" by Dr. Seuss is great, but it won't really prepare them for the real world. And the real world is coming.
The California attorney general's office is looking into allegations of consumer fraud at student loan financing firm Sallie Mae, according to a report published Tuesday.
It's the end of the school year. The good news? It's the end of the school year. The bad news? It's time for college graduates to begin paying back student loans.
NEW YORK (CNN/Money) - Many Fed watchers anticipate a rate hike by summer and a gradual rising of rates in areas that directly affect consumers. But in at least one rate-sensitive area, interest rates will be setting yet another record low.
Beat the market. That, of course, is the goal of every investor, from midlevel managers trying to goose their IRA's returns to hedge fund managers trying to master the universe. In the pages that...
Money Magazine: Briefly...updated: Sun Jun 01 2003 00:01:00
AUTO INSURANCE Premium hikes this year may average 9% nationally. But there is some good news, says Hussein Enan, chairman of insurance shopping site InsWeb.com. He forecasts that increases will sl...
Interest rates on federal student loans are dropping dramatically on July 1, giving new borrowers, as well as those already repaying loans, a great chance to lock in a low rate--the lowest since to...
Money Magazine: What Else To Refinanceupdated: Tue Jan 01 2002 00:01:00
Mortgages aren't the only loans you can refinance. In today's falling-rate environment, car and student loans have become candidates as well--but only for certain borrowers. Here's what you need to...
Between now and March, parents of many current and future college students will fill out a critical financial aid form: the Free Application for Federal Student Aid (FAFSA), which is required for a...
Are you thinking of going back to school to refresh your computer know-how or enrolling in a financial planning course to acquire new skills? Does the idea of earning your M.B.A. online intrigue yo...
Most of us can easily justify 10 years or more of student-loan payments on the grounds that a college education will pay off. But how about first borrowing for the benefits of a private elementary ...
If you're looking for a way to cut student-loan costs, and the buzz about loan consolidation has left you confused, that's understandable. Over the past nine months, the business of consolidating s...
In the November issue we told you that the overloaded Department of Education had stopped accepting applications to consolidate government-backed student loans. Consolidation can help cash-strapped...
THIS MONTH: --"Smart cards" aren't that smart yet --Why you should join a credit union now --Whether to swing at a bank's insurance pitch
YOU CAN BE PRETTY sure that Mick Jagger, one rock relic the Gen X crowd really digs, wasn't crooning about personal finance when he sang, "Time is on my side." But time is one of the two things twe...
WITH TUITION RISING ABOUT 6.5% A year and Congress assaulting federal financial aid, you might wonder whether your son or daughter can graduate from college without a ball-and-chain debt to drag th...
Nick Whitridge, 57, spent a year near the ocean's bottom as a Navy submariner. Now, as manager of the $140 million Babson Value Fund, he shows a knack for scouring the bottom of the market to find ...
When savings and financial aid fall short of your child's college costs, you can usually borrow the difference. (See the table below for your best loan choices.) Before you do, however, carefully c...
Q. Our 24-year-old retarded daughter recently moved into an apartment with another disabled woman. Both receive Supplemental Security Income (SSI) and Medicaid. How can we leave her some of our est...
When Icarus flew too close to the sun, we all know what happened. Some high- flying Wall Street stocks seem also to have had wings of wax lately. Shares with a history of tremendous earnings gains,...
QUITE A FEW investors, remembering how the Dow Jones industrial average leaped 20% in 1991, took to the stock market dance floor this year expecting to boogie. Yet despite falling interest rates an...
Here's what to do if you want to apply for a federally insured student loan, or if you already have such a loan and are either seriously behind in your payments or have defaulted: -- If you want a ...
Last July, shortly after Lauren Davis, 33, and David Toups, 29, became engaged, they decided to reverse the traditional order of nuptial events by buying the nest before cooing ''I do.'' The New Or...
Whoever said that youth is wasted on the young hasn't been hanging out with people in their twenties lately. Jobs are scarce; two-thirds of the undergraduate class of '91 left campus without full-t...
With your budding scholar just one year away from introductory astrophysics, you may now be contemplating a new definition of infinite: the distance between the amount of money you have on hand to ...
The dollar may stay down for a while, but that's just when long-term speculators sniff opportunity. Some are buying currency exchange warrants, which are the equivalent of bite-size call options on...
Growth companies, those prized greyhounds of the capitalist system, awe investors a lot less than they used to. The premium paid for their stock has shriveled, and therein lies a buying opportunity...
Imagine an investment that produces wide swings in value in the course of a week or even a day but at the same time lets you lock in a predictable rate of return. This seemingly paradoxical investm...
Lending money to needy college students may not sound like an easy way to make big profits, but the Student Loan Marketing Association -- Sallie Mae, for short -- has prospered at it. During the pa...
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