CARBONDALE - Southern Illinois University Carbondale took action a few years earlier to remove itself from student credit card solicitation - a problem that embroiled many major universities."Southern Illinois University does not allow credit card companies on campus to solicit to students. The university does not sell names to credit card companies," said Rod Sievers, SIU chancellor's office spokesman.

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Rutgers probed over $15,000 fee from lender

Law enforcement authorities are investigating whether Rutgers University's athletic department got kickbacks for promoting a private student loan company on its Web site.

(AFX UK Focus) 2007-08-08 04:04 GMT: MGIC says it can back out of Radian deal

MILWAUKEE (AP) - MGIC Investment Corp. said Tuesday it does not believe it has to complete its purchase of Radian Group Inc., after their joint interest in a mortgage investor became all but worthless.

The stock deal was originally valued at nearly $4.9 billion, but shares of both companies have lost more than half their value since it was announced Feb. 6. The deal would exchange 0.9658 share of MGIC for each Radian share, and it valued Radian at $60.78 per share, three times the current price.

Trading of both companies' shares was halted Tuesday on the New York Stock Exchange. MGIC rose $1.60, or 4.8 percent, to $34.88 before the halt, while Radian slipped $2.38, or 10.3 percent, to $20.85.

Last week, private-mortgage insurer MGIC Investment and credit risk manager Radian Group revealed their investments in subprime mortgage investor C-Bass LLC could be worthless.

Welcome to Public Opinion - Chambersburg, PA

In a case of liberal effrontery punctuated by bad economics, Roscoe Barnes, on behalf of the Public Opinion editorial board, laments in an editorial July 21 called, "Lessening sting of tuition increases," the rising costs of higher education and argues that expanding the scope of government is the best way to fix the problem.

Never mind the fact that college education remains one of the finest investments a young person can make. The median cost of attending college for four years is just over $80,000 at private schools and $20,000 at public ones. The average return, during a lifetime, of earning a bachelor's degree over a high school diploma is approximately $1.3 million.

And never mind the fact that, by any objective standard, college students are already exceptionally well-funded.

Blue Label Financial Launches and Empowers Students With Federal Loan Consolidation Program

Blue Label Financial eliminates the role of the marketing middleman, and takes the role of becoming a direct lender to consolidating existing student loans.

(PRWEB) August 6, 2007 -- Blue Label Financial recently launched into the student consolidation loan market and moved into permanent offices May '07. President Jesse Freitas said: "We recognized that graduates with Federal student loans often find loan payments plus normal expenses of rent, transportation, etc. greater than their income from a new job. Or, students simply don't have enough disposable income to relieve financial stress. A loan consolidation offers students the opportunity to reduce monthly loan payments by approximately 50% and better manage their debt obligations. This is a rapidly growing market we want to participate in.