CIT Announces First Quarter Results (Student Loan)

CIT Announces First Quarter Results
NEW YORK, April 19 /PRNewswire-FirstCall/ -- CIT Group Inc. ( Nachrichten ) today reported diluted earnings per share of $1.12 for the quarter, up 14.3% from last year (excluding gains on derivative contracts that were subsequently terminated in the fourth quarter of 2005). Net income was $229.7 million for the first quarter, up from $227.6 million last year ($211.9 million excluding gains on

Borrowers can consolidate student loans
Question: I hear student loan rates are going up. How do I avoid paying higher rates? Answer: The repayment interest rate for Stafford loans will increase from 5.3 percent to 7 percent beginning July 1. The rate for new Stafford loans will increase to 6.8 percent.

Round Three Ends A.S. Debates
With more students in attendance than last week, yesterdays electoral debates for the Associated Students External Vice President of Statewide Affairs and A.S. President featured questions from both the A.S. Elections Committee and students.

Elite boarding schools offering more financial aid
(Boston - AP) - Some of New England's elite private boarding schools are offering more financial aid to students from lower-income families. The goal is reverse the perception that they are only for children of wealthy families.

Durbin visits campus, discusses federal aid bill
Illinois Sen. Dick Durbin (D-IL) visited campus Tuesday to introduce a bill he authored that would aid students in obtaining federal financial aid. The Reverse the Raid on Student Aid Act of 2006, introduced on April 7, is an answer to $12 billion in cuts made in congress that will eliminate Perkins Loans and affect consolidation options for students.