Sunday, October 02, 2005

Area bankruptcy filers usually deep in credit card debt


Area bankruptcy filers usually deep in credit card debt
Toledo Blade, OH - 9 hours ago She filed in July for Chapter 7 liquidation with $2,135 in assets and $95,391 in liabilities, most for credit card debt and a $25,000 student loan.

Sallie Mae bid for state-run student-loan business
Miami Herald, FL - Sep 1, 2005 HARRISBURG, Pa. - Sallie Mae's $1 billion offer to take over the state's student loan agency has expired, the for-profit student-loan giant said in a letter.

Fitch Rates SLC Student Loan Trust 2005-2 Issue
Business Wire (press release), CA - Sep 28, 2005 NEW YORK--(BUSINESS WIRE)--Sept. 28, 2005--Fitch rates the following floating-rate student loan asset-backed notes issued by SLC Student Loan Trust 2005-2:

American Education Services Achieves All-time Low Student Loan
PR Newswire (press release), NY - Sep 28, 2005 28 /PRNewswire/ -- American Education Services (AES) announced today that the agency has achieved an all-time low student loan cohort default rate.

Fitch Ratings Upgrades Various SLM Student Loan Trusts
Business Wire (press release), CA - Sep 30, 2005 NEW YORK--(BUSINESS WIRE)--Sept. 30, 2005--Fitch Ratings upgrades the following classes of the notes issued from various SLM Student Loan Trusts:

ACS Awarded Renewed Contract for Student Loan Servicing and Tax
PR Newswire (press release), NY - Sep 26, 2005 information technology outsourcing solutions, announced today that it has been awarded a renewed, three-year contract to provide student loan servicing, tax