February 3, 2012
Stef Gray launched an online protest against a $50 loan forbearance fee imposed by private student loan giant Sallie Mae. The fee is $50 per loan for a maximum of $150 per three-month reprieve on payments. Gray, who says she hasn't been able to find a full-time job since graduating last year, launched an online campaign against the fee. So far she's collected more than 78,000 signatures in support. Sallie Mae said yesterday it is revising the fee, adding that this was something it had been thinking about for some time.
November 30, 2011
Richard and Jan Kost, of Richmond, Va., formerly of Bel Air, have announced the engagement of their son, John "JP" Paul Kost, to Nicole Corrine Stevens, daughter of Roger and Diane Stevens, of Front Royal, Va. Nicole Stevens graduated from Warren County High School in Front Royal in 2002 and from Bridgewater College in 2005 with a Bachelor of Science degree in business administration. She was most recently a marketing analyst at Sallie Mae in Reston, Va. The prospective groom is a 1999 graduate of C. Milton Wright High School in Bel Air and a 2003 graduate of the U.S. Merchant Marine Academy at Kings Point, N.Y., with a degree in marine transportation and logistics.
August 28, 2011
Sam Cameron says high school classmates used to give her "funny looks" when she told them she planned to go to a local community college after graduation instead of some prestigious four-year institution. But the 19-year-old, now in her second year at Montgomery College, says she chose the Rockville school because it offered a strong honors program with small classes — and a full scholarship. "It's a very good school," says Cameron, who lives at home with her parents in Ashton.
August 23, 2011
Student loan giant Sallie Mae released some interesting stats from its 2011 study of How America Pays for College. The average amount shelled out for college peaked at $24,097 in 2009-2010 academic year. Families are choosing less expensive schools, such as community colleges, and that figure has dropped to $21,889 for 2010-2011. High-income families reported the biggest reduction in bills, paying $25,760 in the past year, or an 18 percent drop from the year before. Middle-income families saw a slight dip from $22,628 to $21,347.
November 21, 2008
City software firm won't pursue offering Metastorm Inc., a privately held Baltimore software provider, has pulled its public stock offering application. The 12-year-old company said it decided not to pursue the initial public offering due to "market conditions," according to a filing with the Securities and Exchange Commission last week. Weak economic conditions have blocked access to capital and credit. Metastorm, which provides software and other products that help businesses improve human and back-end processes and efficiency, had filed a registration statement in May to raise as much as $86 million through the offering.
June 6, 2008
On May 31, 2008, SALLIE MAE MCMILLAN of McCulloh Street. On Friday, friends may call at HARI P. CLOSE FUNERAL SERVICE, P.A., 5126 Belair Road from 4 to 7 P.M.