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In the News
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Read the latest news about Federal student loans, private student loans and the OneSimpleLoan company.
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| Industry News |
OneSimpleLoan Offers Private Loans
OneSimpleLoan, a national student loan consulting firm, provides qualified borrowers with student loans to help them achieve their education goals.
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Paul J. Simino interviewed in Prestigious GreenTree Gazette
OneSimpleLoan® Founder and President Paul J. Simino shares his views on the current state of the student loan industry with the editors of The GreenTree Gazette, a publication aimed at university-level administrators.
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If you've been (mostly) an angel in managing your credit, you could soon get some props in your FICO score.
Finally, some good news about credit: Fair Isaac, the company that calculates consumer credit ratings for lenders, is rolling out a new formula that promises to favor responsible credit holders. Your FICO score could benefit.
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What will the next administration bring to Washington?
Paul Simino, President of OneSimpleLoan, is a board member of the NCHELP Private Loan Committee. The Committee is a coalition of student financial aid advocates and administrators whose purpose is to serve as the hub of a growing network of knowledge for schools, loan providers, servicers, and others and to promote the development of sound public policy with respect to private education loans.
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| Consolidation Facing Sweeping Reforms |
Consolidation could save on college loan
"This is the last opportunity for borrowers to reconsolidate if they have loans that have already consolidated," Paul J. Simino said. "It's the last chance for a lot of borrowers who are in school to consolidate their loans. Those are going away July 1 with the Deficit Reduction Act that President Bush just signed into law on Feb. 8."
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Rate rise spurs student loan refinancing
Former and current students are rushing to beat a deadline tomorrow to refinance their college loans before a big interest rate increase kicks in.
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House Democrats Urge Students to Consolidate Loans Before July 1
House Democrats on Wednesday strongly urged students and parents to consolidate their federal college loans before July 1 when interest rates will increase.
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| OneSimple Loan Challenges the Dept of Education |
OneSimpleLoan Loses a Lawsuit, Loses Critical Business, and Sees Victory
The United States Supreme Court roday refused today to consider OneSimpleLoan's 2005 lawsuit against the Education Department. However, OneSimpleLoan’s president and chief executive, Paul J. Simino, nevertheless is claiming victory, saying the publicity generated by his lawsuit had helped persuade Congress to repeal the “single-holder rule” in 2006, thereby allowing any lender to consolidate a student’s loans through the federally guaranteed program — not just one of the lenders holding one of the student’s original loans.
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Oldsmar man leads student loan fight
Paul J. Simino, president of OneSimpleLoan in Oldsmar, has filed a lawsuit in the U.S. District Court for the Southern District of New York against the Department of Education and Secretary Margaret Spellings. The lawsuit requests a temporary injunction against a ruling that eliminated some consolidation options on March 31, three months before the July 1 deadline.
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Consolidator will fight student loan rule
An Oldsmar company said Wednesday that it plans to continue its fight to give college graduates the right to refinance student loans.
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SINGLE HOLDER RULE TO BE REPEALED IN EMERGENCY SPENDING BILL
Negotiators in the U.S. House and Senate have reached final agreement on an emergency spending bill and have filed the conference report...including the repeal of the single holder rule effective upon the date of the bill’s enactment.
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Private Student Loans