Read the latest news about Federal student loans, private student loans and the OneSimpleLoan company.
Industry News
2/12/2008
OneSimpleLoan, a national student loan consulting firm, provides qualified borrowers with student loans to help them achieve their education goals.
2/14/2008
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.
2/20/2008
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.
3/26/2008
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.
09/30/2008
The tightening credit market may be hitting students a little harder this school year.
Consolidation Facing Sweeping Reforms
1/7/2007
"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."
6/30/2006
Former and current students are rushing to beat a deadline tomorrow to refinance their college loans before a big interest rate increase kicks in.
2/20/2008
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.
6/7/2006
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.
6/15/2006
An Oldsmar company said Wednesday that it plans to continue its fight to give college graduates the right to refinance student loans.
6/9/2006
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.
Awards & Accolades
5/27/2007
OneSimpleLoan®, a student loan finance and consulting firm, today announced that President & CEO Paul J. Simino is a finalist for the Ernst & Young Entrepreneur of the Year® 2007 Award in the Florida region.
How to Pay for College
12/26/2006
Paul Simino, who runs One Simple Loan, a national student loan and debt consolidation firm based in Oldsmar, said the top question he hears is, "What's the best way to pay college tuition?"
8/10/2008
Start with a sputtering economy, college loan providers exiting the market and disappointing summer job earnings. Stir in a lackluster stock market that has thinned parents' portfolios and the mix is complicating financing higher education.
Private Student Loans