student loan company
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MyRichUncle(TM) Advises Students and Parents on Critical Student Loan Decisions
For the nearly eighteen million students estimated to be attending colleges and universities across the country this fall, studies show that up to 90 percent will need some kind of financial aid assistance to foot the bill. MyRichUncle(TM), the student loan company focused on shifting the industry to work in the best interests of the student, has been originating private student loans for over one year, and just recently announced its offering of Federal Student Loans, with an immediate interest rate reduction at repayment of one to nearly two percent versus all other national providers.
"We have received a tremendous amount of attention and feedback regarding our federal student loans. The most interesting, though, is the notion that we've started a price war," said Raza Khan, president and co-founder of MyRichUncle.
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New student loan company formed
Black Entertainment Television founder Bob Johnson says his new bank holding company, Urban Trust Bank Holdings, has created a student loan company he hopes will become the nation's premier minority-controlled student loan provider.
Johnson is teaming up with Goldman Sachs on the project. The business is called UTB Education Finance and will be based in Washington.
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