student loan finance corp
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Downtown parking garage open
The parking garage connected to the Ward Hotel opened for business on July 6, but already, nearly all of the 214 new parking spaces have been leased.
Sharon Hanna, purchasing facilities coordinator for the Student Loan Finance Corporation, which leases 100 spaces in the garage, said employees are using the garage and loving it.
"Their cars are a lot cooler since they're out of the sun," Hanna said. "And if there's a hailstorm or something, there's the benefit of not having to deal with the elements, especially in the winter. That's a plus. Also, you don't have to cross a busy intersection."
A ribbon-cutting ceremony for the new garage will be at 3 p.m. today on the main level of the garage. After a roughly 20-minute ceremony, the group will move to the Ward ballroom.
More student loan finance corp info
Students scramble to secure lower interest rates on loans
Workers at Student Loan Finance Corp. in Aberdeen are breathing a sigh of relief this month after an unusually busy June.
That's because interest rates on student loans rose by 1.84 percent nationwide on Saturday. Borrowers had through Friday to request consolidation of such loans. For some debtors, consolidation was attractive; for example, doing so could mean lower monthly payments but over more time.
"We had a huge surge of activity," said Dave Zahn, a manager at Student Loan Finance Corp.
To illustrate, on June 1, the business handled 195 phone calls requesting consolidation. On June 30, the same type of calls numbered 1,589.
The federal government didn't announce the new rates until late May, which explains why calls poured in during June, Zahn said.