Victoria Real Estate Agency Home Sale Listings

ScholarPoint Statement on House Passage of H.R. 5

La Jolla, CA(PRWeb) January 18, 2007 -- ScholarPoint Financial, Inc., a national online consumer lending company specializing in student loans, is pleased that the House of Representatives is addressing the issue of student loans and their resulting debt. However, the legislation passed today merely puts a band-aid on the problem of college costs by cutting the interest rates on subsidized Stafford student loans over five years.

Chris Studer, Chief Executive Officer of ScholarPoint Financial, Inc. released the following statement today in response to House Passage of H.R. 5, the College Student Relief Act.

ScholarPoint Financial, Inc., a national online consumer lending company specializing in student loans, is pleased that the House of Representatives is addressing the issue of student loans and their resulting debt. However, the legislation passed today merely puts a band-aid on the problem of college costs by cutting the interest rates on subsidized Stafford student loans over five years.

To offset the cost of the interest rate reduction on only one specific student loan, the bill will increase the fees paid by student loan providers. It specifically targets businesses like mine that specialize in consolidation loans. This bill, if enacted into law, would make it more difficult for me to successfully offer low-cost consolidation loans to help student loan borrowers manage their debt.

ScholarPoint shares Congress's goal of reducing the cost of student loans, but this legislation hurts small businesses like mine, while not addressing the rising cost of college or access for America's low income students. Consolidation is one of many means today's college grads have to manage the financial impact that student loans can have on their lives. Taxpayers and society as a whole would benefit more if our tax dollars were used to help increase access for low income students, rather than by penalizing small business owners.

ScholarPoint Financial, Inc. is a national online consumer lending company specializing in student loans and offering a full range of innovative education finance solutions. Loan options for students and their families include PLUS, Stafford, Consolidation and Private loans. ScholarPoint combines industry-leading borrower benefits, best-in-class service and innovative technology. Unlike many other traditional loan sites, ScholarPoint's technology platform was designed exclusively for its website, integrating the entire process for an online experience that is simple, instant, and complete.

http://www.ScholarPoint.com

Contact:
Joan Coyle 202-289-3903
jcoyle @ wpllc.net

###

MORE ARTICLES:

Justin Paperny Announces New Listing in West Hills, CA
Justin Paperny and Sam Pompeo are proud to announce their new listing in the Brookmont Estates in West Hills, CA. 23837 Erin Place is a past model home that features many upgrades.

Leasing Aventura Commercial Real Estate Properties Are The Best Choice
Many find it a good choice to lease a commercial property in Aventura real estate, rather than purchasing one of their own. The bustling economy of Aventura contributed to rise of business investors flocking into the city each to set up their own venture.

Attention To Details Helps Homeowners Sell Fast In A Buyers Market
Your boss has just given you the career opportunity of a lifetime, but the job is in another state.Soon you discover that moving your family to another city may be one of life's hardest tasks.

Great Oceanfront Homes Announces Free Listings For Seaside Home Owners
GreatOceanfrontHomes.com now offers free property listings for owners of oceanfront and seaside homes.

Omni Oil & Gas, Inc. Announces Sale of Interest in Oil Field
Omni Oil & Gas, Inc. (Pink Sheets:OMOI) (www.omnioil.com), a company specialized in oil and gas exploration and production, announced today that it has executed a Purchase and Sale Agreement with BSI Energy Partners I, LLC (BSI) for a 50% working interest in Omni's Red River Bull Bayou Field Unit (RRBB) located in Red River Parish, Louisiana.

Sell On Ebay Today
Without a doubt, starting an online auction business on EBay is one of the most bona fide ways of earning money on the Internet. Every year, millions of EBay users buy and sell everything from rusted lamp shades to $200,000 Ferraris. It is estimated that $14 out of every $100 spent on the Internet goes through EBay! Its friendly interface and navigational style has allowed many people to make money on EBay exclusivity as a full time job. The premise is simple: EBay selling means offering an item, having people bid, and awarding the item to the highest bidder.

10 Reasons to Invest in Panama Real Estate
Real estate investment by foreigners has boomed in the recent years The investment has been supported by the government as Panama has one of the most interesting tourist destinations and has been tagged as one of the best places to retire

Seminars are the most effective way of being educated in real estate.
With the time Tax foreclosures made a huge progress and attract a enchant number of investor toward because of the smart revenue, any one who is new to real estate investment and is considering to buy a foreclosure property must have to be realistic enough regarding the thing which he is going to do. Foreclosure investment is not an ideal term for those who just begin it, they should fist have to get at least a couple of years experience with more traditional real estate investment before making their way to foreclosure. Many peoples invest their assets in the hope that they will be getting huge profit through it but in spite there lies some awful fact which must be known in order to avoid any complication, on...

Jamaican Blue Mountain Coffee-an Introduction to One of the Best Coffees in the World
Widely considered to be one of the worlds best, if not the best, coffees, Jamaican Blue Mountain is a rich, smooth roast. This aromatic and flavorful coffee has to be experienced to be believed.

Which Is A Better Buy, Roll Up Truck Bed Covers Or Folding Truck Bed Covers?
Tonneau covers seem to be all the rage these days, especially out here in Southern California. A lot of guys buy them because they make their trucks look better not because they really need them. Of course, I like the way they make my truck look too but mainly I like tonneau covers because they keep people from stealing my stuff while protecting my possessions from the elements.

Largest Entertainment Agency in the Country Marks 30th Anniversary with Continued Expansion
EastCoast Entertainment celebrates its 30th Anniversary with plans for new offices and services, bringing more choices and opportunities to the company's clients and artists.

Ernie & Neal Rock the House -- On Ernie & Neal's Ffifth Album, the Message is Clear: Rock Out, Kids
This December will bring the release of Ernie & Neal's fifth album, "Rock the House". For the New Jersey-based band, known for their high-energy live performances and all-ages friendly repertoire, "Rock The House" follows in the tradition of its previous recordings, introducing young audiences to many genres of music (rock, jazz, ska, reggae, blues and more).

How to Sell on eBay Internationally without Risk
eBay allows you the opportunity to sell all over the world. It is exciting to communicate with a customer from England, Australia or Japan via email.

Consider Making a Real Estate Investment in Santa Cruz, California
Buying a home ocean front ? Santa Cruz, California, USA Santa Cruz County is very pretty and uniquely situated with several nice ocean side communities Located within 3 hours drive from approximately 5 million people, it has been a magnet for relaxation and enrichment for well over a century