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NEW YORK (MainStreet) — The housing crisis of recent years has made Americans more determined than ever to cut their mortgage debt, and a report from the Federal Reserve Bank of New York says they’re doing a good job of it.

Nelnet Reports Fourth Quarter 2011 Results – Sacramento Bee

LINCOLN, Neb., Feb. 28, 2012 — /PRNewswire/ — Nelnet (NYSE: NNI) today reported base net income of $60.5 million, or $1.29 per share, for the fourth quarter of 2011, compared with $80.0 million, or $1.66 per share, for the same quarter a year ago. Base net income excludes a $26.6 million impairment charge recognized in the fourth quarter of 2010.Base net income includes pre-tax gains of $49.8 million, or $0.64 per share after tax, on the sale of loans and debt repurchases for the fourth quarter of 2010, compared with minimal gains from these items recorded for the fourth quarter of 2011

New Federal Initiatives Help Students Understand Loans – U.S. News & World Report (blog)

Borrowing and repaying loans in any context is a complicated process to understand. Borrowing for college is no different; teenagers are expected to weigh numerous—and complex—factors and conduct a sophisticated cost-benefit analysis before deciding whether a particular school is worth the debt

Secondary Sources: Student Loans and Household Formation, Fed Rules … – Wall Street Journal (blog)

By Phil IzzoA roundup of economic news from around the Web.

Are Student Loans the Next Debt Crisis? 6 Ways to Stay Out of Trouble – Money Talks News (blog)

Bankruptcy lawyers are warning that student debt could trigger an economic mess on par with the mortgage crisis.“Americans now owe more on student loans than on credit cards,” says a study released by the National Association of Consumer Bankruptcy Attorneys this month. “Total outstanding loans exceeded $1 trillion for the first time last year.”And unlike credit card debt, student loans can rarely be discharged through bankruptcy.

How to Graduate from College without Student Loan Debt – SayCampusLife

By Kimberly Reynolds Students graduate college with a degree, and more often than not, with tens of thousands of dollars of debt. According to the Project on Student Debt, outstanding student loans now total $833 billion, surpassing credit card debt for the first time in history. Two-thirds of college seniors graduated with loans in 2010 and carried an average of $25,250 in debt.

College students should fight back – The Massachusetts Daily Collegian

A few days ago, I was talking to a friend about the reduction in hours at University Health Services, and at one point she said, “Well, we really shouldn’t complain, we’re still the lucky ones. Because we got to go to college, I mean.” It was a throwaway comment, but it represented a view I’ve heard all too often – college students are lucky, college students are privileged, college students don’t know what it’s like in the “real world.” Many students themselves believe it. But it is not true.

Total student loan debt hits $1 trillion for the first time – Deseret News

Students participate in graduation ceremonies at the University of Alabama in Tuscaloosa, Ala.

Are You Having Trouble with Your Student Loan Payments? – Forbes

My colleague, Nancy Anderson, recently wrote an interesting post about college scholarships that even average students can qualify for. But what if like most students, you had to take out student loans and are now having trouble with the payments?

Are car loans, college loans so different? – Washington Post (blog)

Following is a guest post by Raynard S. Kington, president of Grinnell College