Congress needs to protect student loans – The Herald | HeraldOnline.com
The following editorial appeared in the Miami Herald on Wednesday: Like many disputes in Congress, the standoff involving a hike in student loan rates is deeply partisan. Unlike some others, this one carries high stakes.
Read MoreProtect student loans – Belleville News Democrat
The following editorial appeared in the Miami Herald on Wednesday, May 16: Like many disputes in Congress, the standoff involving a hike in student loan rates is deeply partisan. Unlike some others, this one carries high stakes
Read MoreStudent loan default rates rise in Chattanooga and across the country – Chattanooga Times Free Press
Alexander’s student loan bill Reid’s student loan bill BY THE NUMBERS If federally subsidized student loan interest rates double from 3.4 percent to 6.8 percent: Georgia • 225,008 — Student loan borrowers affected • $205.4 million — Additional debt created Tennessee • 138,315 — Student loan borrowers affected • $134.6 million — Additional debt created Source: U.S. PIRG Default rates on student loans have risen in Chattanooga and across the country, reaching their highest levels in at least three years.
Read MoreStudent Loan Interest Rates Set to Double – WKRG-TV
MOBILE, Alabama — Saturday was graduation day for students at the University of South Alabama. The last thing they want to be thinking about is how they’re going to pay off their student loans.
Read MoreStudent loan blues – WSBT-TV
Brenda Small didn’t think twice about taking out student loans to pay for nursing school in the late 1980s. She figured she could easily pay off the $20,000 bill — until an injury a few years later left her permanently unable to work.Her dreams of working in her chosen profession vanished, but not her student debts. Including interest and penalties, the 59-year-old Los Angeles woman now owes more than $39,000 and can’t afford to pay the debt from a disability income of $1,234 a month.”It’s just unbearable to have that type of weight on you and you can’t do anything about it,” Small said.Despite the perception of educational debt as a twentysomething phenomenon, Americans of all ages are on the hook for student loans that in some cases were taken out several decades earlier.
Read MoreStudent loan blues – Chicago Tribune
Brenda Small didn’t think twice about taking out student loans to pay for nursing school in the late 1980s. She figured she could easily pay off the $20,000 bill — until an injury a few years later left her permanently unable to work.Her dreams of working in her chosen profession vanished, but not her student debts
Read MoreProffitt: Renew low student loan rate – Sarasota Herald-Tribune
Democrats and Republicans in both houses of Congress are sparring over a student loan bill. The interest rate on student loans is now 3.4 percent
Read MoreEducation Stocks: Student Loan Interest Rates to Double – DailyFinance
Student loan interest rates for more than 7.4 million students across the country will double if Congress doesn’t act fast. According to Bloomberg, the Senate didn’t advance the plan to avert a July 1 increase in college loan interest rates to 6.8% from 3.4%. Republicans were holding out for want of an alternative way to cover the $6 billion cost of the extension
Read MoreWhat the White House forgot to mention about that student loan rate hike – Washington Post (blog)
On Tuesday, Republicans in the Senate blocked a bill that would have kept the interest rate on new, subsidized student loans from doubling to 6.8 percent this July, amid disagreements over how to pay for a $6 billion, one-year extension of the current rate. White House Press Secretary Jay Carney quickly released a statement, but it seems he forgot to include some details. I have your back on this, Jay
Read MoreHolt Joins Call to Stop Student Loan Rate Hike – Patch.com
Editor’s Note: The following is a news release from U.S. Rep. Rush Holt’s office
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