Sixty-Three Percent of Sallie Mae Private Loan Customers Save Money by Making … – MarketWatch (press release)
NEWARK, Del., May 17, 2012 (BUSINESS WIRE) — A majority of Sallie Mae private education loan customers in college in academic year 2011-12 saved money by making payments while in school, said Sallie Mae, the nation’s No.
Read MoreDespite Concern, Banks Give Student Loans the Old College Try – Wall Street Journal
By MATTHIAS RIEKER Even as the growth of student debt stirs debate on everything from whether the government should move to ease borrowers’ burden to the ability to discharge obligations through bankruptcy, some banks are jockeying for position to lend to students. The latest salvo in the fast-moving field: RBS Citizens Financial Group, the U.S.
Read MoreStudents loans fail usury test – Asia Times Online
Students loans fail usury testBy Ellen Brown The Social Security program … represents our commitment as a society to the belief that workers should not live in dread that a disability, death, or old age could leave them or their families destitute. – President Jimmy Carter, December 20, 1977
Read MoreBlumenthal: Stop the student loan interest rate hike – UConn Daily Campus
Sen.
Read MoreRob Portman says student loan money was used to cover health care reform – PolitiFact
Americans have their reasons for liking or disliking health care reform and its mandate to purchase insurance. But Sen. Rob Portman mentioned one that was new to us during a conference call with reporters.He was actually talking about student loans, but in answer to a question from WSPD radio in Toledo, Portman said:”The truth is, by the way, you know part of the health care bill is paid for by the administration taking the difference of what (interest rate) they can borrow at, and what most students pay, and putting some of that money into the health care bill.”He repeated that “we took from students and paid for a new entitlement program we can’t afford.” And he rephrased it by saying “the health care bill was paid for in part by taking money out of the student loan system.”Portman’s comments, made April 28, were in support of a Republican proposal to extend low-interest student loan rates (3.4 percent) for another year
Read MoreKilling Medicare, rioting in New York, jet taxes and student loans: PolitiFact … – Plain Dealer
Few subjects match the health care issue’s ability to stir political debate.
Read MoreCut the Confusion So Students Know Their Risks – New York Times
How did we get to the point where student loan debt has ballooned to more than $1 trillion? We all know that college has become more expensive, but a less-talked about reason is that many students and families weren’t able to cut through the fine print of the financial aid process
Read MoreWhy Private Student Loans Are A Dangerous Game – The Consumerist
Co-signing a younger relative’s private student loans doesn’t seem like such a reckless idea. After all, it’s an investment in their education and careers, they’ll certainly be able to pay it all back once they’re educated, and they’re going to outlive you, anyway. That’s not always the case, and the risks can be substantial.
Read MoreThe draconian hidden penalty on student loans – Fortune (blog)
By David A. Kaplan, contributor FORTUNE — Republicans and Democrats in Congress continue to debate whether to hold down interest rates on federal student loans. The rates on the most common type, “Stafford loans,” have been low since 2007– 3.4% for this academic year.
Read MoreTaxpayers On Hook For $850 Billion In Student Loans – Investor’s Business Daily
A recent AP analysis found that 53% of bachelor’s degree holders under age 25 were either unemployed or underemployed. AP View Enlarged ImageWith a possible higher-education bubble looming, taxpayers are on the hook for about $850 billion in student loan debt.
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