When taxpayers assume the risk of student loans – Washington Post
In his May 17 op-ed column, “Student loan boondoggle,” George F. Will proclaimed that President Obama has “socialized the student loan business.” This presumably refers to the elimination of the Federal Family Education Loan Program, which used taxpayer money to guarantee student loans made by private lenders such as Sallie Mae. Essentially, the program allowed private lenders to distribute student loans without assuming the risk associated with the loan
Read MoreWill: Less bipartisanship needed on student loans – The Columbian
By George Will Columbian Syndicated Columnist Sunday, May 20, 2012 Bipartisanship, the supposed scarcity of which so distresses the high-minded, actually is disastrously prevalent. Since 2001, it has produced No Child Left Behind, a counterproductive federal intrusion in primary and secondary education; the McCain-Feingold speech rationing law (the Bipartisan Campaign Reform Act); an unfunded prescription drug entitlement; troublemaking by Fannie Mae and Freddie Mac; government-directed capitalism from the Export-Import Bank; crony capitalism from energy subsidies; unseemly agriculture and transportation bills; continuous bailouts of an unreformed Postal Service; housing subsidies; subsidies for state and local governments; and many other bipartisan deeds, including most appropriations bills.
Read MoreClock ticking on student loan payments – Seacoastonline.com
Today’s most viewed articles Buy This Photo Catherine Gilmore, 24, of Dover, graduated from the University of New Hampshire on Saturday with excitement but also anxiety over the prospects of finding a job to pay off her student loan debt.Joey Cresta photo “; aryZooms[imgCounter] = “javascript: NewWindow(870,625,window.document.location+zTemplate+’&img=”+imgCounter+”‘)”; var ap = /AP/.test(“Joey Cresta photo”); var courtesy = /COURTESY/.test(“JOEY CRESTA PHOTO”); var nfs = /NFS/.test(“JOEY CRESTA PHOTO”); if (ap==true || courtesy==true || nfs==true || “Joey Cresta photo”==”"){ document.getElementById(‘purchasePhoto’).style.display = “none”; } bolImages=true; DURHAM — Commencement is an exciting time for graduates who, for the first time in their lives, will no longer be identified as “student.”But those final steps as they march through graduation and into adulthood may be full of anxiety as they enter a world short on job opportunities and tall on demands for money to pay off the astronomical debt they have accrued over their college years. Debt and circumstance $31,048: Average debt of graduates of four-year institutions in N.H., highest in the nation74 percent: of N.H.
Read MoreHarkin Talks About Student Loans – WOI
by Phil Prazan pprazan@myabc5.com College students around the country are bracing for a big cost increase. Loan interest rates are set to double this July
Read MoreGraduating collegians cope with student debt in a weak economy – Los Angeles Times
College graduation is typically a time to tally accomplishments and to look ahead. But for many graduates, it is also a time to tally student loans and figure out how to repay them.About two-thirds of college graduates have some student loans to pay off, and their average debt is about $25,000 to $28,700, according to estimates by education experts and organizations. (About 10% of those with loans owe more than $50,000 or so.)Many college seniors say they had not thought much about their debt until they received summaries just before graduation
Read MoreSubsidized Student Loans – MyMotherLode.com
Columbia College’s Sugar Pine Building May 19, 2012 11:00 am Sabrina Ambler, MML News Reporter Sonora, CA — A myMotherLode.com poll asked “Should the government’s subsidy of student loans be extended?” 54% said no, 44% said yes. While locally individuals may be against subsidies, nationally the question is not if, but how much.President Obama and Presumptive GOP presidential candidate Mitt Romney both support extending the lowered 3.4 percent interest rate on subsidized Stafford loans
Read MoreCost of MBA teaches tough financial lesson – Chicago Tribune
May 18, 2012|Gail MarksJarvisJoe Mihalic wasn’t thinking at all about how he was going to pay off student loans — which would end up totaling $101,000 — when he was accepted to Harvard Business School.
Read MoreCongress 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 MoreStudent loans an obligation that’s impossible to escape – StandardNet
Ben Franklin may have been a wise founding father, but he completely underestimated Congress in the 21st century when he wrote, “In this world nothing can be said to be certain, except death and taxes.” If he had the ability of foresight, he would have said, “In this world nothing can be said to be certain, except death and student loans.” As an obligation that is impossible to escape, nothing is quite as tenacious as student loans. Even with taxes, a statute of limitation requires collection efforts to begin within a certain time or the creditor loses the legal right to collect. But there is no statute of limitations on student loans — the loan will follow you from being a senior in college to being a senior in the rest home.
Read MoreBest-Kept Secrets Of Student Loan Borrowing – Huffington Post
By: Robyn Gee Story after story about college students graduating with mountains of debt permeate the news every day.
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