Student Loan Ninjette
May 16th, 2012
- On the debt ceiling, student loans and 'fake fights'
It should: House Speaker John A. Boehner scolded President Obama on Sunday for politicizing issues upon which Democrats and Republicans agree, including the need to prevent a hike in interest rates on federal
student loans. “The president is getting
…See all stories on this topic »
- Alexander: Whole story on student loans
President Obama has traveled to campuses across America to talk about
student loans, but I am afraid the president is not telling the whole story. If he were to tell the whole story, he would have to tell the students that one of the principal reasons
…See all stories on this topic »
- How I'm Repaying $120000 in Student Loans
By Eric Bell In less than a month, I will graduate from my MBA program at Georgetown University with more than $120000 in
student loans at 7% interest. Six months after graduation, my grace period will end, and I will have to start repaying more than
…See all stories on this topic »
- Student Loans and the Education Crisis
In 2007-2008, just before the great crash, lenders provided 17 billion dollars for
student loans, an increase of over 500% from the previous decade. What this means is that millions of Americans with college degrees are now indentured servants,
…See all stories on this topic »
- As student loans grow, so does university leadership pay
This week, The New York Times began its series on the implications of graduates struggling to pay off student loans. The reporters crunched some disturbing numbers: 94% of students who earn a bachelor's degree now borrow to pay for higher education …
See all stories on this topic » |
Fortune (blog) |
- Why are cheap student loans considered entitlements?
Concerning the “problem” of certain federal
student loans, the two parties pretend to be at daggers drawn, skirmishing about how to “pay for” the “solution.” But a bipartisan consensus is congealing: Certain student borrowers – and eventually all
…See all stories on this topic »
- Michigan goes hard after student loan defaulters
By Ron French | Bridge Magazine Former college students in the eastern half of Michigan get hauled into federal court for defaulting on their student loans at 10 times the rate of the national average. That doesn't mean more Michigan residents are …
See all stories on this topic » |
MLive.com |
- Job Prospects, Health Insurance and Student Loans Are Big Worries for College …
According to the survey: The survey also revealed a high level of anxiety about
student loans. A strong majority of both current students and recent grads would risk going uninsured rather than default on their student loan payments:
See all stories on this topic »
- RBS Citizens Financial Group expands Education Finance business to offer …
PROVIDENCE, RI, May 16, 2012 (BUSINESS WIRE) — RBS Citizens Financial Group, Inc. (RBSCFG) today announced the expansion of its student lending business and now is offering private
student loans to college students across the 48 contiguous states.
See all stories on this topic »
Posted in Student Loan News
No Comments »
student loan debt, student loans
Student Loan Ninjette
May 15th, 2012
- Chat Transcript: Money Talk$: Student Loans
Description: Debra J. Harber, who has been the University of Mary Washington's director of financial aid for 25 years, takes your questions about
student loans. The chat will go from noon to 1 today. Question: (from PB in Stafford) — I just graduated
…See all stories on this topic »
- Now, As You Strive to Pay Off Your Student Loans…
By MAUREEN MACKEY, The Fiscal Times The differences in both substance and tone between President Obama's speech at Barnard College in New York on Monday and Mitt Romney's commencement address on Saturday at Liberty University (the evangelical …
See all stories on this topic » |
The Fiscal Times |
- Graduating College With $120K In Student Loan Debt
She has about $120000 in student loans, and her monthly payments of about $900 begin in two months. She's working two restaurant jobs and doing some marketing for a photographer, in order to make those payments. “I felt that just because my parents …
See all stories on this topic » |
Here And Now |
- SoFi's Mike Cagney Wants to Fix Student Loans
Thanks to government regulation, the rate on
student loans is the same — between 6.8% for the $80 billion Stafford loan market and 7.9% for the $20 billion federal Plus loan segment –regardless of whether you're lending to students at Stanford's GSB
…See all stories on this topic »
- Student loans: How automatic repay can help
Signing up for automatic payments on student loans can reduce the chances of messing up something important for young people who are relatively inexperienced with managing their finances. What's more, it can actually reduce the amount you have to pay …
See all stories on this topic » |
Christian Science Monitor |
- What the student loan rate hike means to you
If Congress does not act, interest rates on federal
student loans, which were temporarily held at a low 3.4%, will revert back to 6.8% for the 2012-2013 school year starting July 1. That means more than 7 million students taking out Stafford and other
…See all stories on this topic »
- Student Loan Crisis – New York Times Catching Up With My Guest Posters
I started following the student loan crisis when I noted that student loans seemed to be neck and neck with health care as the primary grievances on the We Are The 99% site. I was very lucky to get two pretty regular guest posters Alan Collinge and Tim …
See all stories on this topic » |
Forbes |
- Doctor sued for not paying back student loans
Five million Americans are delinquent on their
student loans. One of them is David Gunzel, a Carbondale foot doctor. Dr. Gunzel owed up to $363000 before the federal government sued him to collect on the debt that was insured by the US government.
See all stories on this topic »
- Grandmothers' Social Security Garnished for Student Loans? Time to Fix the …
Congress has removed nearly every consumer protection from
student loans, including bankruptcy protections, statutes of limitations and truth in lending requirements. Sign up to stay up to date on the latest Economy headlines via email.
See all stories on this topic »
Posted in Student Loan News
No Comments »
student loan debt, student loans
Student Loan Ninjette
May 14th, 2012
- Avoid getting buried in student loans
Treat
student loans the same way. Figure out the monthly payment on total
student loans that you take out or expect to take out. If you borrow around $30000 for college overall, you could be looking at paying around $350 a month for
student loans.
See all stories on this topic »
- Senate race roundup: Brown tackles student loans in new radio ad; Penn listed …
After taking jabs from the Warren camp last week, Brown's campaign issued Sunday a new radio ad, saying the senator "filed legislation to extend the low interest rate on government guaranteed student loans without raising taxes.
See all stories on this topic » |
MassLive.com |
- This Family's Story Helped Convince Sallie Mae To Forgive A Dead Student's …
Two grieving families have won separate battles against private lenders that refused to forgive their dead children's student loans. In the most recent case, Amanda Greenhalgh's parents told the Star-Ledger's Kristen Mueller-Price they were left with …
See all stories on this topic » |
Business Insider |
- LAWBIZ COACHES CORNER: Law student loans are key component of next 'debt bomb'
Now we're seeing the same signs of distress, … huge defaults on student loans and people driven into financial difficulties because of them.” The ABA Journal in January stated that in 2010, 85 percent of law graduates from ABA-accredited schools had …
See all stories on this topic » |
Wisconsin Law Journal |
- How to Start Paying Off Your Student Loans
Long gone are the days when our parents paid their way through college with just a part-time job. Life was good in 1975 — tuition at Duke University, for instance, was $2780 per year— but times have changed: the Soviet Union collapsed,
…See all stories on this topic »
- Republican filibuster of student loans comes at bad time
By By Zein Kattih, COLUMNIST While Democrats propose to fund the difference in interest rates — which will automatically double on July 1, if no legislation is passed to delay that date — by no longer allowing small business owners earning more than
…See all stories on this topic »
- Why We Should Worry About A Bubble In Student Loans — Even If It Doesn't Exist
Are
student loans — like “dot coms” and risky mortgages before it — another investment bubble that's about to burst? The head of the nation's largest student lender has bristled at the wanton use of the 'B'-word. Sallie Mae CEO Albert Lord told
…See all stories on this topic »
- More US families drowning in debt
One in five US households owes more on credit cards, medical bills,
student loans and other non-collateralized debts than they possess in savings and other liquid assets, say economists at the UM Institute for Social Research. The study also finds that
…See all stories on this topic »
- College student loans follow some to old age, according to Federal Reserve …
Phyllis Young, of Wilton Manors, is focused on paying off her student loans that she took out more than two decades ago. "I'm $39000 still in the hole," Young said. Almost 2 million people at least 60 years old are still paying on student loans, …
See all stories on this topic » |
WPTV |
Posted in Student Loan News
No Comments »
student loan debt, student loans
Student Loan Ninjette
May 13th, 2012
- Student Loans Cripple Entire Generation
“I'll be paying this forever,” says a 24-year-old dropout with $70000 in
student loans. “For me to finish it would mean borrowing more money. It makes me puke to think about borrowing more money.” Where did it all go wrong? Many states are offering
…See all stories on this topic »
- Killing Medicare, rioting in New York, jet taxes and student loans: PolitiFact …
Claim of interest: Democrats and Republicans alike have said interest rates for new government-subsidized student loans should remain at their current 3.4 percent rate. The rates will automatically double if Congress doesn't act by July.
See all stories on this topic » |
Plain Dealer |
- Grassley, Braley weigh in on student loans
The US House and Senate both desire to extend a law that would cap rates at 3.4 percent on federal
student loans; if the bill is not extended, those rates would double starting July 1. An online service is needed to view this article in its entirety.
See all stories on this topic »
- Do you have questions about student loans, financial aid and scholarships …
Do you have questions about
student loans, financial aid and scholarships? Join a live chat at 11 am Tuesday University of Michigan student Courtney Funchess, Farmington Hills, helps clean and organize files in the University of Michigan School of
…See all stories on this topic »
- READER'S VIEWS: Student loans, a teachable moment
For all new
student loans, the interest rate will be 6.5%. If Obamacare had been repealed in 2011, this would not be happening. The President, who signed the bill into law, is responsible for its consequences. Like it or not,
student loans now support
…See all stories on this topic »
- As college costs soar, total student loans in US top $1 trillion
With more than $1 trillion in
student loans outstanding in this country, crippling debt is no longer confined to dropouts from for-profit colleges or graduate students who owe on many years of education, some of the overextended debtors in years past.
See all stories on this topic »
- End Draconian Collection Policies
The government doles out
student loans with little or no credit requirements and minimal accountability for participating schools. High-rate private loans exacerbate the burden. Yet there is no safety net or second chances for the huge numbers of
…See all stories on this topic »
- Recent graduates now facing student loans
Responsibilities such as paying back their
student loans. "I'm graduating right now and I'm happy, but it's hard for me to think about that later," she said. She's not alone. Student loan debt in the United States has now surpassed $1 trillion,
…See all stories on this topic »
- Control Reckless For-Profit Colleges
Graduation rates should count in the accountability system that lets colleges obtain revenue through Pell Grants, federally backed
student loans and other federal programs. In addition, the accountability timeline has to move more quickly.
See all stories on this topic »
Posted in Student Loan News
No Comments »
student loan debt, student loans
Student Loan Ninjette
May 10th, 2012
- The draconian hidden penalty on student loans
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 …
See all stories on this topic » |
Fortune (blog) |
- Why Private Student Loans Are A Dangerous Game
By Laura Northrup on May 10, 2012 8:04 AM 0 views 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 …
See all stories on this topic » |
The Consumerist |
- Gridlock in Washington not helping worries over student loans, doubling …
Partisan gridlock in Washington has led to fresh worries for millions of Americans with student loans as interest rates prepare to double this summer. Interest rates on student loans are expected to rise to 6.8 percent on July 1 unless Republicans and …
See all stories on this topic » |
WPTV |
- Viewpoints: Can Medicare Taxes Really Fund Student Loans?; Daschle On Diabetes …
In the case of the
student loans, the Democrats' bill would require certain Americans — high-income partners in small businesses that provide professional services, such as engineering or lobbying — to pay payroll taxes on their share of the firm's
…See all stories on this topic »
- Overly accessible student loans should hinge on type of degree
Student loans are not a bad thing. However, handing out loans to any student who asks, regardless of their field of study, is a dangerous practice. Irresponsible government lending is fueling a $1 trillion higher education debt bubble.
See all stories on this topic »
- Student loans should be abolished
Alliance Party co leader Kay Murray is disappointed that, in the debate over changes to the
student loans scheme foreshadowed in the 2012 budget, no one has questioned the need for
student loans. Ms Murray says "People seem to forget that
student loans …See all stories on this topic »
- Taxpayers On Hook For $850 Billion In Student Loans
Yet Congress may exacerbate the problem with current efforts to maintain lower interest rates on
student loans. The amount of outstanding student loan debt has skyrocketed from about $440 billion in late 2008 to about $1 trillion today.
See all stories on this topic »
- Scam Surfaces on Student Loans
(Savannah, GA) A new scam is making the rounds, promising to help college students and former students have their
student loans forgiven. The South Carolina Department of Consumer Affairs discovered the scam after being contacted by some lenders.
See all stories on this topic »
- Elizabeth Warren criticizes Brown's vote to double interest rates on student loans
By Wei-Huan Chen/Correspondent Democrat US Senate candidate Elizabeth Warren criticized Scott Brown for voting to double the interest rates on college
student loans on Tuesday, saying the incumbent Senator would “raise the cost on every kid who's
…See all stories on this topic »
Posted in Student Loan News
No Comments »
student loan debt, student loans
Student Loan Ninjette
May 9th, 2012
- Letters: student loans, meat and antibiotics, Prop. 29 and more
In response to “Bill on student loan rates blocked” (May 9): Democrats want to use wealthy people's money to keep
student loans from doubling. Republicans are blocking this proposal to protect millionaires and billionaires. I note that they never refer
…See all stories on this topic »
- OUR VIEWS: Student Loans Out of Control
And will whatever job they manage to find be enough to pay off thousands of dollars in
student loans? Probably not. At the same time, the Tribune recently featured a story about the lack of trained mechanics in the marine industry locally.
See all stories on this topic »
- Student loans and Social Security taxes: a poor fit
By Jon Healey Democrats have seized on a looming increase in the interest rate on certain federal
student loans as their latest wedge issue, hoping to portray Republicans as caring more about the wealthy than they do about working-class and
…See all stories on this topic »
- Eshoo urges Foothill students to fight for affordable student loans
Anna Eshoo (D-Palo Alto) stopped at Foothill College last week to encourage students to push for maintaining low-interest rates on
student loans. Joined by Foothill President Judy Miner and Latino Heritage Month Committee Chairwoman Ashley Oropeza May
…See all stories on this topic »
- Student Loans Plus Limited Job Options Equal Trouble
Over that same period,
student loans for Latinos rose from $13463 to $17000, an increase of $3537. The highest increase was among Blacks, rising from $8285 in 2007 to $14000 in 2009, a jump of $5715. Meanwhile, the percentage of households relying on
…See all stories on this topic »
- Sallie Mae Offering Fixed-Rate Student Loans
Banks such as Chase, Citizens Bank, PNC, SunTrust and Wells Fargo already have been providing private fixed-rate
student loans, and their rates are comparable to the rate Sallie Mae is offering on the Smart Option Student Loan.
See all stories on this topic »
- Secondary Sources: Spending Tax Cuts, Leave Bernanke Alone, Parabolic Student …
–Consumer Credit: Jim Bianco looks at the role of
student loans in consumer credit. “
Student loans have gone parabolic thanks to a 2009 government mandated cut in student loan interest rates that expire July 1st. How important are
student loans to
…See all stories on this topic »
- How Professors Can Help Fund Student Loans
… to do anything — nothing to control tuition costs; nothing to increase endowment spending; nothing to forgive loans,” Zerbe writes, “and when it comes to colleges taking any responsibility for the massive
student loans – plenty o' nuthin.
See all stories on this topic »
- Marco Rubio reminds supporters he is still paying off student loans
After Senate Republicans blocked a vote to extend a low interest rate on federally subsidized
student loans Tuesday, Rubio released a statement reminding supporters that he too is still paying off his education. "I think I am one of the only senators
…See all stories on this topic »
Posted in Student Loan News
No Comments »
student loan debt, student loans
Student Loan Ninjette
May 8th, 2012
- Student loans latest casualty of politics
Nearly half of college graduates are unemployed or underemployed, and debt from
student loans is piling up — totaling more than $1 trillion. We need to address these problems with real solutions that give America's next generation sustainable
…See all stories on this topic »
- Student loans: GOP filibuster blocks Senate move to freeze low rates
Student loans will cost more come July 1 unless Congress acts. While both parties say they support extending low rates on federally subsidized loans, election-year politics have intervened. By David Grant, Staff writer / May 8, 2012 From left, Sen.
See all stories on this topic » |
Christian Science Monitor |
- Student Loans Interest Rate Extension Fight Heads To Senate
The fight over
student loans has become a high-profile, symbolic tussle over which party wants to do more for Americans scrounging to get by at a time jobs are hard to find, and each side is happy to force the other to take embarrassing votes.
See all stories on this topic »
- Students: Growing Student Loans Are Postponing Life Events
With $25000 in
student loans, Bell struggles to make the $200-a-month payment. "I don't know where that is going to come from. So, I am just kind of, 'I'll get to it when I get to it,' and that turns into a default," Bell said.
See all stories on this topic »
- Senate's Student Loan Skirmish Will Include Health Law Funding Fight
Although both Democrats and Republicans agree on the idea of extending the current interest rate for
student loans, they want to pay for it differently. Democrats would raise Medicare payroll taxes for some high-earning stock holders.
See all stories on this topic »
- Student loans are a burden but it's the lack of jobs that hurts America more
This week, Washington will shift its attention to the issue of
student loans. Unless Congress acts, interest rates on new subsidized Stafford college loans will soon double from 3.4 percent to 6.8 percent. Fortunately, there is a solution to this,
…See all stories on this topic »
- Senate Heads Toward Showdown Vote on Student Loans
The Senate is steaming toward a showdown on a Democratic proposal to keep student loan interest rates from doubling for 7.4 million students. In a measure of how the upcoming election is driving work in Congress these days, it's a vote Democrats won't …
See all stories on this topic » |
KAALtv.com |
- IRS vs. student loans of dead vets
Student loans backed by the federal government are forgiven for deceased veterans. Private lenders have the option of waiving
student loans for them. The Andrew P. Carpenter Tax Act would not change that. The remedy would be applied to the IRS.
See all stories on this topic »
- Sibal, Montek differ over student loans
Many banks, including public sector, have imposed stringent conditions of awarding of
student loans resulting in many deserving students not been able to avail the facility. “Poor bright students are the worst sufferers,” a government official said,
…See all stories on this topic »
Posted in Student Loan News
No Comments »
student loan debt, student loans
« Previous Entries
