One thing that most students don't consider is how their student loans will affect their credit. Most students have to take on some sort of financial aid to attend college and more than likely that will include student loans. While many are aware that …
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By CAROLYN HAX, SYNDICATED COLUMNIST Father helped send two sons to law school, though they have student loan debt they'll be paying for decades. Father has much younger stepdaughter. The sons are not particularly close with father's "new" family.
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At a time when interest rates are at historic lows, Republicans wanted to force a false choice between raising rates on student loans and defunding grants that pay for cervical cancer screening and diabetes. All but one Republican voted for the measure …
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“My mentality was I want to be done with these student loans as quick as possible,” Mr. Mihalic says in a phone interview, adding: “It was an emotional decision.” He made his last student-debt payment six weeks ago. He said he saved roughly $40000 in …
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RBS CITIZENS Financial Group Inc. has announced the expansion of its student lending business to include private student loans to college students in the continental United States. COURTESY CITIZENS BANK By Michael Souza PROVIDENCE – RBS Citizens … See all stories on this topic »

Providence Business News

On May 13 the New York Times took a long look at student loans. The paper profiled a student who just graduated from Ohio Northern University, a private Methodist college, with $120000 in debt. That is a staggering amount, which is no doubt why the … See all stories on this topic »

TIME

Doubling interest rates on student loans gets us farther away from solving those problems. And yet, career politicians in Washington don't see the issue as clearly. Congressman Jeff Flake recently voted against keeping the interest rates on student …
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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 …
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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 …
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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 …
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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, …
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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)

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 …
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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

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:
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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.
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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 …
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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

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

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 …
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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

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 …
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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

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.
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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.
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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.
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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

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

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

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, …
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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 …
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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 …
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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 …
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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

“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 …
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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

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.
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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 …
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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 …
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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.
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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 …
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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, …
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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.
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I'm talking about student loans and the massive bubble that has been expanding for at least the past decade. I can remember a time back in the 1980s when I had several relatives put themselves through state schools by working during the summer and on … See all stories on this topic »

The Market Oracle

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 $20000 bill — until an injury a few years later left her permanently unable to work.
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to allow a vote on a proposal they support to extend the current interest rate for student loans. Cochran and Wicker on Tuesday opposed a Democrat-backed measure to pay for the legislation with tax increases on small businesses.
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By Walter Hamilton, Los Angeles Times 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 $20000 bill — until an injury a few years later left her … See all stories on this topic »

Los Angeles Times

Student loans. Americans owe $870 billion in student loans and the number is still growing. That's higher than all outstanding creditMore >> Move over mortgages, there's a new growing threat to the economy. Student loans. Americans owe $870 billion in …
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TERRE HAUTE, Ind. (WTHI) – The mounting cost of college leaves many graduates left with thousands of dollars in student loans. Three recent graduations in the Wabash Valley alone sent about 2000 graduates into the workforce. With the cost rising every … See all stories on this topic »

WTHI

Scott Brown is pushing a bill he says would extend lower interest rates on federal student loans another year without raising taxes. Brown said his bill would raise the $6 billion needed to avoid a doubling of interest rates on student loans to 6.8 …
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BY CATHY JETT On one Tuesday of every month, we invite experts on various business topics to answer the public's questions. This Tuesday, our guest will be Debra J. Harber, who has been the University of Mary Washington's director of financial aid for …
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by Aundrea Cline-Thomas NASHVILLE, Tenn.- Graduation season is upon us and it's time to celebrate a job well done. "(I'm) really excited," Vanderbilt Peabody College graduate Tiffany Morris-Simon said. "Today's a very good day.
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A bill passed by President George W. Bush has worked to ease some of this burden by lowering interest rates on student loans from 6.8 to 3.4%. Unfortunately, this reduced interest rate expires on July 1, 2012, leaving Congress to vote this summer on …
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By Daniel Bortz College students throughout the country will graduate this month, and with that rite of passage comes a new source of stress: paying off student loans. According to the Project on Student Debt, 2010 graduates with student loans owed an …
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by our readers I always get a big kick out of President Obama and First Lady Michelle Obama talking about the difficulty of paying off their own student loans. President Obama recently stated that he and Michelle paid off their student loans only about …
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Congress will have to find another way to pay for legislation to prevent interest rates on federal student loans from doubling July 1. Senate Republicans blocked a bill that would cover the $6 billion cost of the student-loan fix by increasing payroll …
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By Elizabeth S. Auritt, CRIMSON STAFF WRITER Interest rates on student loans have become a point of contention between US Senator Scott Brown and Harvard Law School professor Elizabeth Warren in the 2012 US Senate race in Massachusetts.
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… 05/10/12 06:35 PM ET Democrats adjourned the Senate Thursday visibly frustrated after they were unable to move forward with both legislation reauthorizing the Export-Import Bank and legislation extending the current interest rate on student loans.
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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)

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

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

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 …
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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.
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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 …
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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.
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(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.
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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 …
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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 …
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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.
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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 …
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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 …
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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 …
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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.
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–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 …
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… 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.
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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 …
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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 …
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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

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.
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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.
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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.
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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, …
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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

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.
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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, …
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