WASHINGTON (Reuters) - The White House threatened on Wednesday to veto a Republican bill to switch federal student loan interest rates to a market-based system, arguing the plan would create more uncertainty for students and familie...
By Calafia Beach Pundit: Delinquency rates on consumer loans and credit cards fell to a new all-time low in the first quarter of this year. (click to enlarge) Abstracting from student loans, which are growing at a (frightening) 20%+Show More Summary
House Republicans came up with a student loan reform plan they said was along the lines of what President Barack Obama proposed _ let the loan rate change with the market (background story). But it turns out it wasn’t similar...
The White House Budget Office said Wednesday the GOP plan does not guarantee current low interest rates for students and creates uncertainty for them.
Recently, there’s been a lot of talk amongst leaders in Washington about how to improve the painful process of repaying student loans. At SoFi, we feel your pain and work hard to offer more flexible, more affordable options for our borrowers. Show More Summary
On Monday, we wrote a post explaining that “No, the federal government does not profit off student loans” (as the original headline put it). A number of people have pushed back at that conclusion, pointing out that it depends on … Continue reading ?
Neal McCluskey On Thursday, the U.S. House of Representatives is scheduled to take up The Smarter Solutions for Students Act, which would end the practice of Congress designating interest rates for federal student loans, and instead link rates to the 10-year Treasury note. Show More Summary
About one third of millennials say they would have been better off working, instead of going to college and paying tuition.
With the cost of higher education skyrocketing, student loan debt growing, and youth unemployment persistently high, a former United States Secretary of Education asks "Is College Worth It?"
Over one-quarter of D.C. residents have student loan debt. [ more › ]
The latest Fed report on student loan debt includes some neat-o maps showing how all of America's student debt is distributed geographically. Washington DC sure is smart, and broke! Read more...
With the economy stuck in neutral, tuition prices and student loan debt skyrocketing, and parents and students increasingly questioning the value of a college degree, our public institutions urgently need a different approach to the challenge or educating an increasingly diverse mix of students at a reasonable cost. Show More Summary
Claudia Poglianich had just one major request when her daughter Olivia began looking at colleges two years ago: that Olivia would pick a school where she had the greatest chance of emerging debt-free. It was an ask that seemed almost quaint in a world where college costs have reached record highs and students are almost [...]
Sen. Elizabeth Warren (D-MA) has introduced a bill to cut college student loan interest rates to just 0.75%, a move that progressive Huffington Post writer Robert Kuttner says could spark a “counter-revolution against austerity politics.”...Show More Summary
Saddled with student loan debt, many college graduates stare at their statements and see eye-popping dollar figures. To wit: Carin Kilby Clark owes $140,000 for a bachelor’s degree and an MBA from Strayer University. She’s now studying for a master’s degree in project management from Walden University, in addition working full time as a U.S. [...]
Over ten percent of all doctors and nurses on the government’s Medicare and Medicaid blacklist end up on it because they defaulted on government-backed student loans. Medical workers on the blacklist are barred from treating Medicare and Medicaid patients or receiving federal reimbursements for a predesignated time period. According to a Modern Healthcare analysis of [...]
Elizabeth Warren made headlines last week for saying that she believed students should pay the same rate for loans as big Wall Street banks, 0.75%. The Obama administration extended 3.4% interest rate on subsidized federal student loans last year, but that measure is set to expire in July leaving room for reform. Show More Summary
Sen. Kirsten Gillibrand, D-N.Y., has proposed legislation that would allow holders of student debt to refinance their loans at lower interest rates, a move that could save tens of millions of borrowers a combined $14.5 billion in the first year. Show More Summary
Most people with student loan debt are struggling with higher interest rates than mortgages and many other loans carry. And in most cases, refinancing isn't an option for student loan debt. Sen. Kirsten Gillibrand is seeking to change...Show More Summary
If you’re sick of having to make student loan payments, you’re not alone. A recent report from the Consumer Financial Protection Bureau estimates that there 38 million student loan borrowers in the United States and the total debt load has … Continue reading ?