Wednesday, March 28, 2012

Student debt

  • The burgeoning student loan debt in the U.S. has democratic Michigan Congressman Hansen Clarkeproposing forgiveness.
  • (msnbc.com)
  • Consumer credit is on a tear. In January (the latest data available), consumers borrowed $17.8 billion, bringing outstanding consumer debt to $2.51 trillion. That's the biggest three-month gain in more than a decade.
  • (Businessweek)
  • According to a federal government agency, student loan debt in the US surpassed 1 trillion dollars "several months ago.
  • (World Socialist Web Site)
  • Washington, D.C. police arrested three University of Wisconsin students who serve or have been elected to serve in student government positions during a protest against rising student debt outside a prominent student loan lender.
  • (Badger Herald)
  • Millions of students graduating from college this year will have a shadow hanging over their heads. An estimated two-thirds are burdened with student loans -- $25,000 on average.
  • (Abc Local Web)
  • In an email to its clients, Dominion Bond Rating Service (DBRS) proclaims "STUDENT LOAN DEBT WEIGHS ON U.S. ECONOMIC RECOVERY". Student Loans will prevent a generation of potential home borrowers from every qualifying for a loan.
  • (The Business Insider)
  • Student debt has risen to alarming levels and policymakers have finally begun to take note. But as usual, the problem appears to be far out in front of efforts to contain it.
  • (consumer affairs.com)
  • Meet Kelli Space. She went to Northeastern University to get a degree in sociology. And she graduated in $200,000 of student loan debt. In the economys newest trillion-dollar crisis, she is the 1 percent.
  • (Yahoo Finance)
  • The debt collector on the other end of the phone gave Oswaldo Campos an ultimatum: Pay $219 a month toward his more than $20,000 in defaulted student loans, or Pioneer Credit Recovery, a contractor with the U.S.
  • (Omaha World-Herald)

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