Wednesday, March 21, 2012

Student loan

  • Almost two-thirds of U.S. student- loan borrowers misunderstood or were surprised by aspects of their loans or the student-loan process, a study shows.
  • (Bloomberg)
  • The amount Americans owe on student loans is far higher than earlier estimates and could lead some consumers to postpone buying homes, potentially slowing the housing recovery, U.S. officials said Wednesday.
  • (Wall Street Journal)
  • Spencer Pritchard, a first-year political economics student at University of California, Berkeley, has less control over his professional career than hed like.
  • (Huffington Post)
  • For months, regulatory agencies have been throwing around all sorts of estimates on the size of the student debt bubble.
  • (The Business Insider)
  • A petition to Rep. John Kline (MN-2), The United States House of Representatives, and 2 others which says: Total outstanding student loan debt in America is expected to exceed $1 TRILLION this year.
  • (DAILY KOS)
  • The rise in student loan debt is alarming and needs to be addressed by state and federal governments.
  • (Minneapolis Star Tribune)
  • NEW YORK, Mar 21, 2012 (BUSINESS WIRE) -- Fitch Ratings has assigned the following ratings to the Rhode Island Student Loan Auth.
  • (CNBC)
  • If youve gotten accepted this month to the college of your dreams, pause to celebrate. Then write Congress. For unless it acts, the interest rate on federally subsidized Stafford loans will soar to 6.8 percent July 1 from 3.
  • (Hartford Courant)
  • A voter asked Mr. Romney about the provision in a town hall in Vernon Hills, Ill., Sunday evening. He said his payments were capped at 10% of his income. "If that's repealed it will be devastating for us financially," the voter said.
  • (Wall Street Journal)
  • A top Senate Democrat took aim at the private student-loan industry Tuesday, calling for new rules that would allow educational debts to be wiped away during bankruptcy. Majority Whip Richard J. Durbin (D-Ill.
  • (Washington Post)

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