Tuesday, April 3, 2012

Student loan debt recovery

  • WASHINGTON -- The federal student loan program seemed like a great idea back in 1965: Borrow to go to college now, pay it back later when you have a job.
  • (Huffington Post)
  • The federal student loan program seemed like a great idea when it was started more than four decades ago. But many borrowers these days are close to flunking out, tripped up by painful real-life lessons in math and economics. Surging above $1 trillion, U.
  • (AP - msnbc.com)
  • I follow Political Advocacy group called Occupy Student Debt. This organization has made it their mission to expose the stories of people devastated by the weight of student loan debts, and bring that message to legislators.
  • (Hornell Evening Tribune)
  • The debt collector on the other end of the phone gave Oswaldo Campos an ultimatum: Pay US$219 a month toward his more than US$20,000 in defaulted student loans, or Pioneer Credit Recovery, a contractor with the U.S.
  • (Financial Post)
  • Rohit Chopra, student-loan ombudsman for the Consumer Financial Protection Bureau, said student debt could ultimately slow the recovery of the housing market. First-time home-buyers are a substantial part of the housing market, Mr.
  • (Wall Street Journal)
  • 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.
  • (Arlington Heights Daily Herald)
  • 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.
  • (Businessweek)
  • While many students take out these loans in the hopes of better paying jobs, the massive amount of debt they acquire prevents them from buying homes shortly after graduating, adding to the already stagnant housing recovery.
  • (Catholic Online)
  • The dramatic rise in student debt—and in student loan defaults—could leave the American taxpayer fueled by a sluggish economic recovery, accelerated stimulus spending and a more practical student mindset.
  • (Special Report - CNBC)
  • According to the new Consumer Financial Protection Bureau, outstanding student loan debt now tops $1 trillion. And more than a quarter of that debt is delinquent.
  • (Reason.com)

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