When it comes to alleviating the enormous burden of student loan debt on young Americans, there are typically two solutions reformers have in mind: Bankruptcy relief, or a full-out student loan bailout. But joinStampede, an ambitious campaign that launched just over two weeks ago, hopes to harness the power of collective action to work with lenders themselves to negotiate...
(1 month and 22 days ago)
The number of young borrowers who have fallen behind on their student loan payments has soared over the past four years, a report from the Federal Reserve Bank of New York says.
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Young, educated workers were once seen by banks as the most promising borrowers. That's no longer the case, thanks to student loan debt.
(26 days ago)
The Obama administration is forecast to turn a record $51 billion profit this year from student loan borrowers, a sum greater than the earnings of the nation's most profitable companies and roughly equal to the combined net income of the four largest U.
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NEWPORT, Maine — Regional School Unit 19 Superintendent Greg Potter said he was relieved after a $2.8 million stabilization loan was approved by voters a week ago, but there is still more work to do. Voters in the eight towns that represent the district approved the loan 1,815 to 1,634 ...
(2 months and 2 days ago)
Appearing on MSNBC’s Daily Rundown with Chuck Todd, MSNBC host S.E. Cupp discussed the Republican Party’s ongoing effort to appeal to younger and more diverse voting demographics. She was asked if Sen. Marco Rubio’s (R-FL) recent admission that he is a fan of hip hop is enough to attract the youth vote. She replied that it was not and added that Rubio’s appeal to young...
(2 months and 27 days ago)
WASHINGTON -- House Republicans are willing to give President Barack Obama a rare victory on college loans. The GOP-led House Education and Workforce Committee is backing an idea in Obama's budget proposal to link student loan interest rates to market rates. That's according to Chairman John Kline of Minnesota, who tells The Associated Press he'll add a cap to calm fears of...
(8 days ago)
Filed under: Student Loans, College, Interest Rates, SavingMandel Ngan, AFP / Getty Images America's student loan debt problem is nothing new: For years, the media has been offering up a flood of stories about people facing decades of debt repayment and crushing interest rates. But with tuitions still rising and employment options for college grads still stagnating,...
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Cost of a college education is increasing, and student loan debt is soaring. Between 2005 and 2012 the average student borrower's debt increased by 58 percent. A Forbes.com blog reports the average student loan borrower...
(27 days ago)
NEW YORK (TheStreet) - As banks have exited the student loan business, a variety of non-traditional entities have entered the market, prompting the Consumer Financial Protection Bureau on Thursday to propose rules to tighten supervision. The effort comes in the wake of calls to better respond the growing student-debt problem. The rules aim at expanding the Bureau's...
(2 months and 5 days ago)
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