26 Jan, 2012 [ (0) Comment ]

Student Loan Interest Rate Set to Double Unless Congress Acts – WILX

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In 2007 Congress passed the College Cost Reduction and Access Act. The act phased in a 3.4 percent rate for subsidized Stafford loans for undergraduate students. But that rate is set to expire.

"At a time when Americans owe more in tuition debt than credit card debt,...


23 Jan, 2012 [ (0) Comment ]

Keeping watch

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WASHINGTON -- A company's obligations don't stop with the law. It also needs to be fair and upfront with customers.

That's the message from Richard Cordray, who was named by President Barack Obama as the first director of the Consumer Financial Protection Bureau.

12 Jan, 2012 [ (0) Comment ]

Student Loans: Worth The Debt Or Not?

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36 million people nationally have federal student loans they must pay back. Some central Ohioans say they are struggling financially, and their degree was not worth...


5 Jan, 2012 [ (0) Comment ]

President Obama Highlights Student Loan "Know Before You Owe" Efforts in …

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Kevin Niedermier / WKSU

A crowd of about 1,300 awaited President Barack Obama in the...

30 Dec, 2011 [ (0) Comment ]

Student loan debt pivotal issue

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The amount of debt that's being carried by certain consumers in this country is growing by about $2,800 a second.

It's not mortgage debt, and it's not credit card debt. Those are two financial time bombs we've (kind of) gotten a handle on, by some analysts' reckoning. No, this credit menace...


13 Dec, 2011 [ (0) Comment ]

Student Loans Threatening Future of US Economy

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Student loans have been in the spotlight more than ever recently as the Occupy Wall Street movement sheds light on the severity of student debt and the trouble most postgraduates experience paying it back.

Many college graduates who took out loans 10 or 20 years ago and entered the job market...

10 Nov, 2011 [ (0) Comment ]

Wisconsin students contend President Barack Obamas college loan service measures will help

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Every little bit helps.

That is the attitude of Wisconsin college students and financial aid directors who are welcoming the new measures President Barack Obama announced Wednesday that aim to ease the burden of higher education loan debt.

Annual reports published...


10 Nov, 2011 [ (0) Comment ]

Radford University financial assist executive says Obama college loan devise could "calm fears"

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For years, a federal student aid form has been the ticket that has helped many attend college.

"I wouldn't have been able to go to school...

6 Nov, 2011 [ (0) Comment ]

Obama reforms tyro loans

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Although some student loan holders could have an easier time paying back their debts now that President Barack Obama has reworked the post-graduate loan structure, some university officials and students questioned whether the measure is worthwhile in this critical economic climate.

Using executive authority, Obama announced last week a series of...