Monthly Archives: November 2012

Student Loan Delinquencies at All Time High

Stu loan delinquencies hit all-time high 3rd quarter of 2012. Now for the first time jumping above credit card, car loans, and any other kind of debt consumers take on. All this was ccording to the New York Fed, outstanding … Continue reading

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Student Loan Bubble?

I read this article from Gary Jason with American thinker, and thought I would share it with you. For a number of years now, a number of critics of the American system of higher education have rightly insisted that there … Continue reading

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Subprime Student Loans and Wall Street Benefits

Five years after Wall Street crashed the economy by irresponsibly securitizing and peddling mortgage debt, the financial industry is coming under growing scrutiny for its shady involvement in student loan debt. For a host of reasons, including a major decline … Continue reading

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Student Loan Interest May Increase for Some

I read this article on the "DiamondBack" University of Marylands student newspaper, Americans want long-term solutions from a Congress that has been unwilling to negotiate over the last two years, but some compromises could come with a high price tag … Continue reading

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income-based repayment (IBR), details

The Department of Education recently announced that the changes to federal income-based repayment (IBR) and income-contingent repayment (ICR) plans have been finalized. The new Pay-As-You-Earn program simplifies the older methods, making plans more accessible and affordable. According to a statement … Continue reading

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NY Governor Orders Student Loan Payment Suspension

New York Governor Andrew Cuomo ordered the New York State Higher Education Services Corporation (HESC) to suspend collection efforts on student loan repayments for borrowers living in counties affected by Hurricane Sandy

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Veteran’s Day Tips on Repayment For Service Personnel

Monday, as the country honors Veterans Day, Sallie Mae offers student loan assistance to those who serve or have served in the armed forces. Service members may be far from home, incurring extra expenses due to deployment, or have infrequent … Continue reading

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Publicly Traded For Profit Stocks Drop After Election, Surprise?

Stock prices of for-profit education companies tanked Wed post Obama re-electeion. Obama’s administration has tightened federal regulations over their schools. Student populations at for-profit schools and universities soared during the recession as job-seekers tried to beef up their skills, but … Continue reading

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Why Do Many Students Drop Out? How About Too Much Student Loan Debt.

According to a new report (The Student Debt Crisis), since 2009, 36 million Americans have attended college without earning a degree. Consequently, 850,000 individual private loans valued at more than $8 billion are now in default. With high and variable … Continue reading

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Obama’s “Pay as You Earn” Student Loan Repayment Plan is Now Ready

The U.S. Department of Education last week issued the final regulations for the new, more-generous student-loan repayment program announced by the president last October. The plan, known as “Pay as You Earn,” will allow some graduates to peg their federal … Continue reading

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