Monthly Archives: April 2013

A whopping two-thirds of undergrads now graduate with student loan debt, making a total of $1 trillion currently waiting to be paid back. But will it be? For the first time ever, the student loan default rate now exceeds the … Continue reading →

As reported by ENEWSPF Begin Quote Today, Congressman Jared Polis (D-CO) and Congressman Tom Petri (R-WI), members of the Education and Workforce Committee, introduced the Earnings Contingent Education Loans (ExCEL) Act of 2013 to simplify and improve student loan repayment … Continue reading →

USATODAY, APRIL 27, 2013 Regina Lewis is a national television contributor and host of USA TODAY’s "Money Quick Tips" videos. Follow her on Twitter: @ReginaLewis. Regina says, "According to a TransUnion study, student loan balances increased a whopping 75% from … Continue reading →

If no Congressional action by July 1, then subsidized Stafford student loan interest rates will double from 3.4 percent to 6.8 percent, resulting in more money being due in repayment. The president’s budget has been met with criticism in both … Continue reading →

The problem of student loan debt in America is old news: The media has always been a deluge of stories about people who face decades of debt repayment and the crushing rate interest. Now tuition fees continue to rise and … Continue reading →

According to Lynn O’Shaughnessy / MoneyWatch/ April 11, 2013, President Obama seeks to end setting student loan interest rates. Mr. Obama’s budget proposes aligning rates on new student loans to more closely follow market rates. The rates would be linked … Continue reading →

The following is an excerpt from a recent article in the Huffington Post. Interesting!

Jason Gallaher from the Northridge Daily in CA reports on April 3, 2013 this interesting article on commissions and collections of defaulted loans. Private collection agencies and the U.S. Department of Education remain unclear about the specifics on their new … Continue reading →

Heidi Moore from the Guardian in the UK summarizes some U.S. student loan numbers, she states … Some essential facts and figures on the state of student loan debt in America that everyone should know The average student loan debt … Continue reading →

The Lantern reports via John Wernecke Ohio State students have a lower rate of loan default compared to students at other nationwide universities. OSU President E. Gordon Gee said a lower than average number of OSU students default on their … Continue reading →