Monthly Archives: May 2013

11% of Student Loans 90 Days and Plus Delqinquency

The unpaid student loans epidemic has now surpassed the $1 trillion marker. Based on that number only, home mortgages carry more consumer debt in the United States. In a new report from the Department of Education, the agency claims that … Continue reading

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Interest Rate Hikes on July 1? Don’t Panic

The rate on subsidized Stafford loans — the federally sponsored loans available to students with need — jumps from 3.4% to 6.8% on July 1, barring a last-minute (and unlikely) save from Congress. Despite the headlines, there’s no reason to … Continue reading

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Huge Amounts of Student Loan Payments Hurt Borrowers Boost Uncle Sam’s Profit

U.S. Education Department’s project net income to a record $51 billion, directly related to huge student debt levels at large interest rates. " The Huffington Post reported that the $1.1 trillion in outstanding student-loan debt had generated about $120 billion … Continue reading

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Long Term Plan for Student Loan Interest Rates

By Stacy Teicher Khadaroo | Christian Science Monitor The interest rates set for student loans expire July 1 – one year after Congress took action. Now, there’s a growing desire to come up with a longer-term plan. It’s déjà vu … Continue reading

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Total Student Loan Debt Shrinks; Yet, Delinquencies Spike

From Investors Business Daily, Jason Ma View Enlarged Image Young student loan borrowers have reduced other debt, but their student loan repayment rates have suffered. Jason Ma reports school-loan balance for 25-year-old borrowers jumped 55% from 2005 to 2012, their … Continue reading

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Student Loan Rates Increase on July 1, 2013

Lett’s say you borrow $5,500 in subsidized federal loans , and have a ten year repayment plan. So your monthly payment will be about nine dollars more with a 6.8% interest rate. That’s roughly $1,000 more in the total amount … Continue reading

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Improving the Student Loan Program

​Here is an interesting article by Washington Post on May 5 by their editorial board regarding an improved approach to student loans.​ STUDENT LOAN interest rates are going to increase by 100% in July. And,that may be a good thing. … Continue reading

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