Monthly Archives: December 2013

Recovery Slows Due to Student Loan Debt

The Wall Street Journal reports today that the economic recovery in the U.S. is being slowed by the volume of student loan debt. 2012 ndergraduate students who borrowed and graduated owed on aaverage about $30,000.00 an increase of 25% from … Continue reading

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Skin In The Game Centerpiece of 2014 Agenda

New legislation being introduced by three Senators Richard Durbin of Illlinois, Jack Reed of Rhode Island and Elizabeth Warren are introducing a key piece of legislation aimed at punishing schools with high default rates. Apparently they will be making this … Continue reading

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New Student Loan Bill of Rights

Pages 1-9 of the this "Bill of Rights" are really just pages devoted to proposed regs on private student loans. Download the full bill here then give it quick read. (lol) http://www.defaultprevention.com/pdf/student-loan-rights.pdf

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Look out Sallie Mae Says’Big Bro )

Student loans are now over one trillion, wow! That is one big number. Now Big Bro, Uncle Sam, and the big dog are coming to look at that servicers books and practices. With student debt rising and so called "predator" … Continue reading

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ReAuthorization

There seems to be an understanding in DC that HEA of 1965 will not be reauthorized this year, re- authorization could be extended a year (or more). The 3rd round of Gainful Employment Rulemaking is scheduled for this Friday.

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Recent Student Loan Act of 2013

Higher interest rates attached to government securities are going to throw additional burdens on future college graduates. Think about borrowing money for your house at 8% interest, nobody would be buying houses and the economy would come to a standstill. … Continue reading

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Durbin and Boxer trying to Reign in Private Student Loans

Senator Dick Durbin (D-Ill.) and Senators Elizabeth Warren (D-Mass.) and Barbara Boxer (D-Calif.). are trying to curb so called ills of the private student loan sector. Apparently they have an understanding that the private sector has the ability to print … Continue reading

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