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College Loans

College Loans

Federal student loans remain available, but the caps on how much students can borrow have lagged far behind college costs. Freshmen, for instance, can't borrow more than $3,500 in federal loans. And other sources of funding are drying up:

Private loans. In a recent survey, 43% of private colleges said one or more lenders on their "preferred lender" list have stopped offering private student loans, according to the National Association of Independent Colleges and Universities, which represents private colleges.
Ref. https://abcnews.go.com/Business/Economy/sto...=4601450&page=1

Loans College

Good Sense: Borrowing Money And Pay Later?

First World Problems: Parents encouraged their kids to borrow ridiculous amounts of money in order to pay exorbitantly high tuition fees for college, but when it comes time to start paying it back the kids decided to be mad at the banks! Makes total sense - who would have ever thought they would have to pay back borrowed money? Next week: Occupy Wall Street protesters get angry about having to pay for internet, healthcare, college, food, iPads, computers, gas, cars, houses, shoes, jewelry, TVs, etc. You know, just the basic stuff everyone is entitled too. Ref. Source 7

College Loans UFO & Writing Art Education Sciences

A Survey Of Families: Grappling With College Costs


Renee Montagne interviews Sarah Ducich, senior vice president for public policy at Sallie Mae. The big student lender just issued a major report on how families are paying for college these days and among the findings, it shows that students are taking on more of the burden of paying for college compared to before.
Source: Education

Loans College

A bipartisan group of senators has reached a tentative deal to help students facing a doubling of interest rates on government-backed student loans, according to aides close to the deal.

Interest rates on subsidized loans doubled on July 1 because of congressional inaction. About seven million students were affected. This deal would change rates for all government-backed student loans.

The group would still need the support of 60 senators for their proposal to clear the chamber. After that, it would have to clear the GOP-controlled House. Ref. CNN

Loans College

Sallie Mae Allegedly Harassed Family Of Dead College Student To Pay Up On Debt:

Sallie Mae, one of the largest student lenders in the country, allegedly stalked the family of a law student who died in a car accident over the 24-year-old's unpaid debt, raising questions about how private companies deal with the financial obligations of the deceased. Ref. Source 2

College Loans

In our opinion: Restructure student loan repayment as equity instead of debt

The rate of borrowing to pay for a college education has steadily increased over the last two decades. Ref. Source 3

College Loans

The "Corinthian 100": Student loan recipients refuse to pay back their loans

Sarah Dieffenbacher is on a debt strike. She refuses to make payments on more than $100,000 in student loans. Ref. Source 6

College Loans Sciences Education Art Writing & UFO

Is student debt keeping Americans away from marriage? Having a student loan could influence whether America's young adults first union after college is marriage or cohabitation. Source 3p.