Student Debt Increasing Record Rates Due to Recession
Student loans are up about 50% since 2007 according to data from Equifax credit bureau according to Reuters. This will create negative long-term consequences for the housing and auto markets. According...
View ArticleChanges to Private Student Loans & Bankruptcy Law
Legislation has been introduced to change bankruptcy law to treat private student loans like other consumer debt. On April 22, 2010 Congressman Steve Cohen chaired a hearing on the issue. Durbin first...
View ArticleReport: Colleges That Leave Graduates With The Most Debt
The Project On Student Debt released their report on debt for the class of 2009 with an interactive state by state map. Forbes put together a list of colleges that leave students with the most in debt...
View ArticleStudent debt crisis threatens US economy according to International Business...
The International Business Times is reporting that the student debt crisis is a threat to the US economy. They state that based on recent data from the U.S. Department of Education student loans are...
View ArticleCredit card companies still target college students – despite new laws
The Washington Post reports that despite new credit cards laws of 2009 college students are still being targeted. From a survey of 300 students by Professor Jim Hawkins at the University of Houston Law...
View ArticleOhio Denies Law License for Grad with $170,000 in Student Loans
This is another example of a graduate being denied a professional license due to their student loans. Read how Ohio Supreme Court denied Hassan Jonathan Griffin his law license. Related Stories:...
View ArticleStudent loan debt will top credit card debt in 2011
In 2011 it is projected student debt will exceed 1 trillion dollars. According to Rich Williams, of PIRG, this is the second year in a show student debt will top credit card debt in the U.S.
View ArticleCredit cards back on campus
The Wall Street Journal reports credit card offers are back on campus due to loop-holes. Here’s an example. The CARD Act prohibited issuers from giving out “tangible items.” Instead they offer online...
View Article10 Things Student Loan Companies Won’t Say
SmartMoney.com has put together a list of 10 things student loan companies won’t tell you. Each item contains a small article to educated you. Here are the first 3: 1. Your co-signer could do you more...
View ArticleObama Student Loan Relief Act 2011
President Obama is taking steps to ease the burden of student loans. Student loans are set to reach 1 trillion dollars and have exceeded consumer credit card debt as of June 2010. Key Points: - Student...
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