students, student loans

Obama to Congress: Don't raise student loan payments

President Obama kicked off a week of appeals to young voters on Saturday by urging Congress to maintain the interest rate on student loans, keeping the costs of college stable.

Recovery threatened by runaway student loan debt

The federal student loan program seemed like a great idea back in 1965: Borrow to go to college now; pay it back later when you have a job.

Student Loan Debt Hits $1 Trillion -- Pre-Paid College Tuition Plans May Make a Comeback

We thought we’d dodged a bullet. When the Consumer Financial Protection Bureau announced that student loan debt had passed the $1 trillion mark my first thought was one of relief since our last child is graduating from college next month. Even though his tuition has almost doubled during his tenure as a student at the University of California, we were fortunate that he will be able to graduate without student loan debt. That may change in the future if he decides to complete a graduate degree, but my husband and I wiped our brows with a collective sigh of relief.

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Student loans seen as potential ‘next debt bomb’ for U.S. economy

Bankruptcy lawyers have a frightening message for America: They’re seeing the telltale signs of a student loan debt bubble that is placing increased financial pressure on families struggling with their children’s mounting debt. According to a recent survey by the National Association of Consumer Bankruptcy Attorneys, more than 80 percent of bankruptcy lawyers have seen a substantial increase in the number of clients seeking relief from student loans in recent years.

President to Ease Student-Loan Burden for Low-Income Graduates

An expansion of the income-based college-loan repayment program is expected on Wednesday, lowering monthly payments and allowing some loan consolidation.

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Calls for Wiping Out Student Loan Debt Leave Americans Split on New 'Bailout'

As Occupy Wall Street protesters and their anti-bank message pick up momentum, among the unofficial list of grievances is a demand to have creditors forgive student loans. But a new survey suggests Americans are split on the idea, and education analysts say it would duplicate the same bad behavior the protesters are decrying.

Senh: I'm not sure how I feel about this. My initial reaction is that this sets a bad precedent for neglecting your obligations. Student loans already have one of the lowest interest rates. The economy is still in the gutters, and unemployment rate is still very high. It's so tough to find a job nowadays, especially for new college grads, so they do need some kind of relieve - maybe allow them to get delay repayment until the economy improves. Taypayers bailed out the financial institutions, and so far they're not showing customers any return in kindness; instead, they're charging them more fees. Only until recently did taxpayers see some of that kindness returned when the banks report that they're giving out more loans to small businesses. Still, it's hard to see any of it going directly to taxpayers. Wiping out student loans would directly benefit taxpayers, but the banks won't do it.

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Obama lashes out at banks over student loans

President Barack Obama on Monday criticized the largest U.S. banks for their efforts to thwart legislation that would overhaul federal student loan programs.

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