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GOP Weekly Address: Rep. Lynn Jenkins Urges Action on Student Loans

GOP Weekly Address: Rep. Lynn Jenkins Urges Action on Student Loans

US House of Representatives(WASHINGTON) — In this week’s Republican address, Rep. Lynn Jenkins, R-Ks., a mother of two college students urges Senate Democrats to approve bipartisan student loan reform.Inaction caused the interest rates on many student…

What Happens to Student Loan Debt After Death?

What Happens to Student Loan Debt After Death?

JupiterImages/Comstock Images(NEW YORK) — If the borrower of a student loan dies, is the spouse liable for that loan? The answer is: it depends.With traditional loans, as long as the spouse is not listed as a co-signer or joint account holder, he or s…

Student Debt Impacting US Economy

Student Debt Impacting US Economy

JupiterImages/Comstock Images(NEW YORK) — According to a recent study, students should consider the statistics before taking out a loan to help pay for college.Two-thirds of students take out loans to pay for college, and their combined debt could hav…

Could the Sequester Impact Your Student Loans?

Could the Sequester Impact Your Student Loans?

JupiterImages/Comstock Images(WASHINGTON) — While Republicans and Democrats fight over how to deal with the automatic budget cuts that start Friday, the sequester will almost certainly mean cuts to programs for college students.That includes cuts to s…

Graduates, Parents Riddled with Student Debt Turn to Bankruptcy

Graduates, Parents Riddled with Student Debt Turn to Bankruptcy

The Bryski Family(PALMDALE, Calif.) — A mourning father in California finally resolved his dead son’s student loan debts more than four years with an exhausting journey through the courts and other maneuvers.Francisco Reynoso, 57, of Palmdale, Calif.,…

Mom Inherits Dead Son’s Student Loans, Petitions to Have Them Forgiven

Mom Inherits Dead Son’s Student Loans, Petitions to Have Them Forgiven

JupiterImages/Comstock Images(NEW YORK) — Three years after her son’s death, a 61-year-old Michigan woman is still on the hook for his student loans — and a Change.org petition she started now has nearly 200,000 signatures demanding the compani…

Report: Burden of Debt Continues to Grow for College Students

Report: Burden of Debt Continues to Grow for College Students

JupiterImages/Comstock Images(NEW YORK) — The burden of debt for college students who take out loans continues to rise, according to a new report out Thursday.  “Two-thirds of new graduates had loans and their average debt was $26,600 dolla…

Sarah Lawrence Tops List of Most Expensive US Colleges

Sarah Lawrence Tops List of Most Expensive US Colleges

iStockphoto/Thinkstock(NEW YORK) — A college degree may be losing its value, but the price tag for a four-year education continues to rise.The cost to attend college for one year exceeded $60,000 for the first time this year, according to Campus Grott…

Student Loan Debt Weighing Down the Young and Poor

Student Loan Debt Weighing Down the Young and Poor

JupiterImages/Comstock Images(NEW YORK) — Millions who’ve gone to college say they owe a lot to their education.Unfortunately, millions still owe a lot for their education, with close to 20 percent of all U.S. households saddled with student loan debt…

More Social Security Money Withheld Because of Unpaid Student Loans

More Social Security Money Withheld Because of Unpaid Student Loans

Comstock/Thinkstock(NEW YORK) — About twice as many Social Security recipients are not receiving all of their Social Security payments this year because they have unpaid federal student loans, according to a report by SmartMoney.com.According to a 199…

Lax Student Loan Standards Created Debt Crisis, Report Finds

Lax Student Loan Standards Created Debt Crisis, Report Finds

JupiterImages/Comstock Images(NEW YORK) — Lax loan standards have left many college graduates struggling to repay private student loans, according to a new study.A report by the Consumer Financial Protection Bureau (CFPB) and the Department of Educati…

President Obama Signs Student Loan Rate Extension, Transportation Bill

President Obama Signs Student Loan Rate Extension, Transportation Bill

The White House(WASHINGTON) — Fresh off his campaign bus tour, President Obama Friday signed into law an extension of low federal student loan rates and a transportation spending package that he championed around the country as a way to boost the econ…

Congress Passes Transportation Extension with Student Loan Fix

Congress Passes Transportation Extension with Student Loan Fix

iStockPhoto/Thinkstock(WASHINGTON) — After months of wrangling, arm-twisting, bitter debate and closed-door negotiations, Congress finally has a bipartisan deal for the American people. Just in time.The agreement, which couples a student loan interest…

Congress Passes Transportation Extension with Student Loan Fix

Congress Passes Transportation Extension with Student Loan Fix

iStockPhoto/Thinkstock(WASHINGTON) — After months of wrangling, arm-twisting, bitter debate and closed-door negotiations, Congress finally has a bipartisan deal for the American people. Just in time.The agreement, which couples a student loan interest…

Student Loan Deal Taking Shape on Capitol Hill

Student Loan Deal Taking Shape on Capitol Hill

Alex Wong/Getty Images(WASHINGTON) — Congress is starting to see some light at the end of the student loan impasse tunnel.Both the Democratic and Republican leaders in the Senate Tuesday announced that a deal is almost complete to avoid student loan r…

Obama, GOP Clash over Student Loans

Obama, GOP Clash over Student Loans

JupiterImages/Comstock Images(WASHINGTON) — President Obama on Thursday demanded that lawmakers act to prevent interest rates on student loans from doubling on July 1, saying it was “mind-boggling” that the stalemate has lasted this long.&…

Cities Offer to Pay Student Loan Debt to Gain Young Residents

Cities Offer to Pay Student Loan Debt to Gain Young Residents

JupiterImages/Comstock Images(NEW YORK) — In Niagara Falls, N.Y., a man shortly will attempt a daring feat — and he isn’t Nik Wallenda.  Seth Piccirillo, Niagara Falls’ new director of community development, will attempt to lure young profession…

Obama Slams Congress for Failing to Act on Student Loans

Obama Slams Congress for Failing to Act on Student Loans

KIM JAE-HWAN/AFP/Getty Images(LAS VEGAS) — Touting his efforts to make college more affordable, President Obama Thursday blasted lawmakers for failing to extend low-rate student loans.“This is a no-brainer,” the president told students at …

Small Signs of Progress Show in Student Loan Impasse

Small Signs of Progress Show in Student Loan Impasse

Alex Wong/Getty Images(WASHINGTON) — Is progress being made in the student loan impasse? Perhaps a little. Late Thursday Senate Majority Leader Harry Reid, D-Nev., counter-offered two proposals of his own to pay for the one-year extension of stud…

Student Loan Standoff, Finger Pointing, Continues

Student Loan Standoff, Finger Pointing, Continues

ABC News(WASHINGTON) — The Senate Minority Leader declared it is the White House, not Congress, that is preventing an agreement to avoid the student loan rates from doubling in July.As Vice President Joe Biden sits down Tuesday with college presidents…

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