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Student Loan Standoff, Finger Pointing, Continues

Student Loan Standoff, Finger Pointing, ContinuesABC 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...

Parents Delay Retiring to Pay Kids’ Student Loan Debts

Parents Delay Retiring to Pay Kids’ Student Loan DebtsJupiterImages/Comstock Images(NEW YORK) -- After years of hard work, saving up and an Air Force pension, Terry and Edward Fackler of Everett, Wash., thought they had retirement covered.Then the student loan debt started piling up.  It wasn’t...

Dueling Student Loan Bills Rejected in Senate

Dueling Student Loan Bills Rejected in SenateHemera/Thinkstock(WASHINGTON) -- The Senate made one last gesture this month to work on the Student Loan bill, but Democratic and Republican versions both failed in a last-minute, and half-hearted, attempt Thursday before lawmakers leave for a week-lon...

As Senate Debates Student Loans, Rubio Still Paying Off College Loans Himself

As Senate Debates Student Loans, Rubio Still Paying Off College Loans HimselfJoe Raedle/Getty Images(WASHINGTON) -- Sen. Marco Rubio, R-Fla., voted against taking up a version of the student loan bill offered by Senate Democrats and defended his vote by discussing the student loans he is still trying to pay off.“I think I...

Student Loan Bill Fails to Move Forward in the Senate

Student Loan Bill Fails to Move Forward in the SenateABC NewsUPDATE: The Democrats’ student loan bill, as predicted, has failed to move forward in the Senate.  Cloture on the “motion to proceed” to the bill was not invoked which means the bill will not be formally taken up. The vot...

Romney Says Students ‘Pulling Back’ from Obama

Romney Says Students ‘Pulling Back’ from ObamaEmmanuel Dunand/AFP/Alex Wong/Getty Images(EUCLID, Ohio) -- Mitt Romney Monday suggested that the Obama administration is going to promise “a lot of free stuff” to college students who are “pulling back” and who are not as &ldqu...

Jobs Data Reflects Plight of New Graduates

Jobs Data Reflects Plight of New GraduatesComstock/Thinkstock(NEW YORK) -- One of the bleakest spots in the tepid recovery of the U.S. jobs market is the difficulties young people are facing.  The unemployment rate for 16- to 24-year-olds was 16.4 percent in April.  Though this numbe...

Obama Boasts Jobs Report, Renews Push For Low Rate Student Loans

Obama Boasts Jobs Report, Renews Push For Low Rate Student LoansOfficial White House Photo by Pete Souza(WASHINGTON) -- President Obama highlighted the “good news” in the latest jobs report Friday, but stressed “we’ve got to do more” to boost the economy, including freezing low interes...

Student Loans: Law Graduate Sues Lenders for Interest ‘Scheme’

Student Loans: Law Graduate Sues Lenders for Interest ‘Scheme’iStockphoto/Thinkstock(NEW YORK) -- A law school graduate is suing his student loan lenders saying they had a "scheme" to collect additional interest from students in debt. Justin Kuehn, 29, a graduate of George Washington University Law School, accuse...

Boehner Asks Angrily, ‘Do We Have to Fight About Everything?’

Boehner Asks Angrily, ‘Do We Have to Fight About Everything?’Alex Wong/Getty Images(WASHINGTON) -- House Speaker John Boehner delivered an impassioned speech Friday on the House floor in support of the GOP’s legislation asking with a thump on the podium, “Do we have to fight about everything?”S...

Obama May Veto House-Passed Student Loan Bill Over Funding

Obama May Veto House-Passed Student Loan Bill Over FundingOfficial White House Photo by Pete Souza(WASHINGTON) -- The Obama administration Friday threatened to veto the GOP-proposed House version of a student loan bill because it would repeal a fund for preventive health services.  The House voted Friday...

Differences Persist in Congress’ Struggle to Extend Student Loan Rate

Differences Persist in Congress’ Struggle to Extend Student Loan RateiStockPhoto/Thinkstock(WASHINGTON) -- The top congressional leadership was out in full force on Thursday as leaders from both political parties in both chambers of Congress promoted the position of their respective caucuses in the latest battle over co...

Pelosi: GOP Plan on Student Loan Rate ‘Assault on Women’s Health’

Pelosi: GOP Plan on Student Loan Rate ‘Assault on Women’s Health’JEWEL SAMAD/AFP/Getty Images(WASHINGTON) -- House Minority Leader Nancy Pelosi railed against Republican efforts to offset the one-year extension of the 3.4 percent student loan rate by taking money out of a fund she believes is imperative to the &ldqu...

House to Vote Friday on 1-year Extension of Student Loan Rate

House to Vote Friday on 1-year Extension of Student Loan RateTOBY JORRIN/AFP/Getty Images(WASHINGTON) -- House Speaker John Boehner announced Wednesday that the House of Representatives will vote Friday to extend the current student loan interest rate of 3.4 percent for one year, just months before current law i...

President Obama Defends Student Loan Push

President Obama Defends Student Loan PushOfficial White House Photo by Pete Souza(IOWA CITY, Iowa) -- President Obama wrapped up his two-day college tour Wednesday afternoon with an impassioned pitch for Congress to freeze low interest rates for student loans, telling a rowdy crowd at the Uni...

Obama: College Debt ‘Not Something I Read About in Briefing Book’

Obama: College Debt ‘Not Something I Read About in Briefing Book’Alex Wong/Getty Images(BOULDER, Colo.) -- President Obama Tuesday night cast himself as a champion of an affordable college education and drew a veiled contrast with Republican rival Mitt Romney in a speech before an electrified crowd at the University...

Obama Courts Young Voters With Student Loan Appeal

Obama Courts Young Voters With Student Loan AppealBRENDAN SMIALOWSKI/AFP/Getty Images(CHAPEL HILL, N.C.) -- Wooing the young voters crucial to his re-election, President Obama Tuesday launched a passionate campaign-style appeal to students as he pressed lawmakers to prevent the cost of college from ri...

GOP Bash Obama on Student Loans Ahead of His College Tour

GOP Bash Obama on Student Loans Ahead of His College TourSAUL LOEB/AFP/Getty Images(WASHINGTON) -- President Obama on Tuesday begins a two-day tour of college campuses in three battleground states -- North Carolina, Colorado and Iowa -- in which he will press Congress to extend the 2007 law that keeps intere...

Obama to Make Student Loan Rates Next Big Fight

Obama to Make Student Loan Rates Next Big FightOfficial White House photo by Pete Souza(WASHINGTON) -- Move over, Buffett Rule. Interest rates on federal student loans are set to become the next election-year flash point between President Obama and congressional Republicans. The White House announc...

Student Loan Debt Continues to Soar

Student Loan Debt Continues to SoarJupiterImages/Comstock Images(NEW YORK) -- Two out of three college students graduating this spring will have student loan debt, with the average loan amounting to nearly $25,000.  And as costs continue to rise, the amount owed is piling up, causi...
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