WASHINGTON -- House Republicans are willing to give President Barack Obama a rare victory on college loans. The GOP-led House Education and Workforce Committee is backing an idea in Obama's budget proposal to link student loan interest rates to market rates. That's according to Chairman John Kline of Minnesota, who tells The Associated Press he'll add a cap to calm fears of...
(10 days ago)
ATLANTA — Thousands of students couldn't afford to go to college this school year because the U.S. Department of Education made changes to a popular loan program.The agency is putting more scrutiny on the PLUS loan program as part of an effort to more closely align government lending programs with industry standards and decrease default rates.
(2 months and 23 days ago)
The past few months have been punctuated by games of one-upmanship in the personal loans market which does beg the question, how low can loan rates go?
(2 months and 17 days ago)
Congresswoman Annie Kuster, D-NH, spent part of her Monday at Nashua Community College talking with students about how the imminent doubling of student loan interest rates will affect their lives.
(20 days ago)
WASHINGTON (AP) - It's a better deal at first, but college loan rates could steadily climb and cost students more over the long haul under the plan House Republicans are considering.
(3 days ago)
Filed under: Student Loans, College, Interest Rates, SavingMandel Ngan, AFP / Getty Images America's student loan debt problem is nothing new: For years, the media has been offering up a flood of stories about people facing decades of debt repayment and crushing interest rates. But with tuitions still rising and employment options for college grads still stagnating,...
(1 month and 2 days ago)
President Barak Obama's college scorecard shows Florida's state universities generally rank low for tuition, borrowing and loan defaults.
(3 months and 5 days ago)
WASHINGTON — Congressional inaction could end up costing college students an extra $5,000 on their new loans. The rate for subsidized Stafford loans is set to increase from 3.4 percent to 6.8 percent on July 1, just as millions of new college students start signing up for fall courses. The difference between the two rates adds up to $6 billion. Just a year ago, lawmakers...
(1 month and 20 days ago)
It is common knowledge by now that the US has a student loan problem. Specifically, a subprime-sized, student loan default problem, which as was reported last year, has now surpassed a 23% default rate at "for profit" institutions. Yet as all statistical measures, this one too deals in means and medians: very boring, impersonal metrics. Where the truly stunning data emerge...
(2 months and 30 days ago)
That rate hike only hits students taking out new subsidized loans. Students with outstanding subsidized loans are not expected to see their loan rates increase unless they take out a new subsidized Stafford loan. Read more
(1 month and 21 days ago)
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