U.S. Consumer Agency Slams Student Loan Servicers
The U.S. consumer watchdog reported widespread failures in the servicing of student loans on Tuesday and urged new rules to protect borrowers. Among the problems cited by the Consumer Financial Protection Bureau: inaccurate loan statements; refinancing delays that kept borrowers in high-rate loans; lost payments; and surprise late fees. Richard Cordray, director of the Consumer Financial Protection Bureau, said in a statement, "With one out of four student loan borrowers struggling to repay...
From: Wochit News
Related topics : student loan servicing
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President Obama Speaks on Student Loan Interest Rates in North Carolina
President Obama discusses the importance of a college education and why higher education should be affordable for all students willing to work hard, and calls on Congress to stop interest rates on federal Stafford loans from doubling in July. April 24, 2012.
From: The Obama White House
Related topics : interest rates loan / interest student loan
President Obama on Student Loan Interest Rates: "I know about this firsthand"
President Obama discusses the importance of a college education and why higher education should be affordable for all students willing to work hard, and calls on Congress to stop interest rates on federal Stafford loans from doubling in July. April 24, 2012.
From: The Obama White House
Related topics : interest rates loan / interest student loan
Student Loan Refinancing Can Help Borrowers
http://demos.org
As student debt continues to make up a larger financial obligation for American households, it is imperative that we provide student debtors with as many mechanisms as possible to pay back their loans as quickly as possible. One way to do so is to provide borrowers with an opportunity to refinance federal and private student loans down to current interest rates, thereby lowering their monthly payment and saving potentially thousands over the life of their loan.
From: Demos
Related topics : student private loan / federal student loan
Courtney: "Solving the student loan crisis should be a 'national priority'"
On May 7, 2012, Congressman Joe Courtney appeared on MSNBC's The Dylan Ratigan Show to discuss his legislation to prevent interest rates on subsidized Stafford student loans from doubling on July 1.
From: Joe Courtney
Related topics : subsidized loan interest rate / student loan rates
Student Loan Debt and Buying a House
Crushing student loan debt is making it harder for some Americans to buy a house. With the cost of a college education growing much faster than average salaries and inflation rates, it's no wonder families are struggling to participate in the housing market as early as they'd like. Student loan debt is usually considered a good investment in the future -- but new data confirms it's one that can come at the expense of other important goals.
A study by the Federal Reserve Bank of New York shows...
From: ExpertRealEstateTips
Related topics : mortgage student loan debt / federal loan bank of new york
Student loan interest rates to double
Some unwelcome news tonight if you're one of the millions struggling to payback your college loans. As we hear from 22News reporter Nicole Nalepa, the interest rate could soon double on these popular government subsidized loans.
From: WWLP-22News
Related topics : subsidized loan interest rate / interest rates loan / student loan rates
Refi CT Student Loan Refinancing from CHESLA
Refinance Today. It is never too late to find a better way. Check out CHESLA’s new Student Loan Refinancing program for great rates, flexible terms and a fresh start.
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From: CHESLA Loans
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