House lawmakers on Thursday easily passed legislation to eliminate billions of dollars in federal subsidies to private insurers offering low-rate student loans. The proposal basically cuts out the private companies as middle-men between students and the federal government, which not only subsidizes the loans currently, but also protects the private More…
With a growing number of college grads finding themselves crushed under the weight of their student loan debt, the Obama administration is considering action that could derail the entire student loan industry. Groups who monitor campaign contributions, though, worry that the strength of the industry could block any shot at More…
The Obama administration’s push to phase out subsidies for private student loan companies and replace them with more efficient direct lending from the government is causing some serious agita among big banks that fear lost business, as The New York Times reported last week.
But curiously enough, the large More…
It should be no surprise that the weak economy is making it especially tough for new college graduates trying to find jobs. But huge student loan debts are adding to their dilemma — the payments don’t go away just because the job market is tough.
The Wall Street Journal More…
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