Slow Jam Student Loan News with Jimmy Fallon and President Obama
The Preezie of the United Steezie slow jammin' the news! Pell yeah!
Congressional Action Needed to Prevent Interest Rate Hike
If Congress fails to extend the low 3.4 percent interest rate on federal student loans for undergraduates, the rate will double on July 1, to 6.8 percent, affecting close to 8 million student borrowers. Estimates vary, but some will pay $1000 more in interest. The 3.4 percent interest rate was established by the College Cost Reduction and Access Act (CCRAA), of Income-Based Repayment and Public Service Loan Forgiveness fame. Rates were reduced over 4 years to 3.4, and are set to increase to 6.8 percent this July. President…
OMG! Congress cares about student loan borrowers? Pinch me!
A can of worms won't open itself. But, Republican members of the House Committee on Education and Workforce want us to tell them about the problems we have with Direct Loan servicing! No, really. The lawmakers are asking that we the borrowers share our experiences related to loan rehabilitation, debt collection, privacy concerns, and poor customer service. This will surely be a case of be careful what you ask for. Here's our chance, y'all. Post your comments through the committee's Facebook…
Video: Breaking Down Federal Student Loan Repayment
In this recent webinar hosted by my friends at iGrad, I break down each federal student loan repayment plan, so that borrowers can understand what choices they can make and the pros and cons of each available option. Recorded on March 27, 2012