Sen Warren Speaks Out on Student Loan Rates Increase
New Brochure Helps Explain Service Members’ Federal Student Loan Benefits
U.S. military service is certainly not for the 'faint of heart.' From yearlong deployments away from family and friends, to missed birthdays, holidays, and wedding anniversaries, to the inherent risks of military training and combat, it is among the most arduous jobs an American could volunteer to do. And yet, young men and women continue to answer their nation's call to service and for those sacrifices, we are grateful. With hard duty comes many federal educational benefits that service members and their families may…
Student Loan Interest Bill We Can Live With
Student loan interest rates are set to rise in July unless Congress acts. Typically I'd be pushing for Congress to come up with a more permanent solution, but a temporary measure seems like the best we can get at this late hour, because the proposed longer term "solutions" are in fact a hit to the wallets of students and families. For instance, the bill the House passed last week is worse than doing nothing and actually makes things more expensive for students. I applaud Senator Elizabeth Warren for introducing the Bank…
Generation I.O.U.
Heather joined a panel of education, policy and financial experts this week to help find prescriptions for what is ailing a generation burdened by student loan debt. Watch the summit, sponsored by Yahoo! Finance and Yahoo! News, and tell us what you think.
House to Vote Tomorrow on Bill that Would Make Student Loans More Expensive
The House of Representatives is scheduled to vote tomorrow, May 23, on House Resolution 1911. Under the bill, sponsored by U.S. Reps. John Kline and Virginia Foxx, new federal student loans would have variable interest rates set using the following formula: Stafford loans (subsidized and unsubsidized): 10-year Treasury Note plus 2.5 percent, capped at 8.5 percent. PLUS loans (graduate and parent): 10-year Treasury Note plus 4.5 percent, capped at 10.5 percent. Students and families would end up paying even more for student loans…
