Welcome guest, please Log In or Register

June 3, 2013

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…

May 24, 2013

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.

May 22, 2013

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…

May 11, 2013

Mothers Like Low Interest Rates for Student Loans

President Obama and House Republicans seek a long-term fix to the federal student loan rate problem. Without Congressional action, subsidized Stafford federal student loan rates will double to 6.8% on July 1. Last year, Congress extended the deadline that would have mandated federal interest rates to rise from 3.4% to 6.8%, effectively punting the issue down the road one year. Here is a brief summary of the four proposed solutions on the table: 1. President Obama's Fiscal Year 2014 Budget Request: Employs a market-based solution for setting…

‹ First  < 9 10 11