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House: Congress procrastinates with temporary interest rate reduction (The Daily Utah Chronicle)
Posted: July 15th, 2008, 11:07pm CDT
Congress' latest attempt to lower interest rates on student loans will provide little relief for most students, and the minor cut is only temporary. As a result of the College Cost Reduction and Access Act that the Democratic Congress passed in 2007, interest rates on government-subsidized loans were reduced this year from 6. -
Student loan firm sued over end to 'repayment bonus' program (Minneapolis-St. Paul Star Tribune)
Posted: July 15th, 2008, 10:46pm CDT
A class-action lawsuit has been filed against St. Paul-based student lender Northstar Higher Education for allegedly breaking its contract with student borrowers. -
Inheriting A Reverse Mortgage And Other Quandaries (NPR)
Posted: July 15th, 2008, 1:39pm CDT
Our personal finance contributor discusses how to resolve the reverse mortgage of someone who has died, whether to buy a home while living off student loans and how to prioritize debt. -
Student debt in N.H. 2nd in nation (Portsmouth Herald)
Posted: July 15th, 2008, 5:19am CDT
CONCORD — New Hampshire student loan borrowers have the second highest debt burden in the country. Eighty-two percent of the 1,500 borrowers surveyed said that without student loans, attending college would not have been possible, according to...