Student Loan News

Get the latest student loan news from LoanWorkout.org.

Lenders’ Fears Could Raise Interest on Student Loans

(Source: By Ben Wolfgang The Washington Times) – As if rising tuition costs weren’t enough, many college students could soon face higher interest rates on their student loans, another potential aftershock of last week’s U.S. credit downgrade by Standard & [...]


Posted in Student Loan News | Tagged , , , , , , | Leave a comment

Graduates Saddled With Student Loans May Pay Dearly for Decades to Come

(Source: LJ World By Andy Hyland) – Ian Hrabe remembers the phone calls. They started cordially, but got nastier and nastier, until finally the student loan company was calling at 7 a.m., demanding payment on its loan.


Posted in Student Loan News | Tagged , , , , | Leave a comment

Repaying Your Student Loan

Congratulations (Source: The Bulletin By Dana Newton) — you have graduated from university. However, your excitement about graduating may quickly be tempered by the realization that you must soon begin to repay sizeable student loans.


Posted in Student Loan News | Tagged , , , , , , | Leave a comment

Student Loans: A Crisis in Waiting?

NEW YORK (Source: MainStreet By Seth Fiegerman) — The country may still be grappling with the aftermath of the housing bubble’s burst, but one recent report suggests a different bubble may be looming on the horizon: student loans.


Posted in Student Loan News | Tagged , , , , , | Leave a comment

Students May Never Repay Loans

(Source: MorpethHerald) – Many graduates are unlikely to ever pay back their tuition fee loans, regardless of the cost of their course, it has been suggested.


Posted in Student Loan News | Tagged , , , , , | Leave a comment

Choose Student Loans on Your Own Terms

(Source: By Gail MarksJarvis Chicago Tribune) – Students preparing to go to college this fall might be preoccupied with choosing a computer or shopping for sheets that fit a dormitory bed.


Posted in Student Loan News | Tagged , , , , , , | Leave a comment

College Kids Turning to Loan Sharks for Tuitions

(Source: Joongang daily) – Chang Yu-ri, a second-year college student studying at a high-ranking private university outside Seoul, is frequently squeezed for cash these days.


Posted in Student Loan News | Tagged , , , , | Leave a comment

Repay Student Loans by Selling a Kidney, Says British Academic

(Source: Bio Edge by Jared Yee) – Kidney donors should be paid £28,000 for their organs, says an academic who claims the move could help students pay off their university debts. In a comment published online at BMJ.com, Dr Sue [...]


Posted in Student Loan News | Tagged , , , , , , , | Leave a comment

For-Profit College Chain In Kentucky Accused Of Cheating Students Out Of Financial Aid

(Source: Huffington Post) – The Kentucky Attorney General filed suit Wednesday against a chain of for-profit colleges in the state, claiming that administrators at Daymar Colleges have consistently deceived students by making false promises about the ability to transfer course [...]


Posted in Student Loan News | Tagged , , , , , | Leave a comment

Choose Student Loans on Your Own Terms

(Source: Chicago Tribune Gail MarksJarvis) – As you are preparing to go to college this fall, you might be preoccupied with choosing a computer or shopping for sheets that fit a dormitory bed.


Posted in Student Loan News | Tagged , , , , , , , | Leave a comment

Debt Ceiling Plans Take Aim At Graduate Student Loans

(Source: Forbes) – The competing deficit reduction/debt ceiling increase plans proposed by House Speaker John Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-NV) would both cut off subsidized Stafford student loans for graduate and professional students.


Posted in Student Loan News | Tagged , , , , | Leave a comment

RI Will Offer Zero-Interest Student Loans to Nursing Students Who Agree to Work in State

PROVIDENCE, R.I. (Source: The Republic DAVID KLEPPER) — Rhode Island nursing students who stay in the Ocean State after graduation are now eligible for four years of zero-interest student loans.


Posted in Student Loan News | Tagged , , , | Leave a comment

Rating Cut May Force Student-Loan Security Sales

(Source: Bloomberg By Sarah Mulholland) – A cut in the U.S. government’s AAA grade could force investors to sell asset-backed securities tied to student loans, causing spreads to widen “significantly,” according to Citigroup Inc.


Posted in Student Loan News | Tagged , , , , , , | Leave a comment

RI To Use Student Loans To Encourage Nursing

(Source: Bloomberg BusinessWeek) – Rhode Island will offer nursing students zero interest student loans if they agree to work in the state after graduation.


Posted in Student Loan News | Tagged , , , , | Leave a comment

The New Private Student Loan Sheriff Gets to Work

(Source: Higher Ed Watch Stephen Burd) – Starting Thursday, there will be, for the first time, a single federal agency in charge of regulating private student loans. The new Consumer Financial Protection Bureau (CFPB) replaces a patchwork of government agencies [...]


Posted in Student Loan News | Tagged , , , , , , | Leave a comment

College Graduates Grapple With Burden Of Student Loans

(Source: Yes Weekly By Keith Barber) – Despite growing up poor on Barney Avenue in Winston- Salem’s Southside neighborhood, James “Scooter” Scott was determined to become the first person in his family to go to college. Considering the seemingly insurmountable [...]


Posted in Student Loan News | Tagged , , | Leave a comment

Making College More Affordable, Accessible

(Source: Santa Maria Times) – Equal access to a high-quality education is the foundation for success, both for our kids and for our country.


Posted in Student Loan News | Tagged , , , , , | Leave a comment

Student Money: ‘Useless Degree’ Costly

(Source: FinancialPost Special Post) – I worked it out: I pay $250 per month on a $33,000 student loan.


Posted in Student Loan News | Tagged , , , , , | Leave a comment

Pay off Loans Before Investing

(Source: orlandosentinel) – Q: I’m a 23-year-old starting a $40,000-a-year job. I have $18,000 in student loans and an $8,000 car loan, both at 7 percent interest. I want to start a retirement fund, but should I pay off my [...]


Posted in Student Loan News | Tagged , , , , , , | Leave a comment

How Much Student Debt is too Much?

(Source: Source: The Boston Globe Cheryl Cost) – That’s a question I often hear from parents as they figure out how they and their children will pay for college — and its a great question to be asking. Many parents [...]


Posted in Student Loan News | Tagged , , , , , | Leave a comment

Profiting From the Subprime Arena of the Education Sector

(Source: Seeking Alpha) – As I stated in my previous column about student loans, America is experiencing a bubble in higher education. Universities across America will be victim to severe cutbacks, declines in enrollment, and student loan defaults. For-profit colleges [...]


Posted in Student Loan News | Tagged , , , , | Leave a comment

It’s Hard Out There for a Grad

(Source: News Review) – Bad news for college graduates: They’re leaving school with an average of $24,000 in student-loan debt, and 10 percent carry $40,000 or more. That rough start guarantees that they’ll delay some milestones, like buying a home [...]


Posted in Student Loan News | Tagged , , , , | Leave a comment

Lawyer: Don’t ignore the notices on student loan debt

(Source: Island Packet BY ALLYSON BIRD) – Maurice Rowlin went to college more than 25 years ago, but his unpaid student loans continued to accrue interest.


Posted in Student Loan News | Tagged , , , , | Leave a comment

High-Flying Career Never Materialized — But Debt Remains

(Source: FinancialPost) – Readers blog about their pursuit of higher education in response to the Financial Post’s series of stories on student debt:


Posted in Student Loan News | Tagged , , , , , , | Leave a comment

4 Ways for Parents to Help New Grads

(Source: Smart Money) – As more than a few members of the class of 2011 resettle into their childhood bedrooms, many parents are wondering, “How can I help?” There are plenty of ways, but a series of new tax laws [...]


Posted in Student Loan News | Tagged , , , , | Leave a comment

Sallie Mae-CU Link Helps Spur Lending Growth

(Source: Credit Union Times By Natasha Chilingerian) – The popularity of Sallie Mae’s Smart Option Student Loan referral program has increased significantly among credit unions since its inception. About 500 credit unions are now participating in the program, which allows [...]


Posted in Student Loan News | Tagged , , , , | Leave a comment

Are Student Loans an Impending Bubble? Is Higher Education a Scam?: Part II

(Source: Business Insider) – Few commentaries here at Sense on Cents have received as much attention as that which I wrote a few months ago highlighting issues within the student loan market and questioning the value and integrity of higher [...]


Posted in Student Loan News | Tagged , , , , | Leave a comment

Congress Proposes Relief for Student Loan Borrowers

(Source: US News) – As college costs continue to rise, and in an economic climate where family incomes are suffering, more and more students must borrow in order to gain access to higher education. The result is that an increasing [...]


Posted in Student Loan News | Tagged , , , , , , , | Leave a comment

Americans Worried by Soaring Tuition Fees

WASHINGTON (By Virginie Montet (AFP)— The spectacular rise in US college tuition fees is becoming a serious problem for students and many American families as they grapple with the worst economic crisis since the 1930s.


Posted in Student Loan News | Tagged , , , , , , | Leave a comment

Our View – The For-Profit Price of Federal Student Loans

(Source: Press Citizen) – Last week, Iowa Sen. Tom Harkin and the other Democrats on the Senate Health, Education, Labor and Pensions Committee heard horror story after horror story about how for-profit colleges and education companies were targeting at-risk populations, [...]


Posted in Student Loan News | Tagged , , , , | Leave a comment

Useful Information

Mortgage Calculators, Auto Loan Calculators, Personal Finance Calculators, Student Loan Calculators, Loan Modification, Loan Articles, Loan News