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Financial inequities persist under Obama

You don’t have to be a Republican to sling some mud at our lame-duck president. Sen. Kirsten Gillibrand, D-N.Y., dared suggest that student loan rates should equal those charged to large banks, 0.75 percent; she’s appalled by the “business-as-usual” mindset in Washington. After much haggling, Congress passed bipartisan legislation that pegs student loan rates to… Continue Reading Financial inequities persist under Obama

Rate of delinquent student loans rises 36 percent

The amount of delinquent student loans was $3 billion during the first two months of the year, an increase of more than 36 percent from a year ago, said the latest National Consumer Trends Report form Equifax. Balances in bankruptcy cases remained level at $.5 billion, according to the report. The increase in derogatory or… Continue Reading Rate of delinquent student loans rises 36 percent

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President Barack Obama will make a three-state swing next week to call on Congress to prevent interest rates on student loans from doubling. The White House says Obama will speak at universities in North Carolina, Colorado and Iowa. All three are key general election battleground states. College-aged voters are also a critical constituency for the… Continue Reading Obama to launch student loan interest rate effort

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Obama taking on student loan relief Wednesday

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President Barack Obama is outlining a plan Wednesday to allow millions of student loan recipients to lower their payments and consolidate their loans, in hopes of easing the burden of the No. 2 source of household debt. The move to assist struggling graduates and students could help Obama shore up re-election support among young voters,… Continue Reading Obama taking on student loan relief Wednesday

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Colorado health care professionals could be eligible to receive up to $105,000 to pay off student loans. The state health care professional loan repayment program offers to repay loans to health care workers who are employed in an outpatient practice in a Colorado where there is a health professional shortage. Colorado Springs is one of… Continue Reading Doctors, nurses can apply to erase student loans

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Student loan applications to be simplified

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Parents and students facing the pile of paperwork needed to qualify for a student loan might soon be breathing a sigh of relief. Beginning with the 2010-2011 academic year, the United States Department of Education will introduce a process to help simplify the student loan application process. The Obama administration has requested Congress to enact legislation to… Continue Reading Student loan applications to be simplified

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