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 [...]
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 …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 …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 [...]
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