Tag: student loans
Forgive Us Our Student Loan Debts?
Maria Mayo March 8, U.S. Rep. Hansen Clarke proposed theStudent Loan Forgiveness Act of 2012 (H.R. 4170). In making a case for the bill, he observed that the unemployment rate for college graduates was 9.1 percent in 2011, and that Americans’ outstanding student loan debt obligations now exceed $1 trillion. The bill aims “to increase purchasing power, strengthen [...]
STOP THE STUDENT LOAN INTEREST RATE FROM DOUBLING!
“Obama warns of congressional inaction on student loan bill” Rosalind S. Helderman and Amy Gardner, Published: June 7 LAS VEGAS — With a July 1 rate increase on education loans approaching, President Obama told students here on Thursday that it is Congress’s job to move swiftly to prevent the rise, even as Republicans in Washington accused him of ignoring their [...]
Senator Introduces Bill to Allow Private Student Loans to be Discharged in Bankruptcy
by Adam S. Minsky, Esq. There’s some more good news coming out of Congress (if you can believe that). A few weeks ago, Congressman Hansen Clarke introduced the Student Loan Forgiveness Act of 2012 which, if passed, would help millions of student loan borrowers better manage their federal and private student loans. Now, Senator Richard [...]
Student loans push up bankruptcies
A typical college graduate now owes about $25,000 when he or she finishes school. This could be the economy’s ‘next debt bomb,’ a bankruptcy attorney warns A new study has found that there has been a significant increase in the number of consumers seeking the help of bankruptcy attorneys as a result of outstanding student [...]
