Student Loan Education

Obama’s Proposed Elimination of Taxpayer Subsidies for Banks Providing Student Loans: In September, 2009, the House voted 253-171 that the government should stop subsidizing the banking middlemen and use the money for direct loans and grants. Indeed, why should banks get free government subsidies to provide loans for which they are guaranteed repayment? For any [...]

Many recent and soon-to-be college graduates are facing thousands of dollars in debt that entry-level salaries may not be enough to cover, if they can find employment in the nation’s worst job market in decades. Nationally, about two-thirds of undergraduates who graduated in 2008 left school with an average of more than $23,000 in student [...]

Question about Obama’s speech, was he thinking at all when he talked about student loans and making them free :
He said something about giving a student 20 years to pay off their student loan, but if they didn’t, then the loan would be forgiven. Then he added if this student works in the public sector [...]

Yesterday, the President proposed to lower the percentage of one’s income you must pay on your federal student loans. Currently, payments on student loans are capped at 15 percent of income, and the new rate would be 10%. It is a fine idea, and coupled with the President’s earlier proposal to get banks out of [...]

Question about are you credit checked for student loans :
II plan to start university next year and will be applying for Student loans (the standard tuition and maintenance loans from the government) how do you get accepted for these? Will I be credit checked or just means tested?

In a statement, SLC said: “The Student Loans Company has identified an incident of fraud involving an employee at an outsourced call centre in Glasgow in December.

The programme, which is being led by the Joint Board of Teacher Education (JBTE), includes primary and secondary school teachers who have been teaching for just over a year.

Unesco urges governments to pay more attention to bringing in marginalised groups into education rather than just raising the number of years that those already in education remain in school.

With PLUS loans parents can borrow up to the total cost of education, minus any other financial aid amount the student is awarded. Though PLUS money is not cheap, it can make a difference when choosing which school to attend or whether to attend at all.

Question about private student loans :
Does anyone know if they have changed the laws yet that make private student loans eligible for bankruptcy?? I currently have over $50,000 in federal loan debt which thankfully is under IBR so my payment is 0 while unemployed. However, I have 30,000 in private loan debt which I have [...]