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Showing blog posts tagged with student loan debt

Give Responsible Student Loan Borrowers a Chance

Student loan borrowers are trying to do the responsible thing by paying off their loans but are being punished with high interest rates.

When you take out a mortgage or car loan, you can refinance the loan to get a better interest rate. With student loans, however, you’re stuck with the interest rate set by Congress, even though that rate is high enough to produce massive profit beyond the costs of operating the student loan program. And that's just not fair. 

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Missing the Point

Currently, the debate on American colleges and universities is dominated by the cost of tuition. This debate misses the point.

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New Law Will Increase Student Loan Interest Rates for Borrowers

New Law Will Increase Student Loan Interest Rates for Borrowers

Post-secondary students and their parents are in for a treat as they begin financial preparations for the coming school year.

Under the Bipartisan Student Loan Certainty Act, signed into law last summer, just as new federal student loan rates were set to double, student loan interest rates are now tied to financial markets, which means as the financial markets get stronger interest rates will get higher.

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Here’s What We’re Reading: Monday News Roundup

Here’s What We’re Reading: Monday News Roundup

Here are some headlines from the working families’ news we're reading today (after the jump).

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Low-Wage Villain of the Week: Sallie Mae

Photo via Heathermg/Flickr

In our new regular feature, we'll be taking a look at the villains who are doing their best to prevent the United States from raising wages for all or some Americans. In this series, we're going to try to take a look past the usual suspects—for example, too often elected officials get in the way of a fair economy, but we want to dig deeper.

This week, we’re focusing attention on a giant student lender and loan servicer, Sallie Mae. 

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Obama Signs Executive Order on Student Loans and Pushes Refinance Bill

President Obama signed an Executive Order on Monday, calling on the Department of Education to expand a program to lower monthly federal student loan payments for 5 million student loan borrowers

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Comparing Unions to Hitler: Winners and Losers of the Week

Photo courtesy Recuerdos de Pandora on Flickr

In our regular weekly feature, we'll be taking a look at the winners and losers of the week in the struggle for the rights of working families. The winners will be the persons or organizations that go above and beyond to expand or protect the rights of working families, while the losers will be whoever went above and beyond to limit or deny those rights.

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New Bill Would Increase Pell Grant Limits, Making College More Affordable

The cost of attending college continues to rise, and working families are having trouble keeping up. Over the past five years, education funding has been slashed by politicians pursuing a misguided strategy of austerity. This has forced public colleges to raise tuition and cut back on student and faculty support to balance their budgets.

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Why Sen. Warren’s Refinance Bill Is a Big Deal

Image via Edward Kimmel/Flickr

Sen. Elizabeth Warren introduced a bill today to allow borrowers to refinance their outstanding student loan debt. The Warren bill is an excellent step toward easing the crushing $1.2 trillion student loan debt borne by graduates and reducing barriers to higher education for working families.

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If You're Not Rich in America, This Will Cost a Lot More

"If you're not rich in America, college costs more," says Sen. Elizabeth Warren (D-Mass.) "It costs more because you have to borrow the money and pay and pay and pay. And not just pay the cost of the education, not just pay over time the cost to borrow, but pay to produce a profit for the United States government."

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