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Showing blog posts tagged with student loans

This Is an Emergency

Ohio AFL-CIO NextUp members show us their collective student loan debt.

Senate Republicans this month blocked Sen. Elizabeth Warren’s (D-Mass.) bill that would let students refinance their college loans. It’s not the first time. They also did it in June.

Don't they realize "student loan debt is an emergency?" writes AFL-CIO Secretary-Treasurer Elizabeth Shuler in her recent MomsRising column

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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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Student Debt Abuse: It’s Not Just Sallie Mae

Student Debt Abuse: It’s Not Just Sallie Mae

The U.S. Department of Education Office of Inspector General just released a scathing audit report on the department’s Office of Federal Student Aid’s (FSA's) handling of contracts with private companies that collect defaulted federal student loans.

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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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Shareholders to Sallie Mae: Disclose Your Lobbying Activity

Image via Heathermg/Flickr

Sallie Mae, the United States’ largest student lender, got a wake-up call at its annual meeting on June 25, when more shareholders voted “for” than voted “against” the AFL-CIO’s stockholder proposal, calling for full disclosure of all company spending on lobbying in Washington, D.C., and each of the 50 states.

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Student Debt: Probably as Bad as We Thought

The Brookings Institution, looking at data from 2010, has issued a report claiming the student debt issue isn’t as bad as people think. Using Federal Reserve data on households headed by 20- to 40-year-olds, they conclude that horror stories of people struggling with student debt are exaggerated. Problem is, more current data suggest student debt is more serious than Brookings suggests.

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

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

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

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

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

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

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

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

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

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