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Showing blog posts tagged with student loans

March Madness

1972–1973 UCLA Bruins men's basketball team team photo after 1973 NCAA Championship, Associated Students of the University of California at Los Angeles

This week, the Chicago regional office of the National Labor Relations Board ruled in favor of the College Athletes Players Association (CAPA) in determining that the scholarship football players at private Northwestern University had the right to form a union. Courageous leadership by Kain Colter of Northwestern and CAPA founder Ramogi Huma led to this victory. Now everyone is crying in their beer because the discussion has focused on athletes being paid. But, CAPA is about all that unions do: giving voice to the workers. Too little attention is focused on issues of player safety and health in the media storm following the ruling.

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For-Profit Colleges Be Warned, CFPB Is Sticking Up for Student Loan Borrowers

For-Profit Colleges Be Warned, CFPB Is Sticking Up for Student Loan Borrowers

The Consumer Financial Protection Bureau took a stand for student borrowers yesterday and sued ITT Educational Services, accusing the national college chain of predatory lending. 

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Have You Dealt with a Student Loan Debt Collector? Tell CFPB

Illustration by DonkeyHotey/Flickr Creative Commons

Tens of millions of Americans are carrying some $1.3 trillion in student debt as the cost of higher education has soared and needs and non-loan financial aid has dried up over the past quarter of a century. In addition, more than 7 million students and former students are in default on their college loans, according to the Consumer Financial Protection Bureau (CFPB).

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What You Need to Know About the Student Debt Crisis and the Latest Efforts to Fix It

Photo by a.mina/Flickr

As awareness of the student debt crisis continues to grow across America, some public officials in multiple branches of government are trying to help. This fall, the Consumer Financial Protection Bureau (CFPB) announced several new initiatives to regulate the private loan industry, and just recently, two groups of senators introduced bills to combat the rising cost of college tuition, increase access to higher education and provide student debt holders with a borrower’s bill of rights.

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Should the U.S. Government Be Profiting Off of the Student Debt Crisis?

Should the U.S. Government Be Profiting Off of the Student Debt Crisis?

Did you know that while millions of people struggle to repay their student loan debt, the U.S. government is extracting massive profits? 

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Refinancing the American Dream

Photo of a Occupy Wall Street student protester.

For generations, a college degree has been considered a path to the middle class. Millions of Americans have attended college with increasing frequency, making a down payment on their future with the promises of higher education.

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The Ominous Future of Education Debt

Photo by Images_of_Money/Flickr

The bad news on student loans just keeps coming. Within the past few months, federal student loan debt has surpassed the $1.2 trillion mark, Congress raised interest rates for incoming students and tied them to market swings and the average graduate from the class of 2013 left college with a record $30,000 of debt.

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Does College Have to Be a Debt Trap?

Photo courtesy NewsHouse

Katrina Vanden Heuvel has a great piece in The Washington Post this morning on the future of higher education and the trillion-dollar mountain of student debt weighing down millions of America's working families.

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New Deal on Student Loans a Mixed Bag

The U.S. House of Representatives joined forces with the Senate late yesterday to temporarily lower federal student loan interest rates. In a show of bipartisan force, the House voted to provide 7 million students and their families with a measure of relief as they prepare to finance their futures this fall.  

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The Student Debt Deal Trade-Off?

With the flourish of a bipartisan brush, the Senate approved a bill last night to lower federal student loan interest rates, providing a measure of relief to the 7 million students preparing to finance their futures this fall. Undergraduates borrowing for college this year will pay a 3.86% interest rate, instead of the previous 6.8% rate, while recipients of graduate student and parent loans will pay 5.4% and 6.5%, respectively. However, these likely will be the lowest interest rates students and their families receive for the foreseeable future.

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