Archive for November, 2013

Government books $41.3 billion in student loan profits

Government books $41.3 billion in student loan profits

  The federal government made enough money on student loans over the last year that, if it wanted, it could provide maximum-level Pell Grants of $5,645 to 7.3 million college students. The $41.3 billion profit for the 2013 fiscal year is down $3.6 billion from the previous year but it

11.25.2013| Economics |

Comments Off
New Student Loan Rules Add Protections for Borrowers

New Student Loan Rules Add Protections for Borrowers

  If you are a former student having trouble paying back college debt, you may be relieved to hear that the Education Department has created new rules that will bolster borrower protections for federal education loans. The new regulations will make it easier for distressed borrowers t

11.13.2013| Student Loans |

Comments Off
Get Rid of Student Loan Debt Without Paying for It

Get Rid of Student Loan Debt Without Paying for It

  Sixty percent of 2012 college graduates went into debt to finance their bachelor's degrees, borrowing an average of $26,500, according to an annual report released last week by the College Board. Students who pursue a master's or professional degree often add tens of thousands of dolla

11.4.2013| Debt |

Comments Off