Higher One’s Student Debit Cards Target of Class Action Suit

Higher One’s Student Debit Cards Target of Class Action Suit

Soaring student loan debt is mostly measured in outstanding balances, but there are companies aligned with the nation’s public universities that charge student additional fees for accessing financial aid refunds ...
Harvard Grad Erases $90K in Student Loan Debt in 7 Months

Harvard Grad Erases $90K in Student Loan Debt in 7 Months

Harvard graduate Joe Mihalic paid off his $90,000 student loan debt in a remarkable seven months, becoming a blog celebrity after his story hit most major media outlets. His blog, nomoreharvarddebt.com, has gone ...
Student Loan Debt ‘Clock’ Ticks Past $1 Trillion

Student Loan Debt ‘Clock’ Ticks Past $1 Trillion

This was the week that total student loan debt surpassed the $1 trillion mark, at least according to the ticking clock on FinAid.org, the popular financial aid site. The milestone, ironically enough, occurred the ...
U.S. Consumer Credit Soars 10%, Most Since 2001

U.S. Consumer Credit Soars 10% in March, Most Since 2001

Propelled mostly by auto and student loans, U.S. consumer credit soared 10 percent, or $21.4 billion, in March, the largest monthly jump since November 2001, according to figures released today by the Federal Reserve. The ...
Student Loans: Senate Takes on Rate-Doubling Issue

Student Loans: Senate Takes on Rate-Doubling Issue

It’s the U.S. Senate’s turn to take up the hotly politicized issue of rising student loan rates before a fast approaching July 1 deadline that will affect some 7.4 million students. The rate on subsidized Stafford ...
Obama: Protect Veterans from Predatory Student Lending

Obama: Protect Military from Predatory Student Lending

President Obama has signed an Executive Order to crack down on “bad actors” that prey on veterans and service members considering higher education, including those who provide false or misleading information ...
Credit Card Issuers Target Students, Despite Reform Rules

Credit Card Issuers Target Students, Despite Reform Rules

A new study shows that college students are still being targeted with mailed offers and gifts from credit card issuers, despite reform rules that took effect two years ago with the intent to diminish such practices. The ...
President Obama and House Speaker John Boehner

Lawmakers Play Politics with Student Loan Rates

It has been a dizzying week for the topic of rising student loan debt, with President Obama touring college campuses and pushing for Congress to stop a July 1 doubling of rates on federal Stafford loans. House Republicans ...
Boehner: Cut ‘Obamacare’ to Stop Student Loan Rate Hike

Boehner: Cut ‘Obamacare’ to Stop Student Loan Rate Hike

Speaker John Boehner said the House will vote Friday on a bill to extend the lowered rate on federally subsidized Stafford loans, but the proposal left a taste of political one-upmanship. The $5.9 billion Republican ...
Obama Gets Personal About Student Loan Debt

Obama Gets Personal About Student Loan Debt

President Obama arrived at the University of North Carolina at Chapel Hill today to tell young voters that he relates to them, particularly because he and the First Lady understand the burden of student loan debt. “We ...
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