Obama to Congress: Stop Doubling of Student Loan Rates
President Obama will travel to North Carolina, Colorado and Iowa next week in a campaign to convince Congress to prevent interest rates on federally-subsidized student loans from doubling in July.
Subsidized Stafford ...
Agency Debuts Financial Aid Comparison Tool for Students
The Consumer Financial Protection Bureau has launched a beta version of the Financial Aid Comparison Shopper, an interactive tool for helping families plan for the costs of post-secondary education.
The beta version ...
JPMorgan Chase to Restrict Student Loans to Just Customers
JPMorgan Chase, the nation’s largest bank, is sharply limiting its private student loan business to only existing customers starting in July.
Banks and other private student lenders have been diminishing their ...
U.S. Consumer Credit Marks 6th Straight Monthly Gain
U.S. installment consumer credit grew at a slower pace in February than anticipated by economists, while credit card balances continued their 2012 decline, according to just-released Federal Reserve data.
However, ...
Sallie Mae’s Upromise Site to Fix Data Practices: FTC
The Federal Trade Commission has issued its final order settling charges that Upromise.com, a membership reward service for those saving for college, used a Web-browser toolbar to collect consumer data without adequate ...
Repayment Options Can Ease Student Loan Burden
Student loan debt has made headlines of late as the potential new bubble, overshadowing even the venerable American burden of credit card balances.
U.S. student loan debt from private sources and federal programs ...
Tactics of Student-Loan Debt Collectors Draw Complaints
The U.S. Education Department is turning to private debt-collection companies to aggressively get borrowers to pay as much as possible of the roughly $67 billion of federal student loans in default.
Earning commissions ...
CFPB: U.S. Student Loan Debt Reaches $1 Trillion
U.S. student loan debt from private sources and federal programs has hit $1 trillion, according to the Consumer Financial Protection Bureau.
The new U.S. agency overseeing most loan products has made that estimate ...
Student Loan Rates Set to Double July 1, Congress Reminded
Rates on federally subsidized student loans are poised to double in July for nearly 8 million borrowers – unless Congress takes action.
So a coalition of consumer advocates made sure to remind lawmakers of the ...
Got Gripes About Private Student Loans? Tell the CFPB
For the first time, borrowers with issues about their private student loans have a U.S. agency that will register their complaints and potentially get lenders to provide a resolution.
The Consumer Financial Protection ...




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