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Senate Vote Fails: Student Loans Back on the Operating Table
On July 1, interest rates on subsidized Stafford loans doubled from 3.4 percent to 6.8 percent. The news was a blow to the nearly 7 million students who are expected to take out new loans at the...
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Friday’s Midday Movers: 3 Stories Driving Markets
The major markets were wavering Friday after posting major gains Thursday. As of noon: DIJA: -0.04% to 15454.12 S&P 500: -0.12% to 1672.99 NASDAQ: +0.02% to 3578.87 Gold: -1.89% to 66.6 Oil: +0.9%...
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Market Rates or Bust: Student Loan Negotiations Take a Step Forward
To summarize long story, the rate on subsidized Stafford loans increased from 3.5 to 6.8 percent on July 1 because Congress — par for the course — failed to act in time. The interest rate is...
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Is This a Student Loan Deal That Can Avoid Getting Torpedoed?
“When Democrats and Republicans work together and have a real debate on a real problem, we can come up with commonsense solutions that benefit all Americans.” Save Time Make Money! A new stock idea...
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Can President Obama Convince Congress to Act on Student Loans?
On Tuesday, the Obama Administration issued a statement urging Congress to “swiftly pass a bipartisan compromise to keep student loan interest rates low this year.” The deal on the table — called the...
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Trouble in Paradise: Democrats Disagree on Student Loan Fix
There’s been a lot of rhetoric over the past few years about how Republicans — particularly some of those in the U.S. House of Representatives — have stood in the way of of legislation. President...
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Student Loans: Did This Congress Deal Make it Better?
College students and those with a higher education in the cards cheered the measure passed by Congress earlier this week. The deal eased worries that interest rates on Stafford loans would double from...
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Is the Debt Ceiling Worse Than Sharknado?
Source: Sharknado Trailer Two years ago, Standard & Poor’s delivered the United States its first credit downgrade in history. The ratings agency made the decision shortly after Congress agreed to...
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What Is President Obama Doing to Student Loans?
Last Friday, President Barack Obama signed a bill into law, setting new interest rates for student loans. President Obama was very excited when signing the bill, saying “Feels good signing bills. I...
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Consolidating Loans: Is it Right for You?
It can be a hassle to have any loan, whether big or small. Having to keep track of when your payments are due, how much interest you have to pay (if you have a variable interest rate), and also...
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