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Keyword: studentloan

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  • Student-Debt Overhang Is Pushing Down U.S. Rates, Dudley Says

    04/05/2017 9:31:22 AM PDT · by Wally_Kalbacken · 42 replies
    Bloomberg Markets ^ | ‎April‎ ‎3‎, ‎2017‎ | Matthew Boesler
    The rising burden of student debt is weighing on interest rates in the U.S., and it would be a ďreasonable conversationĒ for policy makers to explore making college tuition free, Federal Reserve Bank of New York President William Dudley said. The growing pile of student debt is ďobviously one headwind to economic activityĒ that ďprobably pushes in that direction of lower equilibrium real ratesĒ because it limits householdsí spending power, Dudley said Monday during a press briefing in New York.
  • Thanks To Obama, Taxpayers Are On The Hook For Spring Break Bacchanalia

    03/11/2017 3:48:06 AM PST · by IBD editorial writer · 18 replies
    Investor's Business Daily ^ | 3/10/2017 | John Merline
    For years we've heard a lot about the terrible plight of those unfortunate college students who've been saddled with student loan debt. And, at least from Democrats, we've heard urgent calls for "debt relief." What we haven't heard about, until now, is what exactly students are using their college loan money for. Now we know, thanks to a survey by LendEDU, a student loan news website. In a nationwide survey, LendEDU asked students whether they were planning to use any loan money to help pay for travel or lodging for Spring Break. What they found was that nearly 31% said...
  • Obama's Legacy: Half Of College Students Now Expect Taxpayers To Bail Them Out

    03/04/2017 4:43:17 AM PST · by IBD editorial writer · 13 replies
    Investor's Business Daily ^ | 3/3/2017 | Staff
    Student Loans: When President Obama came into the White House eight years ago, he promised a "New Era of Responsibility." It didn't work out that way, particularly for student loans, leaving President Trump with a huge mess to clean up. In fact, when it comes to borrowing for college, students are being utterly irresponsible. A recent survey by LendEDU of 500 current college students found that 49.8% of them think that the federal government will forgive their loans after they graduate. "In reality," LendEDU's Mike Brown notes, "a very small percentage of graduates will even qualify for Public Service Loan...
  • Let Them Go Bankrupt: The federal student loan guarantee isn't all it's cracked up to be.

    02/18/2016 6:33:13 AM PST · by SeekAndFind · 14 replies
    Weekly Standard ^ | 02/18/2016 | Ike Brannon
    Most student loans in the United States are guaranteed by the federal government. The main difference between private loans and the guaranteed loans is that the former usually come with a higher interest rate: Students generally don't seek these out until they cannot access guaranteed loans any longer. However, neither type can normally be discharged via bankruptcy. The problem with government-backed loans is that the guarantee creates a moral hazard of the same sort that bedeviled mortgage markets before and during the Great Recession. A college can treat a guaranteed student loan as a sure thing with no attendant obligations:...
  • Student loan subsidies blamed for nearly all college tuition increases

    12/22/2015 9:44:07 AM PST · by SeekAndFind · 51 replies
    America Thinker ^ | 12/22/2015 | Thomas Lifson
    A new study from the prestigious and scrupulously non-political National Bureau of Economic Research (which designates the beginning and end of recessions) blames student loan subsidies for nearly all of the tuition increases that have caused college education to become so expensive as to financially cripple families and indebted students.  Professor Alex Tabarrock explains the highly technical paper at the Foundation for Economic Education: Grey Gordon and Aaron Hedlund create a sophisticated model of the college market and find that a large fraction of the increase in tuition can be explained by increases in subsidies. (snip) Remarkably, so much...
  • How to Fix the Student Debt Crisis

    12/02/2015 7:12:23 AM PST · by SeekAndFind · 22 replies
    City Journal ^ | 12/02/2015 | Steven Cohen
    Each of the Democratic presidential candidates has come out in favor of some version of a plan to make college "free." This staggeringly bad idea would cost a half-trillion dollars per year. Things that seem to "cost nothing" can often wind up being worth nothing. College is no different. Students need to have some "skin in the game." They will make more considered choices-about where they go to school, how much debt they take on, how hard they party, and how diligent they are in their studies-if they're paying something. That's not to say that growing student debt isn't a...
  • Hillaryís Student Loan Proposal Fails to Understand Math, Millennials

    08/15/2015 6:45:05 PM PDT · by SeekAndFind · 13 replies
    Townhall ^ | 08/15/2015 | Spencer Brown
    Millennials. Some think we’re lazy, others think our unorthodox career paths are how we game the system. Among our biggest pet peeves are a lack of upward mobility and a rigid, one-size-fits-all prescription for finding success. The worst? When established keepers of the status quo try to force the future they think is best, with little opportunity to escape the allegedly good intentions of an overzealous government. Just what has our expansive government done for young Americans, and what will it do to us as we get older? Forty million of us pursued higher education and are on the hook...
  • How One Hedge Fund Is Betting Against The $1.2 Trillion Student Loan Bubble

    08/11/2015 3:10:27 PM PDT · by SeekAndFind · 7 replies
    Zero Hedge ^ | 08/11/2015 | Tyler Durden
    On Monday, we got some color on Hillary Clintonís $350 billion plan to make college more affordable. Students and former students across the country owe more than $1.2 trillion in college loans, and as Bill Ackman so eloquently put it earlier this year, "thereís no way theyíre going to pay it back." The fact that Americaís student loan bubble is the focus of what may well end up being one of Clintonís most expensive policy proposals speaks volumes about the urgency of the problem.†Of course there are some other folks who understand how quickly the situation is deteriorating. Chief...
  • Overeducated Writer Explains Why He Defaulted On His Student Loans, Asks "Am I a Deadbeat?"

    06/07/2015 2:33:27 PM PDT · by SeekAndFind · 63 replies
    Zero Hedge ^ | 06/07/2015 | Tyler Durden
    There are some valid points raised in Lee Siegel's 1100 word rant against college loans (if not so much against college education). There are some bad ones. But two things are clear: the words "personal" and/or "responsibility" were used precisely zero times, and the op-ed writer, who described himself as "the author of five books who is writing a memoir about money", is hardly a glowing advertisement for an education attained (funded with either debt or equity) at one of the Ivy League's "best", Columbia University.That, or the return on money after spending nearly a decade in university and...
  • Are Student Loans the new Sub-Prime Bubble?

    04/17/2015 7:46:44 AM PDT · by SeekAndFind · 6 replies
    American Thinker ^ | 04/17/2015 | Chriss Street
    On April 15 Tax Day,¬†Americans paid about the same amount of income tax as total student loans outstanding. The St. Louis Federal Reserve on the same day published a report titled ‚ÄėStudent Loan Delinquency: A Big Problem Getting Worse?' The Fed has determined that of the $1.3 trillion in non-bankruptcy-dischargeable student loans, the delinquency rate for students in repayment is over 27 percent. With tuition at the University of California and other top schools growing faster than inflation, student loan defaults are skyrocketing. Prior published student loan reports have stated that the ‚Äú30+ days delinquency rate for all student...
  • The Real Student Loan Crisis Is The One Obama Created

    04/17/2015 5:28:23 AM PDT · by afraidfortherepublic · 20 replies
    Investor's Business Daily ^ | 4-16-15 | Editorial
    rresponsibility: A new report finds that 27.3% of student loans are delinquent. Why does this matter? Because thanks to President Obama, about $1 trillion dollars of student loan debt is owed to the federal government. Obama keeps trying to portray the student loan crisis as a problem suffered by students burdened by a mountain of debt when they graduate, and who are unable to make enough money to pay it back. But that's not the real crisis. First, average student loan debt is only a little over $20,000. A student who gave up his $5-a-day Starbucks habit could pay off...
  • Obamaís Budget Contains a Federal Student Loan Bailout

    02/10/2015 10:01:03 AM PST · by Sean_Anthony · 11 replies
    Canada Free Press ^ | 02/10/15 | Alan Joel
    How did the federal student loan program rack up such massive debt so quickly? Let's take a look at Obama's recent reform efforts and programs to help provide relief to student borrowers. A few days ago, Politico revealed a little gem hidden in the Obama budget: ďIn obscure data tables buried deep in its 2016 budget proposal, the Obama administration revealed this week that its student loan program had a $21.8 billion shortfall last year, apparently the largest ever recorded for any government credit program.Ē Thatís a nearly $22 billion lossófor one program, for one year. Politico described how that...
  • Obamaís student-loan program $22 billion in the hole for FY2015

    02/05/2015 8:02:22 AM PST · by SeekAndFind · 8 replies
    Hotair ^ | 02/05/2015 | Ed Morrissey
    In the federal budget, just how big a hole would $22 billion be? As Michael Grunwald points out at Politico, that‚Äôs ‚Äúlarger than the annual budget for NASA, or that of the Interior Department and EPA combined[.]‚ÄĚ And the shortfall is entirely due to the changes Barack Obama has made to student-loan programs ‚ÄĒ and could grow to ten times that amount over the next decade: In obscure data tables buried deep in its 2016 budget proposal, the Obama administration revealed this week that its student loan program had a $21.8 billion shortfall last year, apparently the largest ever...
  • Bureaucrats With Berettas

    01/13/2015 10:14:04 AM PST · by afraidfortherepublic · 41 replies
    The American Conservative ^ | 1-13-15 | Kelley Vlahos
    Itís a morning Kenneth Wright will never forget: 15 armed agents break in his front door and grab him by the neck, still in the boxer shorts he slept in. For six hours, a handcuffed Wright sat in a cruiser parked outside with his three children, ages 3, 7, and 11, while agents searched his house. ďThey put me in handcuffs in that hot patrol car for six hours, traumatizing my kids,Ē the Stockton, Calif., resident told a local news outlet at the time. Drugs? Weapons? Domestic violence? No. As Wright later found out, his gun-toting visitors were from the...
  • Donít Believe the Hype: Thereís Still a Student Loan Crisis

    01/05/2015 2:29:33 PM PST · by SeekAndFind · 11 replies
    TIME Money ^ | 01/05./2015 | Mitchell D. Weiss
    When it comes to student debt, it's not fair to blame students for being in over their heads. In the first of its reports (April 2014), the BCEP concluded that not only is the price tag for governmental student loan relief programs much higher than originally thought, but their existence presents an irresistible temptation for students to ďengage in more risky behavior because they donít have to bear the full cost of their actions.Ē As such, the center urges policymakers to eliminate the forgiveness portions of the various relief programs to ďreduce the potential for over-borrowing by requiring borrowers to...
  • Time To Stop The Sob Stories About Student Loan Debt

    09/19/2014 7:29:29 AM PDT · by SeekAndFind · 55 replies
    Forbes ^ | 09/19/2014 | Jeffrey Dorfman
    The media and advocates for income redistribution are creating a continual stream of stories about the student loan crisis. We are inundated with sob stories about people suffering under a crushing debt burden. The New York Times alone has had stories on how student loan debt is now a problem for senior citizens, how young peopleís lives have been ruined, and how a whole generation will be unable to buy homes because of their student loan debt. Luckily, these stories are based simply on a few scattered cases. In reality, there is no student loan debt crisis and it is...
  • MARK CUBAN: 'The Student Loan Bubble Is Going To Burst'

    06/20/2014 11:49:07 AM PDT · by SeekAndFind · 46 replies
    Business Insider ^ | 06/20/2014 | Myles Udland
    Screenshot via Inc.comMark Cuban thinks colleges are going to go out of business.In a clip on Inc.com, Cuban talks about the student loan bubble, which he says will burst and end badly for colleges.The end of the student loan bubble, Cuban says, will be like the housing bubble, where tuition collapses the way the price of homes collapsed.†These collapses will put colleges out of business.Cuban:"It's inevitable at some point there will be a cap on student loan guarantees. And when that happens you're going to see a repeat of what we saw in the housing market: when easy credit...
  • Education Secretary Arne Duncan: No, we donít actually know the cost of our student loan program

    06/11/2014 3:10:24 PM PDT · by SeekAndFind · 8 replies
    Hotair ^ | 06/11/2014 | Erika Johnsen
    An unsurprising yet groan-inducing addendum to the empty gestureexecutive order President Obama so magnanimously introduced this week to allow millions of student-loan borrowers to cap their monthly payments at 10 percent of their current income and then be fully forgiven after 20 years ‚ÄĒ a ‚Äúfavor‚ÄĚ to borrowers to lessen their burdens that will, in the long run, only serve to inflate future tuition prices and borrowing costs ever further. I missed this on Monday, but the WFB didn‚Äôt:CLICK ABOVE LINK FOR THE VIDEO SECRETARY OF EDUCATION ARNE DUNCAN: We actually don‚Äôt know the cost yet. Obviously we have...
  • Obama issues another executive order bypassing Congress

    06/09/2014 6:50:42 AM PDT · by SeekAndFind · 31 replies
    American Thinker ^ | 06/09/2014 | Rick Moran
    In a bid to give one of the Democrat's vital constituencies a lhand, President Obama will issue an executive order today that will cap student loan repayments at 10% of a borrower's monthly income.Politico: President Barack Obama said in his weekly address Saturday that he would take action on student loan issues in the coming days, but gave no details. The executive order, first reported by the New York Times, will expand on a 2010 law that capped borrowers’ repayment but left a hole in eligibility for people with older loans. Those left out of that relief include people who...
  • Weekly Address: Obama Vows to Go Around Congress on Student Loans (Video)

    06/08/2014 12:01:37 PM PDT · by blueyon · 38 replies
    Breitbart TV ^ | Breitbart TV/Pam Key
    White House: In this week's address, President Barack Obama underscored the importance of helping to lift the burden of crushing student loan debt faced by too many Americans and......