Justin Hamilton

Teacher’s Wages Garnished as U.S. Goes After Loan Default

Lawyers drained Linda Brice’s bank account and seized a quarter of her take-home pay, or more than $900 a month. Brice, a first-grade teacher and Coast Guard veteran, begged for mercy, saying she couldn’t afford food, gas or utilities.

Obama Ban on For-Profit College Recruiting Bonuses Upheld

The Obama administration’s rule barring for-profit colleges from paying recruiters bonuses tied to the number of students they sign up was upheld by a federal appeals court.

Obama Relies on Debt Collectors Profiting From Student Loan Woe

The debt collector on the other end of the phone gave Oswaldo Campos an ultimatum:

Taxpayers Fund $454,000 Pay for Collector Chasing Student Loans

Joshua Mandelman made $454,000 in a single year as a student-loan debt collector -- more than twice the pay of the U.S. secretary of education.

Colleges Confuse Students With Letters Offering Aid That’s Debt

Susan Romano read her son Zach’s financial-aid letter from Drexel University, and her eyes jumped to the line highlighted in yellow: “$13,442 expected payment” for the first year at the $63,000-a-year school.

Obama Plans Overhaul of Student-Loan Debt Collector Practices

The Obama administration proposed requiring that debt collectors let student-loan borrowers make payments based on what they can afford, rather than on the size of their debt.

Republicans Call for Congressional Probe of Student-Loan Program

House and Senate Republicans asked Congress’s investigative arm to examine the U.S. Education Department’s student-loan program, saying the agency may not be doing enough to help borrowers in default.

Senators Request Probe of For-Profit College Rules

Republican Senators Richard Burr and Tom Coburn called for an investigation of government disclosure of proposed regulations restricting federal aid to Apollo Group Inc., Education Management Corp. and other for-profit colleges.

Duncan Says Education Law Reform Will Struggle to Pass Congress

U.S. Education Secretary Arne Duncan said getting a renewed version of the No Child Left Behind education law passed by Congress will be an “uphill” struggle, and defended his proposal to give states waivers to adopt school reforms.

How Paulson Gave Hedge Funds Advance Word of Fannie Mae Rescue

Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July 21, 2008, and market fears were mounting. Four months earlier, Bear Stearns Cos. had sold itself for just $10 a share to JPMorgan Chase & Co.

"We go out of our way to help folks."

- Justin Hamilton on Jul 01, 2012

New York

Washington

California

Aston Sets $4.85 Million Record, Mouse Nest DB5 $486,469

North Korea Test-Fires 3 Missiles as U.S. Sees Further Isolation

Commuter Train Wreck Injures Dozens, Curbs Amtrak Service

Republicans Unsatisfied by IRS Answers Press for More

U.S. Stocks Advance on Leading Indicators, Sentiment Data