Mark Kantrowitz News
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Luke Nichter of Harker Heights, Texas, said he’s not a renter by choice. The Texas A&M University history professor’s $125,000 of student debt means he has no hope of getting a mortgage.
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President Barack Obama’s budget proposal tying student-loan interest rates to the market is drawing criticism from education advocates because there’s no cap to protect borrowers when rates climb.
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This much we know: College pays.
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Laura Sayer, unsure of what she wanted to do after graduating from college in 2006, figured a master’s degree was “a safe bet.”
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Terry Williams borrowed about $7,000 to earn a degree from Spelman College 38 years ago. For her youngest child, a sophomore at Belmont University in Nashville, she will take on almost $40,000 in parental loans.
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Needy U.S. borrowers are defaulting on almost $1 billion in federal student loans earmarked for the poor, leaving schools such as Yale University and the University of Pennsylvania with little choice except to sue their graduates.
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Discover Financial Services agreed to buy Citigroup Inc. ’s Student Loan Corp. in a deal valued at $600 million to become the third-biggest U.S. provider of private student loans.
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Discover Financial Services agreed to buy Citigroup Inc. ’s Student Loan Corp. in a deal valued at $600 million to become the third-biggest U.S. provider of private student loans.
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For-profit colleges are urging the U.S. Congress to change a law that threatens their access to billions of dollars in federal student aid, the companies’ biggest source of revenue.
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Delinquency rates on student loans made in the past two years stand at 15 percent in the U.S. as recent graduates struggle to find jobs, Fair Isaac Corp. said.
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