Best Student Loan Consolidation Companies
We’re putting together a list of some of the best student loans consolidation companies. We’d appreciate some recommendation to add to the list. We will be adding reviews and rating soon!
Denied Professional License due to Student Debt
That’s right you can be denied a professional license for student debt. Accreditation boards have denied licenses or renewals to lawyers, nurses and physicians. Lynn O’Shaughnessy, of CBS Money Watch, sums it up with, “The judge’s decision made me wonder what’s next: Debtor prisons for delinquent student borrowers?” Read her full story
Spike in Defaults on Student Loans in NJ
Defaults on federal student loans spike over the past year for those students who left school in 2007. In one year the default rate increased by 83%. Read more
State Sued Over Student Loan Forgiveness by Dentist
A government agency in the state of Maine is being sued by a dentist after refusing to forgive her loans after she completed her time serving an under-served area in Maine. Read more
Frontline’s New Invesgitations on Credit Card Industry
Frontline is releasing a new report on the Banks, Credit and The American Consumer. Some of the top authorities on consumer spending agreeded to be a part of this. Watch it on PBS or Online November 24, 2009 at 9pm. They will be investigating the history of credit card industry and proposals for reform.
Spread the words to friends, family, and co-workers.
via DemocracyNow.org – “The Card Game“
Student Debt: 42% Live “Paycheck to Paycheck”
From the Miami Herald the U.S. Department of Education of education reports that college debtors:
- 34 percent have sold possessions to make ends meet.
- 42 percent live “paycheck to paycheck”
- 39 percent say they will take more then 10 years to pay it all off.
- 27 percent put off medical or dental procedures.
- 48 percent suffer from anxiety and sleeplessness.
- 43 percent put off grad school.
- 47 percent say their families should have done more to save for college.
Bill to Limit Student Credit Cards
Sen. John Nutting, D-Leeds, has heard many times. To prevent such problems in the future, Nutting has introduced a bill that would require anyone younger than 21 to get permission from a parent or guardian to get a credit card. Without their parents’ knowledge, students sign up for credit cards through the many offers made at colleges, Nutting said. Unschooled in financial matters, the students can quickly rack up sizable debts.
Read more about bill to limit college credit cards
Organization Fighting for Justice for Students
There is an organization that is fighting hard to deal with the backwards laws regarding student loans. Today on a radio program I heard there founder speak and learned that debt collection laws do NOT apply to student loans. Learn more about their organization StudentLoanJustice.org
Student Debt – A Life Sentence
CNNMoney.com reports on how the large amount of debt students are now graduating is diverting careers,marriage and buying a home. Read more
“Instant Approval” when Students Do Not Meet the Credit Critical
Everyone knows that smoking is cool. Oh, especially when actors do it on TV. It just looks so sexy, so sophisticated—it’s hard to imagine these suave characters hacking up blood as their lungs cave in.
Sure enough, though, long-term smoking kills. And the best way to get addicted is by starting young. Read more