Ohio Denies Law License for Grad with $170,000 in Student Loans
This is another example of a graduate being denied a professional license due to their student loans. Read how Ohio Supreme Court denied Hassan Jonathan Griffin his law license.
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MoneyWatch.com Student Debt: A $400,000 Mistake
Credit card companies still target college students – despite new laws
The Washington Post reports that despite new credit cards laws of 2009 college students are still being targeted. From a survey of 300 students by Professor Jim Hawkins at the University of Houston Law Center.
- 76% of 300 undergraduates received preapproved credit card offers last year.
- 2/3 of freshmen noticed credit card marketing on campus.
Read the full story about students being targeted by credit card lenders.
Student debt crisis threatens US economy according to International Business Times
The International Business Times is reporting that the student debt crisis is a threat to the US economy. They state that based on recent data from the U.S. Department of Education student loans are headed in the same directions as the foreclosure crisis.
“The report shows that the national cohort default rate on federal student loans is 7 percent for borrowers who entered repayment in 2008, which is comparable with the default rate for credit cards (8.8 percent) and home mortgages (9.1 percent). In fact, earlier this year it came to light that the total amount outstanding on student loans was $875 billion, which actually exceeded the amount that Americans owe on their credit cards.”
Read the full story here.
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- Obama Student Loan Relief Act 2011
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- Credit cards back on campus
- Student loan debt will top credit card debt in 2011
- Ohio Denies Law License for Grad with $170,000 in Student Loans
- Credit card companies still target college students – despite new laws
- Student debt crisis threatens US economy according to International Business Times
- Report: Colleges That Leave Graduates With The Most Debt
- Changes to Private Student Loans & Bankruptcy Law
- Student Debt Increasing Record Rates Due to Recession
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The latest news about student debt. Find out the issues facings students and graduates when it comes to dealing with student debt. You can get help with your student loan debt, credit cards, private student loans and federal student loans. Options include a student loan consolidation, forbearance, change in payment plan, or a temporary deferment.
Learn how the student debt crisis can affect the U.S. economy.