Graduates Can Find Help Scaling Mountain of Debt Special to The Washington Post Sunday, July 5, 2009 If you've got a diploma hanging on your wall, chances are it didn't come cheap. Of the 3 million or so college seniors who donned a cap and gown this year, about two-thirds of them went into debt -- an average of $22,500 -- for the privilege of that diploma. The debt of graduate and professional students is often tens of thousands more. As graduates struggle to find jobs during the worst economic crisis of their lifetime, an adviser to the secretary of education has said he expects that the default rate on student loans, which cannot be easily renegotiated or discharged in bankruptcy, will rise. But relief is here for some. A provision of the College Cost Reduction and Access Act of 2007 that took effect Wednesday reduces the... [read full story]
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Published: Sat, July 4, 2009 @ 12:00 a.m. NEW YORK (AP) — Repaying a student loan could soon be a little less painful. Starting this week, anyone with a federal student loan can apply for a program, run by the Department of...
the government; this reduces a lending bank's risk, so the loan's interest rates are typically lower. Federal student loans are made available under two major loan programs authorized under the Higher Education Act (HEA) of...
There's some good news for college graduates who have big student loans to pay off. You may be able to get some help from Uncle Sam. The U.S. Department of Education launched its new repayment plan on Wednesday. It lets college...
People are talking about the NY Times story about the guy who finally passed the NY bar exam on his fourth attempt, but appellate court rejected him on character and fitness grounds because they said he had too much student...
by Claudine Zap While the price of ignorance is high, the cost of college not to mention graduate education has become astronomical. A government initiative aims to change all that. It s a simple concept called Income Based...
