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Tag: Federal Loans


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Colleges Suing Poor Students Over Loan Defaults

“The increase in the amount of defaulted loans among poor students comes as President Barack Obama says he wants to expand access to college for working-class families and increase funding for the Perkins program,” Bloomberg reports.

Posted on Feb 5, 2013 READ MORE


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Subprime Student Lending

Banks gave money to needy college students without considering whether borrowers could repay, then bundled and resold the loans to avoid losing money when students defaulted—lending practices that mirror the run-up to the subprime mortgage crisis.

Posted on Jul 21, 2012 READ MORE



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Student Loan Hike Canceled, for Now

Congress prevented the doubling of interest rates on the loans of millions of current and former college students, but the deal lasts for just a year, and students are already anxiously wondering whether they’ll face the same financial threat next summer.

Posted on Jun 30, 2012 READ MORE


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