Secretary Spellings announced the national student loan cohort default rate fell to 4.6 percent from last year’s rate of 5.1 percent. Although default rates remain at historic lows, dropping from levels as high as 22 percent in the early nineties, they are still a major concern for those involved. Lenders in the FFEL program attributed [...]
In a story that Alanis Morrissette would deem “ironic,†Will Ferrell will be auctioning off a cameo appearance in his upcoming movie to benefit charity. Ferrell, who cemented his status as an A-list movie star in his role as Frank “The Tank†Ricard, one of the middle aged “fraternity brothers†in “Old School,†will donate [...]
Read on...At different levels of government, lawmakers are responding to another, perhaps much more dangerous, element of the student debt problem: credit cards. According to American Banker, in addition to Congress’ scrutiny of the credit card industry in general, several states are addressing the marketing practices of credit card issuers on campus.
The state laws do not [...]
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