Student Loan Socialism

We know that a government student loan monopoly is just right for you. After all, what could go wrong with politicians owning everything? Warning: May cause hilarity. [more...]

Date: 2009-09-29 21:14:15

Blog posts (18) | Videos (20)
 

Undermining a New Effort to Promote Public Service

Is the U.S. Department of Education deliberately trying to undermine a new program created by Congress to encourage students to pursue careers in ... by consolidating their debt into Direct Lending. The program is a reaction to reports that student ... government will forgive the remaining debt of Direct Student Loan borrowers if they make 120 [more...]

Date: 2008-07-23 18:43:00

Hidden in the Stimulus Bill

Last December Higher Ed Watch caught wind of back-room maneuvering on Capitol Hill to retroactively change the way the federal government sets lender subsidies in the guaranteed student loan program. Education Secretary Margaret Spellings ... concern that the change sought by the Secretary (and the student loan industry) was being debated [more...]

Date: 2009-01-15 23:20:03

Government Extends Loans to Detroit Automakers

This is today’s big news, and you’ve probbably heard about it already ... Commentary: A Personal Finance Blog:GM Wants You to Fear its Collapse: ...New Students Get Student Loan ... . This morning, President Bush approved three-year loan to GM and Chrysler which would give [more...]

Date: 2008-12-19 16:07:46

Charge it

BACK in October, my colleague in Los Angeles wrote, apropos of the government's puchase of a stake in Capital One: ... -Backed Securities Loan Facility, which will lend as much as $200 billion against new or recent vintage asset backed securities collateralized by "student loans, auto loans, credit card loans [more...]

Date: 2008-12-01 20:46:10

TARP goes TALF as FRBNY lends against AAA ABS

For all those people out there who want to know why they're not seeing more of this government bailout money directed at ordinary folk, boy do I have an acronym for you. Meet TALF, the Term Asset Backed Securities Loan Facility ... gin up lending for things like auto loans, student loans and credit cards, essentially disappeared [more...]

Date: 2008-11-25 16:23:55

North Dakota Legislators Considering A Tuition Freeze

Because government price controls always work so well. (BISMARCK) ... of higher education is taking its toll on students. As noted by the Project on Student Debt, North Dakota ... through student loans. The average debt held by these students is $21,648, which ranks 15th [more...]

Date: 2009-01-15 21:56:58

Saving Sallie Mae?

Sallie Mae continues to weather the widening financial havoc that began by throttling the financial sector and now spreads to ... , despite some contrary rumors, there does not appear to be any student loan crisis. Yet despite ... corporation that in 2004 shed its government sponsored roots that dated to 1972. It provides student [more...]

Date: 2008-11-12 00:37:01

Citron Releases the Document that The Apollo Group (NASDAQ:APOL) Does Not Want You or the US Government to See.

stock ticker: APOL Last week, The Apollo Group reported what appeared to be strong quarterly operating profits in their for-profit ... .   Here’s why: Before discussing, it is important to note that Title IV loans are the backbone ... from these loans, and is the largest single recipient of student loan funds in the country [more...]

Date: 2009-01-13 15:05:38

Understanding Credit Information And How It Governs Our Everyday Life

When you ask for a student loan, try to get financing for a car or apply for a mortgage, the lender will look at your credit information ... slip into collection or made a settlement offer on a past credit card. By assessing this financial [more...]

Date: 2008-10-28 09:07:06

Wall Street Breakfast: Must-Know News

New acronym on the block... The government unveiled its newest initiative, called TALF, or Term Asset-Backed Securities Loan Facility. The $200B facility will support consumer finance, including student, auto and credit card loans ... Mac (FRE) and the Federal Home Loan Banks. According to the statement released by the Fed [more...]

Date: 2008-11-26 12:14:47

Looking For a Loan?

Last week Fannie Mae and Freddie Mac, two of the largest mortgage supporters, ... the Stafford Student Loan, can be used for anything from books to tuition to housing. Rising gas prices make ... about our loan system. Freddie and Fannie were created by the government to make it easier for banks [more...]

Date: 2008-07-21 13:26:00

Debt Consolidation with Free Government Grants? One Scam to Avoid

Have you ever seen a commercial or an ad promising “free government grant money? ... can be used for anything, including debt consolidation , student loans, a yacht or just about any ... s doubtful that you’ll find an organization that’s interested in helping you pay off your Mastercard bill [more...]

Date: 2009-01-14 13:23:22

Student loan fixes will generate heat

Presidential candidates Barack Obama and John McCain say they'll reform the federal government's $150 billion student financial aid program. Commentator Kim Clark says that's great, but it's going [more...]

Date: 2008-09-12 20:01:38

Fed's Latest Rescue Package Throws Lifeline to Home Buyers

According to this Reuters article, the Fed announced a new rescue package of $800 billion USD to lower the cost of home purchases, credit card and student loans. Under the new mortgage program, the Fed will buy up to $100 billion of debt issued by government-sponsored mortgage enterprises Fannie Mae, Freddie Mac [more...]

Date: 2008-11-26 09:12:56

Government Grants

Many people feel that grants are temporary loans. Well, it is not so. Grants means in simple words a favor ... , personal cash, students, research, small business etc. Now, many people are actually not aware about this. I wanted to start a small business and my friend told me to apply for small business grant [more...]

Date: 2009-01-15 15:15:28

Measure of Relief

The US government has several new student loan schemes to make debt less debilitating. ……… Daniel de Vise reports …………… Suzie Dundas is at that stage of life when student loans loom larger than car leases or electricity bills. The $390 monthly payments seem to stretch into perpetuity. They are her largest monthly obligation aside from her rent, which Dundas has decided she can no longer afford. She is about to move in back with her parents. [more...]

Date: 2009-09-06 11:04:18

TARP “Reform” Only Makes Things Worse

Dear fellow patriot, Representative Barney Frank, chairman of the House Financial Services Committee, has introduced H.R ... of consumer loans, such as student and auto loans. More government bureaucracies to supervise other ... out auto manufactures and make loans to their financing arms. Congress opposed the use of the funds [more...]

Date: 2009-01-15 05:41:17

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