Michigan Congressman Dan Kildee has renewed his call for Congress to take action on his legislation to freeze student loan interest rates at 3.4 percent until 2015.
On July 1st, interest rates on new federally subsidized Stafford loans doubled to 6...
Parents taking out a crippling loan to ensure that their child has a good education is nothing new. However, they usually wait until the child is in a grade that doesn’t have a finger painting class before they start slowly going into debt.
While educational debt is generally thought to be the problem of younger people, new data from the Federal Reserve Bank of New York reveals a startling fact: Americans ages 60 and over collectively owe $36 billion in student loans.