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Student Loan Debt For College Graduates Closing In On $900 Billion
WASHINGTON (CBSDC) — Millions of college graduates are already in the red as soon as they get into the “real world.” According to a recent report from the Federal Reserve Bank of New York, outstanding...
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John Boehner: House To Vote Friday On Student Loans
WASHINGTON (CBSDC/AP) — The House will vote Friday on a Republican bill preventing interest rates on federal student loans from doubling this summer, paid for by cutting money from President Barack...
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Market Rates For The Middle Class
With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market...
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Study: 1 In 6 People Have Defaulted On Government-Backed Student Loans
WASHINGTON (CBSDC/AP) — A new survey shows that millions of people have defaulted on their government-backed student loans. According to the New York Times, a study by the State Higher Education...
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Rockefeller Frets Over Student Loan Interest Hike
MORGANTOWN, W.Va. (AP) — Student-loan interest rates will rise July 1 if Congress doesn’t act, and U.S. Sen. Jay Rockefeller is sounding alarms. He met with students, parents, financial advisers and...
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Obama To Answer Student Loan Interest Rate Questions Via Text
LANHAM, Md. (CBSDC) — Are you a college student or a parent of a college student who plans to take out federal student loans? Are you concerned about the looming interest rate increase? Well, President...
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DC Ranked 3rd Smartest City in US
LANHAM, Md. (CBSDC) — D.C. is America’s third smartest large city, according to rankings released Tuesday by the real estate blog Movoto.com. Weighing criteria such as resident education level, public...
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Student Loan Interest Rates Double Without Congress’ Action
WASHINGTON — Interest rates on some new federally backed loans for college students are now double what they were last week. Subsidized Stafford loan interest rates went to 6.8 percent on Monday...
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Student Newspaper: DC University Misrepresented Admission, Financial Aid...
LANHAM, Md. (CBSDC) — A report in The George Washington University’s student newspaper, The GW Hatchet, says the school has admitted to wait-listing undergraduate applicants who can’t afford to pay...
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Senior Americans Burdened With Student Debt
WASHINGTON — Rosemary Anderson could be 81 by the time she pays off her student loans. After struggling with divorce, health problems and an underwater home mortgage, the 57-year-old anticipates there...
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College Affordability: Know Your Federal Student Loan Repayment Options
Photo Credit Thinkstock In 2013, the median weekly earnings of a worker with a bachelor’s degree was $1,108. Compare this to the worker with only a high school diploma whose median weekly earnings...
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Poll: 18 Percent Of Americans Believe They Will Die In Debt
AUSTIN, Tex. (CBSDC) – Almost one in five Americans believe they will die while still in debt, according to a new survey commissioned by CreditCards.com. The survey was conducted during the first week...
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Tax Tips: What All New College Grads Need To Know
Photo Credit Thinkstock Did you graduate from college in 2014? Congratulations! It probably feels great to be done with school, but there’s one more quick course you should take this spring. Welcome,...
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Study: Today’s College Grads Won’t Retire Until They’re 75
WASHINGTON (CBSDC) — Young men and women graduating college these days may have to wait until they’re at least 75 to retire, according to a new study. The study from Nerdwallet suggests that rising...
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How Student Loan Debt Can Affect Your Tax Return
By Mario McKellop According to Forbes, the average college student graduating in 2016 will leave academia with a degree and $37,000 in student loan debt. While finding a way to pay back that debt will...
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