Posted 2 days ago
40 Notes
Posted 3 days ago
43 Notes
A new article argues that the real scandal with college affordability isn’t student loan interest rates, but the ever-increasing costs that have little to do with the core competency of learning (such as mega gyms, performing arts centers, dining halls with sushi chefs).
LIKE if you agree that colleges are investing their money in the wrong priorities and REBLOG if you disagree. http://bit.ly/Z8v7Mk
Posted 1 week ago
175 Notes
Some Senators were upset to learn today that the Federal Government is expected to earn $51 billion in profit this year off of student loans… more than the annual profit of any Fortune 500 company.
Posted 1 week ago
24 Notes
Did you know that many university endowments and pension funds are invested your tuition money in private student loan companies? Do you think this is fair? Please REBLOG this image to raise awareness, and Click Here to read more.
Posted 2 weeks ago
54 Notes
LIKE if you support Senator Elizabeth Warren’s Student Loan Proposal.
BACKGROUND:
Student loan interest rates are set to double from 3.4% to 6.8% on July 1st. Her plan, however, will let students borrow money at the same rate the federal reserve gives to big banks— only 0.75%!
WASHINGTON — Sen. Elizabeth Warren (D-Mass.) unveiled her first bill Wednesday, designed to set student loan interest rates at the same level the Federal Reserve offers to big banks. With some student loan rates set to double on July 1 — from 3.4 percent to 6.8 percent — Warren’s bill would reduce student loan interest rates to 0.75 percent, opening the Fed’s discount window to students.
Posted 1 month ago
64 Notes
Young Americans have invested in their education over housing and car purchases, which according to the Atlantic, could work as a “reverse-stimulus” in the long-term by adding more skilled workers to our labor force. Do you agree with this article? LIKE if you think college is a good investment, REBLOG if you’re troubled by the lack in home and auto purchasing.
For today’s full translation, click here!
Posted 1 month ago
17 Notes
As a country, we already have $1.1 trillion in student loans, and the number could keep climbing thanks to President Obama’s budget proposal. The budget would tie student loan interest rates to the market, providing little protection against sky-high interest rates in the future. What’s your opinion? LIKE & REBLOG if student loan rates are too high and COMMENT to tell us whether you agree with tying rates to the market.
For today’s full translation, click here!
What’s your opinion?
Posted 2 months ago
23 Notes
Ben Stein, writer and economist, called out Senators, Members of Congress, and the President for letting the sequester happen saying that both parties have unrealistic views of how to accomplish a balanced budget and they need to compromise. Do you agree with Ben Stein? LIKE = Yes COMMENT = No
For today’s full translation, click here!
Posted 3 months ago
28 Notes
Millennials are the most stressed generation, and with high unemployment, student loans, and credit card debt, it’s not difficult to imagine why. What’s your opinion? LIKE if you are stressed by one of these circumstances & COMMENT if President Obama should or should not address these stressors during the State of the Union tonight.
For today’s full translation, click here!
Posted 3 months ago
23 Notes
Three U.S. Senators have introduced the Fairness for Struggling Students Act of 2013 which will make it easier for Americans with private student loans to file for bankruptcy. What’s your opinion? LIKE if you hope this bill passes through Congress & REBLOG if you think it should fail.
For today’s full translation, click here!
Posted 3 months ago
7 Notes
As we said in yesterday’s ‘daily translation’, you can minimize your debt if you think & plan ahead. Now there’s a new, free software that helps you manage your student loans: check out Tuition.io at www.tuition.io
Posted 4 months ago
30 Notes
You may have heard of the federal student loan income-based repayment plan, where borrowers who have high debt and low income make lower payments each month and can possibly have their debt forgiven after 10 to 25 years. However, you may not know that once the debt is forgiven, they are expected to pay federal taxes on their debt. For example, if someone has $41,000 forgiven, they could still owe $10,000 in taxes that must be paid at once. What’s your opinion? Should borrowers have to pay taxes on their forgiven debt? LIKE if they should be relieved of this tax burden and REBLOG if they should pay what they owe.
To find out more about income-based repayment and the federal tax that follows, click here!
