Despite some movement in Congress to alter the trajectory of what you might consider an incoming personal finance missile, interest rates on some government backed student loans are set to double on July 1.
The Federal Reserve Bank of New York says the country now owes close to $1 trillion in student loan debts. But in some states, the problem is worse than others.
Many soon-to-be high school graduates are settling on their choice of where to attend college. How does a family decide whether to pay for a student's dream school or a more economical alternative?
In July, interest rates on some federal student loans are set to jump from 3.4 percent to 6.8 percent -- and students are scrambling to stop the change.
Today the nonpartisan New America Foundation is out with a report that suggests changes to income-based loan repayment rules are benefiting high-income, high-debt students.
Did I hear you say on one of your previous programs that seniors who have been paying on student loans for 10 years or more can have the debts dismissed? Mine are a consolidation of federal loans and I haven't missed a payment in the past 10 years. Helen, Portland, OR