One Thing College Is Guaranteed to Give You
Cartoonist Tom Toles on higher education.
Does this sound familiar? Both sides of the Senate agree they want to extend low interest rates on student loan payments, but they disagree on how to pay for it it, and after Republicans blocked a Democratic bill extending low rates, they're set to double in July.
President Obama has been touring the country and slow jamming with Jimmy Fallon, urging Congress to extend a lower interest rate on federal student loans, and Wednesday, House Speaker Boehner scheduled a vote on the measure -- so, wait, did Obama just get his way with Boehner?
Barack Obama's appearance on Late Night with Jimmy Fallon became more than just a campaign whistlestop last night, when he joined Jimmy and The Roots for a old-fashioned slow jam.
The Department of Education has been transferring large batches of federal student loans to new loan-servicing companies 2014 leaving in the lurch some borrowers who are suddenly encountering problems with their loans, such as payments that are mysteriously adjusted up or down.
One big component of the well-documented anxiety young people experience today is student loan debt, but if a recent report from the Federal Reserve is to believed, they're also a major burden on older Americans.
President Obama plans to announce today a two-pronged executive action to relief Americans' ever-growing student-loan burden.
The Federal Reserve Bank of New York is reporting that for the first time ever Americans owe more than $1 trillion in student loans altogether--which helps explain why said Federal Reserve Bank has been surrounded by said loan-laden Occupy Wall Streeters.
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