student loans

Education
9:36 am
Fri December 19, 2014

New Federal College Ratings Will Consider Aid, Total Cost, Employment

Originally published on Fri December 19, 2014 4:12 pm

Today the Education Department released long-awaited details on a plan to hold colleges accountable for their performance on several key indicators, and officials said they'll be seeking public comment on the proposals through February.

"As a nation, we have to make college more accessible and affordable and ensure that all students graduate with a quality education of real value," Education Secretary Arne Duncan said in a statement.

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Education
12:58 pm
Fri September 26, 2014

Kentucky's Student Loan Default Rate Is 4th-Highest In the U.S., Report Says

Somerset Community College's Laurel campus

Originally published on Thu September 25, 2014 10:02 am

Kentuckians default on student loans at one of the highest rates in the U.S.

About 11,700 people had defaulted on student loans they were supposed to begin repaying in 2011 for attending a Kentucky college, according to data released Wednesday by the U.S. Department of Education. 

That puts Kentucky's default rate at 17.5.

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Education
4:46 pm
Fri April 25, 2014

Mid-Continent Students Unable to Finish Their Program Can Get Federal Student Loan Payments Forgiven

Credit midcontinent.edu

  Mid-Continent University students who are unable to finish their programs due to the institution’s closure may not have to pay their federal student loans.

The Department of Education says students who do not transfer and do not finish the program they started at Mid-Continent are eligible for discharges on direct and Federal Family Education loans. But Kentucky Higher Education Assistance Authority Executive Director Carl Rollins says getting a loan discharged isn’t necessarily the best option for Mid-Continent students.

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Education
9:28 am
Fri June 28, 2013

Student Loan Rates Set To Double On July 1

The interest rate on new Stafford loans is going to jump from 3.4 percent to 6.8 percent Monday.
iStockphoto.com

Originally published on Thu March 20, 2014 3:00 pm

The interest rate on government-backed student loans is going to jump from 3.4 percent to 6.8 percent Monday.

Republicans, Democrats and the Obama administration could not agree on a plan to keep it from happening. Lawmakers say a deal is still possible after the July 4 recess. But if they don't agree on a plan soon, 7 million students expected to take out new Stafford loans could be stuck with a much bigger bill when they start paying the money back.

It has been one of the more heated debates in Washington this year.

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Morning Cram
9:31 am
Tue August 21, 2012

Morning Cram [Todd Akin, Corn Harvest, Student Loan & Payday Loan Edition]

NPR

From NPR: It's come to this for Rep. Todd Akin of Missouri:

As more and more of his fellow Republicans call on him to drop out of his race for the Senate before today's 6 p.m. ET deadline to easily get his name off the ballot, the congressman's loudest defender is his Democratic opponent. 

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Education
9:03 am
Tue August 21, 2012

Sen. Durbin Calls for Passage of Student Loan Bill

wikipedia.com

Illinois’ U.S. Senator Dick Durbin is calling on his colleagues to pass his Know Before You Owe Act, a measure that would help college students understand the range of educational loan options before they borrow.  Durbin says most undergraduates with private loans didn’t know they were eligible for safer, and cheaper, federal loans.  Federal student loans have fixed interest rates and offer a range of consumer protections and favorable terms to make repayment more manageable.  By contrast, private loans often have uncapped variable interest rates and few, if any, customer protections.

Morning Cram
8:42 am
Wed June 27, 2012

the morning cram [ we need two big pizzas...a whole lotta water...and Funyons edition]

facebook.com

NPR reports a new law in Chicago may mean you won't go to jail for "just a little" pot.

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Higher Education
8:23 am
Wed June 27, 2012

Study Shows Kentucky Student Debt

newgre.org

New data shows Kentucky college graduates will shell out an average of $200 a month for a decade to pay off their student loans. 

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Higher Education
7:04 am
Fri June 22, 2012

Low Interest KHEAA Loan Available to Children of Kentucky Residents

Kentucky residents whose children's financial aid doesn't meet college expenses can apply for a state-based loan.

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