New Orleans Ok, one hand is clapping. There was some progress on student loans under the Obama Administration. The huge billion dollar scam that was subsidizing banks was kyboshed and federal loans were taken away from the private sector. Furthermore, President Obama won some limits on payments and implemented some forgiveness programs, especially for public [...]
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New Orleans After much sound and fury the Obama Administration seems to have slipped Professor Elizabeth Warren in through the side door of the White House to setup the new Consumer Financial Protection Bureau. It’s all confusing since the Bureau is squeezed between the Federal Reserve and Treasury Departments, and Warren herself has been [...] New Orleans Congress is debating real limits on the amount of student aid that they will cover on for-profit colleges, since finally they have the memo that too many for-profits are fleecing the students and they are paying the bill both on the front end with $20 billion in student loans and on the [...] New Orleans When I was in Columbus, Ohio a couple of weeks ago, I was stunned when an organizing colleague, Barbara Clark, told me that 75% of the 300 or so tax returns she had helped do at a VITA site at the Neighborhood House had student loan debts that were [...] Columbus I thought I remembered the Neighborhood House from 30 years ago, but that was a couple of story, white building…must have been something else because now the operation presided over by Allen Huff for the last dozen years was huge with an auditorium, gymnasium, multiple buildings, and god knows what else, [...] New Orleans In talking about Citizen Wealth around the country I’m frequently asked about education and the old saw that education creates income security. Odds are that there is still truth to that, but it was shocking to read how predatory the least slipup can be for students taking on debts for a key to [...] Baltimore If we didn’t have so many fast deals and multi-billion dollar scams to read about every day, then the student loan situation would be a scandal that doesn’t stop shaming everyone who touches it. Finally we have a chance to streamline the process and take out the sticky fingered middlemen skimming the cream off [...] |
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