13 Feb

Why Student Loans Are an Even Bigger Sham Than You Know

Why Student Loans Are an Even Bigger Sham Than You Know
It’s becoming an annual ritual. Every June, Congress debates what to do about the interest rate on federally subsidized student loans, to avert what this year will be the imminent doubling from 3.4 percent to 6.8 percent. But interest rates alone don …
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Alter Net


Credit Crisis May Make College Loans More Costly
Many college students across the nation will begin to see higher costs for loans this spring, while others will be turned away by banks altogether as the credit crisis roiling the U.S. economy spreads into yet another sector, student lenders and Wall …
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Washington Post


Auto Loans Up, Delinquencies Down
Auto lending is up and delinquencies are down, according data cruncher Equifax. The firm’s latest credit-trend report says the total balance of auto financing mid-way through 2014 is $ 902.2 billion, a record high. It’s an increase of more than 10% from …
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Wards Auto


“How I Paid Off All My Student Loans in Just 2 Years”
This is a guest post from Eric Rosenberg at Narrow Bridge Finance who is also a fellow Denver blogger that I got to meet last year at FinCon and at various local meet-ups before the conference. He’s a good guy, and I’m happy to share his getting out …
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4 Dirty Secrets of So-Called Installment Loans
There’s been a lot of chatter about the risk of payday loans lately, prompted by a new report from the Consumer Financial Protection Bureau that called them “a long-term, expensive debt burden.” But there’s another, fast-growing category of small …
Read more on TIME Business & Money