For millions of Americans drowning in student loan debt, the prospect of getting a mortgage might seem out of reach. Last week, Fannie Mae changed underwriting rules that could make it much easier for people with student loan debt to qualify for a mortgage. Here are the details. The new rule impacts people with federal […]
SHOCKER: Colleges Stop Exorbitant Price Increases After Congress Caps Student Loans…
America’s colleges and universities have finally stopped their practice of annually gouging students with price increases for tuition, fees and room and board — to the accumulated tune of a growth rate of 400 percent in the last three decades. Labor Department statistics collected by The Wall Street Journal show that aggregate tuition increases in […]
Baby Boomers Borrowed $100BN in Student Loans for Their Children and Now Defaults Are Soaring…
America’s snowflake millennials aren’t used to being told ‘no’, especially by their parents. Perhaps that’s why, as we pointed out a few days ago, more millennials than ever are now living at home with mom and roughly one quarter of them don’t even both to enroll in classes and/or find a job. But, when it […]
New Snowflake Study Proves Kanye Right: “That Major That She Majored In Don’t Make No Money”…
A few days ago we noted that a record number of millennials are now graduating college and promptly moving back home with mom and dad. Adding insult to injury, at least for mom and dad anyway, roughly one-quarter of those millennials living in the proverbial basement are unemployed can’t be bothered with the hassle of […]
U.S. Government Caught Massively Fabricating Student Loan Default Data…
The Education Department released a memo saying that it had overstated student loan repayment rates at most colleges and trade schools and provided updated numbers. This also means that the number of loan defaults in various cohorts is far greater than previously revealed.
Good Riddance: 6 Facts About The ITT Tech Shut Down…
One of the nation’s biggest for-profit colleges, ITT Tech, announced that it has permanently shut down its academic operations and fired 8,000 employees…
Student Loan Debt Slaves Get the Runaround Seeking Promised Relief…
Last Thursday the Consumer Financial Protection Bureau Student Loan Ombudsman released a report detailing the hurdles and outright barriers that college students who…