Thursday, October 27, 2011

NY Daily News: Student loan debt reaches $100b

Troubled assets bought at inflated prices. How many ex-students are under water?

Some price corrections necessary. Tenured faculty could be given involuntary retirement.
www.nydailynews.com
There are several good - and frightening - reasons why President Obama Tuesday announced a new student-debt relief plan that includes capping loan payments at 10% of income. Two weeks ago, the Federal Reserve Bank of New York reported the latest stats on student loan debt: The amount of loans taken ...

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