school loans

3 Stories

Ivy League Schools Suing Students Over Loans

Yale, Penn among those seeing rise in defaults

(Newser) - Another sign that the student debt problem is off the rails: Borrowers defaulted on nearly $1 billion in federal loans designated for low-income students in 2011, a jump of 20% from five years earlier, reports Bloomberg . Because these particular loans, called Perkins loans, are administered by the schools themselves, it... More »

One Trend Among GOP Freshmen: Debt

Not the national kind, the personal kind

(Newser) - Republican freshmen in Congress say they're serious about tackling the US debt—but when it comes to their own personal debt, many have what the Washington Post amusingly calls “a more nuanced view.” At least 30 out of 87 had debts of $50,000 or more last... More »

Lawyer Sues Over Calls— About Law School Debt

He claims Sallie Mae is harassing him and wants payback

(Newser) - There's probably a lawyer joke in here somewhere: School loan company Sallie Mae is peppering a Seattle man with phone calls because he's behind on his payments. The twist is that the debtor just happened to use those loans to go to law school, and he's now suing Sallie Mae... More »

3 Stories