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  • The Student Loan Scam: The Most Oppressive Debt in U.S. History and How We Can Fight Back


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    • and loan FAQ

    i want to go back to college but cant get a loan and have no co signers any other options?

    Apr 27, 2011 by Tony Bee | Posted in Financial Aid

    im 25 years old and want to go back to school. i already applied and evreything else is going into play, however at my financial aid meeting i found out that i wasnt approoved on a loan unless i have a co signer. at the moment i hacve no one that will

    you could try studying open learning at a british university it costs roughly £1500 per year
    Ted | Apr 27, 2011

    What is vested balance on my 401k and can i get my vested balance after taking a loan on my 401k?

    Apr 27, 2011 by Chris W | Posted in Personal Finance

    If I took a loan out on my 401k about a year ago and haven't paid it of yet can I get all my vested balance out. And what is the vested balance mean. Things don't look so good in my company that employes me so I wanted to get a hea

    I'm not an expert on 401K but I do have one. I think you would not be able to remove your entire vested balance because you would have to pay off the loan out of that amount. "Vested balance" roughly means how much of the money in the account
    Rev | Apr 27, 2011

    If my house was repossessed and I have a loan secured to the property does it get paid off ?

    Apr 27, 2011 by nikki b | Posted in Renting & Real Estate

    When m,y house was repossessed they sold the house for £79,000 which made a £35,000 profit would my debt that was secured to the house of £14,000 be paid off with the sale and wil I recieve any money back?

    and loan news

    GOP blocks Senate debate on Democratic student loan bill

    18.05.12

    WASHINGTON -- Senate Republicans blocked a Democratic bill Tuesday to preserve low interest rates for millions of college students' loans, as the two parties engaged in election-year choreography aimed at showing each is the better protector of families in today's rugged economy.


    Source: San Jose Mercury News

    Efforts to curb interest hikes for college loans foiled

    18.05.12

    WASHINGTON - Congressional partisanship scuttled the latest attempt to prevent student loan interest rates from doubling and piling more debt on 7 million college students, including 177,000 in Massachusetts, who already face tall odds to find decent jobs in a still-bleak economy.

    On Tuesday, Senate Republicans blocked a Democratic proposal to keep so-called Stafford loan interest rates from rising to 6.8 percent from 3.4 percent on July 1, when the interest subsidies are scheduled to expire.


    Source: Boston Globe

    Bank of America rolls out loan modification offers

    18.05.12

    Homeowners with a Bank of America mortgage have good reason to check their mailbox.

    The lender said Tuesday it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged foreclosure abuses.

    The Charlotte, N.C.-based company estimates that more than 200,000 of its customers could potentially be in line for a reduction in the principal balance on their mortgage.


    Source: New York Daily News

    and loan about


    Student loan payments can be made from mobile devices
    Wilkes Barre Times-Leader - May 01, 2011 Student loan payments can be made from mobile devices The Pennsylvania Higher Education Assistance Agency (PHEAA) says that borrowers whose loans are serviced by its student loan servicing operations, American Education Services and FedLoan Servicing, can now make payments directly from their web-enabled

    Refinancing an Upside Down Auto Loan
    Go Banking Rates - May 01, 2011 Auto loans are a great way to get your hands on a new vehicle when you don't have thousands of dollars to spend up front. However, loan terms that don't match the value of your vehicle can lead to an upside down auto loan. When your loan is upside down

    Federal Loans Available For Some Connecticut Residents Facing Foreclosure
    Connecticut Watchdog - May 01, 2011 A $33 million interest-free loan fund is available to some Connecticut homeowners facing foreclosure because of medical bills or unemployment. Applications for the loans are now available for the

    Tracking mortgage's owner can be ordeal
    DesMoinesRegister.com - May 01, 2011 Tracking mortgage's owner can be ordeal Citimortgage, a division of America's third-largest bank, services the loan and told him repeatedly it could not modify the terms or offer him a revised repayment plan. Why? The investors who own the mortgage wouldn't allow it. "We service your loan on

    Loans to turn more costly
    Hindustan Times - May 01, 2011 Loans to turn more costly Expect one more round of increases in your loan installments. With inflation hitting a 16-year high of 9.43% in 2010-11, the message is clear for the Reserve Bank of India (RBI), which is expected to raise interest rates in its monetary policy review