Earlier this week, a FICO study revealed that student loan debt has increased dramatically and the default rates on these loans are now much higher than previous years.
The U.S. Education Department just announced that the national student loan default rate rose for the fourth year in a row and an Institute for Higher Education Policy study showed that only 37% of federal student loan borrowers actually made their payments without interruption over the past five years.
FORBES: Student Loan Borrowers Need Help to Understand Repayment Rights
C. bought a database of subprime loans from a company called Loan Performance in order to study the problem more closely, something that, apparently, no other government regulator had thought to do.
It already has a to-do list: Congress has ordered it to study reverse mortgages, private education-loan practices, why consumers who buy credit scores get numbers different from the ones lenders get and whether arbitration is the right way to settle financial disputes.
The IMF should be urged to embark on a study, much like that conducted in January 2008, of loan conditions focused on security-related risk considerations.
The number of recent graduates who are caught in the student loan trap continues to rise, according to a new study released by the Department of Education.
According to the more recent TransUnion study, more than half of student loans are in deferred status where the loan payment has been temporarily delayed.
The players from Govindpuri are in an NGO-run school, and Neha now plans to study for a degree in physical education, perhaps with an interest-free microfinance loan, and return as a coach.
ECONOMIST: Sport and sponsorship are not always about fame and fortune
One case study found that it takes ten days for a bank to process a simple student loan that should take one day, because the bank has to print out the online forms and courier them to the applicant for signatures, then wait for them to be returned by post only to scan them back into digital form.
The study tries to sort out the causality by using the Federal Reserve's survey of loan officers as a proxy for the supply of credit.
应用推荐